New York Knicks guard Walt Frazier during a game against the Los Angeles Lakers at Madison Square Garden in 1973.

Cue the Frank Sinatra song — New Yorkers are on top of the world this week.After a 53-year-long drought, the New York Knicks are finally able to bring the Larry O'Brien championship trophy to New York City and celebrate with their loyal fans, who haven't given up in more than half a century.Here's what life was like in New York City the last time the New York Knickerbockers were world champs.

The last time the New York Knicks won an NBA championship was in 1973. Here's the team celebrating their win at City Hall.

At City Hall, the Knicks were introduced at a reception. There was no ticker tape parade due to a financial crisis.

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