According to the Roosevelt Island Operating Corp (RIOC)

Please be advised that both the Red Bus and Tram will continue to be free of charge Thursday, November 1, 2012 and Friday, November 2, 2012.

For additional information, please call Public Safety at 212-832-4545. In the event that the phone line is busy, please use the following alternate numbers: 917-541-9156 or 917-541-9167

Sincerely,

Roosevelt Island Operating Corp Advisories Group

Also, according to the MTA:

Limited Fare Free Service To Be Restored On Subways, Full Service Rolls on Buses

Subway service will be limited Thursday, due to ongoing water remediation, infrastructure repairs and power related problems. Limited service will operate along parts of several routes between The Bronx, Upper Manhattan and Midtown. Other lines will run in parts of Queens and Brooklyn, with service terminating in Downtown Brooklyn. Shuttle Bus service will be available at Jay St – MetroTech, Atlantic Ave – Barclays Center and Hewes St in Williamsburg to 57th St and Lexington Ave in Midtown Manhattan. See Bus Routes.

The restoration of subway service was made possible by the hard work of hundreds of Transit Workers who inspected miles of track, removing debris that washed into the system, dried out components and made necessary repairs. In other parts of the system heavy duty pump trains continue to evacuate thousands of gallons of water that filled 7 underwater tunnels. Station Environment crews removed and repaired canopies on elevated stations ripped off by Sandy’s strong gusts, while cleaners removed debris. Track Workers checked rails for damage while Signal Maintainers inspected and tested equipment that was submerged under water. Electronic Mchecked critical electrical systems, including crucial communications equipment.

Late Wednesday night, the system was energized and 3rd Rail power was restored. During the night crews will begin running trains throughout the system to polish rials and ensure there are no track or other component defects before service begins.

Because subway service will be limited, waits will be longer and trains will be more crowded. Customers are advised to consider changing their normal routines to travel later in the morning or later in the evening.

The F Train will stop at Roosevelt Island and go no further downtown than 34th Street. From Transportation Nation , here’s the new post Hurricane Sandy temporary subway map.