Answer
The New York City Theater Development Fund runs the TKTS Discount Booths. These booths are the safest way to get discount tickets to Broadway and Off-Broadway shows.
There are two booths in the city. One booth is in Times Square and another is at the South Street Seaport. The booth in Times Square sells tickets only on the day of the show. The South Street booth sells tickets to the current night's performances and matinées the following day.
Be advised that TKTS booths only accept cash or travelers checks. Find out more about the booths here.
If you live in or frequent visit New York City you should consider the Audience Extras discount seat club.
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