If you don't have a car and are looking to get to New York in a somewhat time conserving and affordable fashion, you can consider taking the Megabus from Toronto to Buffalo, and then flying out of Buffalo to New York via Jet Blue.
I put in numbers for round trips from Toronto to New York using this method, planning a trip 30 days in advance. It came out to be a grand total of $212.50 ($185 for a round trip flight, $27.50 for the bus)
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