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Family and politicians turned out for Monday's dedication ceremony to honor the late governor.

"As proud as we are of all that he accomplished, we are equally humbled by this tribute," said Carey's son, Michael Carey.

"His impact will be felt on our city for generations to come. And today, we are making sure that his name and legacy will be remembered for just as long," said Mayor Michael Bloomberg.

"Governor Carey was a friend and a mentor for me in many, many ways. When I was New York City Budget Director, he trained me and regaled me with the fiscal crisis, which I think, the lessons he taught me actually made me be a better budget director," said MTA Chairman and CEO Joe Lhota.

Carey served as governor from 1975 to 1982 and led the rescue effort that brought the city back from the brink of bankruptcy during its fiscal crisis in the 1970s.

He died last year at the age of 92.