The cash-strapped MTA has found enough money to avoid the 10 percent pay cut that was slated for administrators.  According to letters sent Thursday, officials cut expenses to avoid the $49 million pay reduction. Last year, officials agreed to slash pay to help fill a massive budget gap.

Union officials, who are protesting hundreds of layoffs to station agents, didn’t take kindly to the news.

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“It’s another magic trick by the MTA. They are always finding money at the last minutes,” said Israel Rivera, secretary treasurer of the transit union.

An MTA spokesman said the agency is cutting 680 administrators to save $65 million a year, and still might slash salaries later this year.