A US first: NY adopts congestion toll

Most of the anticipated $1 billion in revenue will enable subway repairs

New York has become the first city in the US to adopt congestion pricing on vehicles that enter its central downtown streets. Most of the anticipated $1 billion in revenue from the toll will be targeted at securing bonds to fix the city's troubled subway system.

New York will join London, Stockholm and Singapore, which already have congestion pricing at peak hours on vehicles to reduce traffic and air pollution.