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Re:NYC Subway Data REST API by mpcadosch on Saturday April 19, 2014 @11:33PM (#7615743)
"The arrival times listed on the website are likely just timetable times. Until the MTA releases real time data"

@aerialfish you are correct, this data is taken from timetables, as the MTA does not release real-time data. But it is probably very close

Re:NYC Subway Data REST API by jansanchez on Sunday April 20, 2014 @12:40AM (#7615876)
They do for the numbered lines: http://datamine.mta.info/