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Walder was raised in Queens and worked for the MTA from 1983 to 1995, working his way up to executive director before going to work for London's system.

In England, he created what's known as the "Oyster card," which allows riders to link to individual accounts like an E-ZPass.

"With Jay's record of ingenuity and his familiarity with global transportation systems, including the MTA, he will bring new life to the organization to better serve all its customers," said Paterson.

Former Chairman Elliot "Lee" Sander was pushed out of the job in May as Paterson began to put his stamp on the agency, which is struggling with a major deficit.

Walden will also replace MTA Chairman Dale Hemmerdinger, as the governor wanted to combine the leadership posts to one position with a fixed six-year term.

"This way, the taxpayers of New York will have one independent leader whose purpose will be to eliminate waste and to satisfy customers," said Paterson.

Walder said his top challenges, if he is confirmed, include the MTA's long-term capital construction needs and restoring the public's trust.

"There's no question that the taxpayer and the riding public need to understand and need to demonstrate and need to believe that they're getting value for money," he said.

MTA watchers told NY1 that they approved of the appointment.

"I thought that Elliot Sander's departure from the MTA was a mistake, but Jay Walder is a worthy successor and I have high hopes for him," said Gene Russianoff of the Straphangers Campaign.

"He has tremendous expertise and tremendous commitment to the system," said MTA board member Mitchell Pally.

City straphangers said they already have a long to-do list for the new executive.

"Lower the fare, then I'll start taking the train again," said one subway rider.

"Basically just improve the service, you know," said another. "I take the 7 train. It breaks down a lot. Other than that, I mean, $2.25 is a great deal for a train and a bus ride, I mean, how can you beat it?"

"Better subway at a cheaper price. I think what they're asking now is getting a little out of hand for what we're getting," said a third. "I think a lot of people would be willing to pay what we're paying to get more, or even settle for less to get less."

The State Senate will have to approve the appointment, which Paterson said could happen as soon as Wednesday.