New York City Mayor Michael Bloomberg is set to announce Tuesday plans to create a large-scale bike sharing program, with potentially thousands of bicycles available to the public, sources said.

The program would allow users to pick up their rides from kiosks around the city and use them for short trips, like their commute to work, the sources said.

Most likely, customers would pay a subscription fee.

The city will announce it is accepting proposals from interested businesses that would operate the program -- and ideally foot the entire bill, the sources said.

It was not clear if proposals that involved using taxpayer funds would be considered.

For the last several years, Bloomberg touted similar initiatives, which currently exist around the world in places like London, Paris, Barcelona, and Washington DC.

Read more: