The sounds of gunshots sent tourists and bystanders running for cover in New York's Times Square.
The incident took place on Thursday afternoon, shortly after Knicks' victory parade filled the streets of lower Manhattan.
The 17-year-old suspect was chased down by officers and arrested, according to the New York Police Department.
According to reports, the shooting occurred after a dispute broke out between a large group.
At least one person was taken to the hospital after the incident, but no further details have been released so far.
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