Contrary to popular belief, the Metropolitan Transportation Authority (MTA) is not owned by New York City; it is a New York State public-benefit corporation. While it serves the city's five boroughs, it is ultimately controlled by the Governor of New York, not the Mayor. The MTA Board is composed of members appointed by the Governor, with some recommendations from the Mayor and surrounding county executives, but the Governor holds the majority of the power. This distinction is a frequent point of political tension in 2026 regarding funding and "Congestion Pricing" implementation. The MTA also manages the Long Island Rail Road (LIRR), Metro-North Railroad, and several bridges and tunnels, extending its reach far beyond the city limits into the suburban "tri-state" area. While NYC Transit (the subways and buses) is a subsidiary of the MTA, the city government does not have direct operational control over its budget or daily management, which remains a state-level responsibility in 2026.