WOXY out of Cincinatti, OH and online at www.woxy.com
is indeed very CFNY'ish and wonderfully independent. I highly recommend giving it a listen!
CBC Radio 3 (and some of the weekend and late-night programming on CBC Radio 2) would probably also appeal to old-school 'NY listeners as would some select community/campus programming in the G.T.A. as well.
X-FM and BBC Radio 1 in the U.K. are also decent in spots as well. Paricularly Steve Lamacq and Colin Murray's broadcasts on Radio 1.
On a somewhat related note...
CHUM-FM canned Maie Paut's decent "Light Out" the other night. Very sad. It wasn't great, but as far as commerical radio in this city goes, I was mildly impressed by it. It was basically an ode to the Dani's "Bedtime Hour," but that was fine by me. Anyway, it's truly "Lights Out" and another sad reminder of how badly radio has fallen in this city. I'll never understand why a city as culturally and musically diverse as Toronto has to be stuck with such banal radio stations. Radio for the lowest common denominator. And I'm not even referring to the music. It's all about "market segments" and "positioning" and "rolling out products." The music is just background noise, if even that.