No, that was the reason Christie rightfully walked away from the 2010 plan. But, typical for Christie he didn't renegotiate a better deal and sat on it for 6 years and the costs ballooned. The new plan is going to be split among feds, NY & NJ.
Penn Station serves 650,000 commuter rides/day and the facility is desperately underfunded and mismanaged. That's bigger than 2 states' population .