MTA officials warned they may have to drastically cut service or increase fares as deficits are expected to hit nearly $1bn by 2022 New York Citys subway and bus service is already in crisis. It could be getting worse. And more expensive. Officials at the Metropolitan Transportation Authority (MTA) warned last week that without a major infusion of cash, they will have to drastically cut service or increase fares on the system that carries millions of New Yorkers around the city.