Medallion owners have a license to own a vehicle that is approved by the Taxi and Limousine Commission (TLC) for use as a taxi. A medallion taxicab is the only vehicle licensed to pick up people who hail down a vehicle on the street, anywhere in the city. The number of medallions available in the City is limited by State law. However, a medallion is transferable by law and can be resold.
If you are interested in purchasing a medallion you can find out if one is being made available for sale by contacting a TLC Licensed Broker.
NYC Taxi and Limousine Commission (TLC)
Beaver Street TLC Facility
33 Beaver Street
For further assistance, please call 311 and ask for: TLC