History
Chartered by the New York State Legislature in 1965 as the Metropolitan Commuter Transportation Authority (MCTA) it initially was created to purchase and operate the bankrupt Long Island Rail Road. The MCTA dropped the word "Commuter" from its name and became the Metropolitan Transportation Authority (MTA) in 1968 when it took over operations of the New York City Transit Authority (NYCTA) and Triborough Bridge and Tunnel Authority (TBTA), now MTA New York City Transit (NYCT) and MTA Bridges and Tunnels (B&T) respectively. The agency also acquired through lease the New York State commuter trackage of Penn Central Transportation's Hudson, Harlem and New Haven lines, contracting their subsidized operation to Penn Central, until that company's operations were folded into Conrail in 1976. The MTA took over full operations in 1983, as the Metro-North Railroad.
Read more about this topic: Metropolitan Transportation Authority Of New York
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