http://observer.com/2014/10/northern-exposure-the-give-and-t...
Isn't the phenomenon of money being transferred from city->country an inevitability in any society with progressive income taxes?
The main issue here though is that due to some sordid political history the MTA is a state agency, despite running the NYC subway. This has resulted in the city's transit budgets being routinely raided to supplement state budget needs, and also a focus on state-centric mass transit efforts to the detriment of in-city mass transit (see: redeveloping Penn Station which serves long-distance train commuters, designing the AirTrain to LaGuardia to primarily serve suburban Long Island travelers, etc).
There's a pretty dramatic misalignment of incentives when a state agency under the command of the governor runs the city's subways, rather than the mayor or even a regional government.