No, the Metropolitan Transportation Authority (MTA) does not actually own the New York City Subway; the City of New York owns it. In a unique legal arrangement dating back to 1953, the City leases the entire subway system—including the tracks, stations, and equipment—to the New York City Transit Authority (NYCTA), which is an affiliate of the state-run MTA. While the City is the landlord, the MTA is the operator and manager. This distinction is important in 2026 because it means that while the Governor of New York effectively controls the MTA's board and budget, the City remains responsible for many of the system's capital assets. This "split" responsibility often leads to political debates over who should pay for repairs and upgrades, but for the average rider, the "MTA" brand is the face of the service they use to get around the five boroughs.