There are reports of a possible terror attack in New York City. 

An explosion was felt around 6:30am Monday morning in a Subway station near the Port Authority bus terminal in Midtown Manhattan - just blocks from Times Square.  

The FDNY said they located a device near the passageway between the A and 1 trains, and that it's possible this was a terror attack. 

Police have taken one man into custody who was wearing a device with wires on him.   

Law enforcement agencies have responded to the scene and have set up a perimeter around the area.