Time in New York, jangling (5)
I believe the answer is:
tinny
'jangling' is the definition.
(both can mean making a metallic sound)
'time in new york' is the wordplay.
'time' becomes 't' (abbreviation).
'new york' becomes 'ny'.
't'+'in'+'ny'='TINNY'
(Other definitions for tinny that I've seen before include "Sounding thin and metallic" , "appear so badly constructed?" , "With thin metallic sound" , "Of poor audio quality" , "Aussie beer" .)