MTA to hold off on fare hike; toll increases still likely Updated Jan 19, 2021; Posted Jan 19, 2021 The MTA will hold off on proposed fare increases on buses and subways, but will move forward with plans to increase tolls on agency crossings. (Marc A. Hermann/MTA New York City Transit)MTA New York City Transit Facebook Share STATEN ISLAND, N.Y. -- Bus and subway fares won’t be going up just yet, but motorists could soon be paying more to cross New York City’s bridges and tunnels. On Monday, the MTA announced that it had postponed proposed fare increases on the city’s buses and subways, citing the economic hardships facing riders as a result of the ongoing coronavirus (COVID-19) pandemic.