This article gives you the scope of what it means---on a national level, it all but leaves the organization dead in the water, as the MTA's ridership alone accounts for 35 percent of all mass transit ridership in all of the USA (credit to Max Diamond on Facebook for posting the article there originally)
http://transitcenter.org/2016/04/14/mta-pulls-the-plug-on-apta/
The MTA's decision to exit APTA is explained here: https://drive.google.com/file/d/0B-s2b-K9y41NdkhiZEJKdXpMRFU/view