N.Y. Rapid Transit Law § 36: Rates of fare

§ 36. Rates of fare. The board of transportation, with the approval of

the mayor, is hereby empowered to fix and adjust from time to time the

rate of fare that may be charged any passenger traveling on any railroad

publicly or municipally operated pursuant to the authority of this

chapter, provided, however, that any change in such rate of fare shall

become effective on the first day of the next ensuing fiscal year of the

city.