Details from FTA on Stimulus Money for Transit
"Here's a briefer on the two types of formula allocations:
Fixed Guideway Infrastructure Investment: Funds are distributed according to a seven-tier system, only the first four of which will be used for the distribution of stimulus funds."
"Transit Capital Assistance - Urbanized Areas: Funds for urban areas of above 200,000 in population (representing 90.68% of total funds) are divided up in terms of fixed guideways (generally rail) and bus service. These funds go directly to metropolitan planning organizations in each federally-designated urban area, which then sets its own priorities for funding."
Funding breakdowns for both types and a chart detailing funding by city available after the jump.