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Yesterday, June 7, 2009, Archbishop Dolan inaugurated the 200th anniversary of the cathedral.
There are three distinctions for basilicas: there are four major basilica, directly connected with the Pope, and therefore are called "papal" (St Peter's, St Paul outside the Walls, St John Lateran and St Mary Major); there are eight pontifical minor basilicas (all in Italy); and the rest of the world's basilicas are "minor" basilicas but no less distinguished because they too are connected with the Holy Father but they don't have "papal altars and thrones."
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In the USA there are 60+ minor basilicas. If the Holy See makes Old Saint Patrick's a basilica it would take precedence over the other NY churches except for the Cathedral, have the use of the tintinabulum (a bell on a pole which would signal the arrival of the pope) and an umbrella (carried over the
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pope for protection) and carried by the laity behind the processional cross; the rector would be able to wear a grey mozzetta. The list of basilicas can be read here.
A helpful, but dated article but there's some reliable info for us in the United States.
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