Distance = (Rate)(Time), so Time = Distance/rate
Let x = distance of first car from Syracuse when the cars pass each other
Then 240 - x = distance of second car from Syracuse at that time
When the cars pass, their travel times are equal.
So, x/65 = (240-x)/55
Cross multiply to get 55x = 65(240-x)
55x = 15600 - 65x
120x = 15600
x = 130 miles
The cars pass when the first car is 130 miles from Syracuse and the second is 110 miles from NYC (or, in 2 hours after the cars departed from their respective starting points).