Police shot and wounded a knife-wielding woman in Times Square on Monday after she allegedly stabbed two people, according to law enforcement sources. The incident occurred just before 4:30 p.m. at West 42nd Street and Seventh Avenue.

Officers responding to the scene found the suspect behind the NYPD substation, reportedly pointing a knife at them. Police then opened fire, striking the woman. Both the suspect and her alleged victims sustained life-threatening injuries and were transported to hospitals, sources said. The situation remains under development.

A crime scene is established in Times Square after reports of NYPD officers shooting a person armed with knives. The scene is at W47th and 7th.