NEW YORK - (AP) - An MTA finance committee has voted to raisetransit fares.

The cost of a single subway or bus ride would increase from $2to $2.50 under the plan passed Monday afternoon by a committee ofthe Metropolitan Transportation Authority.

The price of a monthly MetroCard would go up to $103, from $81.The increases would take effect June 1.

Gov. David Paterson and state lawmakers are at odds over a dealto head off the fare increases. The Legislature has until Wednesdayto agree on a plan for closing the MTA's $1.1 billion gap.

Stillno deal in Albany on NYC transit bailoutMTAholds emergency meeting on fare hikes