[1]: 9 Between Canisteo and Rexville the New York & Pennsylvania used the grading done in 1872–1873 for the unbuilt and scandal-ridden Rochester, Hornellsville, and Pine Creek Railroad (RHP).

[3] The NYP wanted to extend to Hornellsville using the roadbed of the RHP, but did not do so because the builders found unattractive the terms offered by the owner of it.

[6] A 1911 timetable shows two first-class and one second-class (involving transfers in Oswayo and Shinglehouse) trains in each direction each day.

[6] The railroad served a territory which was a beehive of industry in the early years of its existence, with sawmills, tanneries, barrel header and stave factories, grist mills, planing mills, "large deposits of glass rock" (quartz) with a high percentage of silica, natural gas, and a prosperous, diversified agricultural region.

[7] According to the 1897 Sanford Fire Insurance Map, the route in the village of Canisteo was from the Erie line south, then NW to SE across Depot St., just north of the Taylor Chair factory and the Pearl Button Works.

The route then turned slightly to the southeast, as does today's South Elm St., and then stopped at the Academy Street platform.

Revenue no longer covered operating expenses, but service was maintained, with two passenger trains each day, down to the close of this period, though the resources of the road did not admit of keeping it in very good shape.

The plant of the Penn Tanning Company at Oswayo burned in January 1903 and was not rebuilt, and the tannery at Shinglehouse closed in that year.

[9] After a change in ownership,[10] a new corporation (New York & Pennsylvania Railway), and the raising of new capital, the damage was repaired, the track replaced, a new trestle over Bennett's Creek built in Canisteo,[11] and service for freight only was restored in 1920.

[1][12] Since the line, in its entirety in need of renovation, had been losing money for years, and had little hope of regaining profitability, shareholders voted to end operations.

[1] The records of the New York and Pennsylvania Railroad (184 volumes) are located in the Carl M. Kroch Library at Cornell University.