State lawmakers say they are closing in on a plan this weekend to step in and rescue the cash-strapped Metropolitan Transportation Authority, which earlier this week approved its so-called "doomsday budget" that will raise fares and cut service.

As of Saturday evening, no specifics were disclosed, but legislative leaders said they are trying to reach a consensus behind closed doors and expect to reach an agreement by the end of Tuesday, when the state budget is due.

State senators said they met with Senate Majority Leader Malcolm Smith over the issue.

"The Democratic conference was always committed to do something responsible to stop the fare hikes, to improve service, to not develop tolls which exacerbate the problems of the working class in this city," said Bronx Senator Pedro Espada Jr.

"My conscience is telling me that we in the Senate are having the best package for everyone that rides the subway," said Bronx Senator Ruben Diaz Sr.

Under the MTA's new budget, some subway and bus lines would be eliminated, and a one-way trip would rise from $2 to $2.50.

Without a bailout from Albany, the changes will be implemented by May 31.