Taylor Devon is charged with attempted murder, gang assault, robbery and criminal possession of a weapon.
He had been taken to Bellevue Hospital for psychiatric evaluation after attempting suicide following the shooting.
The 64-year-old livery cab driver and father of seven is still fighting just to stay alive, but his family received more devastating news from doctors at Lincoln Hospital.
Lora's son, who also makes his living driving a cab, insisted he is so shaken that he cannot get behind the wheel of a livery cab, again.
"I decided to do that no more," said Danilo Lora, the victim's son.
He's heartbroken over his father's condition and the violence that put him in the hospital.
The family says he was shot in the head.
Julio Lora was driving a Lincoln Town Car when a passenger in the back seat pulled out a gun and shot him in an attempted robbery on Thursday night.
The suspect tried to run away, but that's when some Good Samaritans chased him down and restrained him until police arrived.
"We, as New Yorkers in general, are amazed at their bravery. They basically held down a man that was armed and they could've lost their lives," Mateo said.
Sources say one teen broke his hand in the scuffle. Other witnesses flagged down two officers who were passing by.