The New York City Subway is a rapid transit system owned by the City of New York and leased to the New York City Transit Authority, a subsidiary agency of the state-run Metropolitan Transportation Authority (MTA). Opened in 1904, the New York City Subway is one of the world's oldest public transit systems, one of the world's most used metro systems, and the metro system with the most stations. It offers service 24 hours per day on every day of the year, though some routes may operate only part-time.