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The significance of the NYC subway system's fare system primarily lies in its ability to facilitate fare collection while maintaining public service accessibility. The fare structure is designed to streamline the process of collecting revenue from millions of daily riders, ensuring that the system can operate efficiently. By implementing a fare system, the subway is able to fund its operational costs, including maintenance, staffing, and improvements, while keeping fares relatively affordable to encourage use and promote accessibility for all New Yorkers and visitors. This accessibility is vital in a densely populated and diverse city like New York, as it allows people from all economic backgrounds to use public transportation easily and reliably, thus contributing to the overall functionality of the city’s transit network. This option captures the essence of how the fare system supports both the operational and social goals of the subway system.