The city of New York (under mayor Bloomberg) presently annually generates a Gross Metropolitan Product (GMP) of $1. 55trillion which is the GDP of Australia. It is also 2 times the GMP of Mumbai city ( at PPP).
Top univs within NYC are Columbia, Cornell and SUNY ..
http://en.m.wikipedia.org/wiki/List_of_colleges_and_universities_in_New_York_City
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