Starting May 12, you’ll be able to reserve a bike in advance at http://www.downtownny.com/bikearound

Starting May 13, you’ll be able to borrow a bike for free in Lower Manhattan for up to two and a half hours through a program launched by the Downtown Alliance.

The bikes will be available at the South Street Seaport and can be returned at four locations in Manhattan, according to the Daily News. A credit card will be required as a gaurante, the paper reports.

There will be several other ways to borrow free bikes in New York this summer:

Not bad. Where do u go on that site to reserve the bike? I couldnt find it anywhere

Not bad. Where do u go on that site to reserve the bike? I couldnt find it anywhere
"Starting May 12, you’ll be able to reserve a bike in advance..."

My calendar says it's still May 4. YMMV

thanks