So a news story gets out, millions read it, share or watch it. Then NYT retracts it. Maybe adding a footnote or correction (sometimes they don't even do that [1]) is added to the story. Maybe the story is removed from their site.
However, the faulty information has already registered into the minds of millions of people.
NYT has already intentionally or unintentionally indoctrinated the minds of many readers and with the "retraction" at the same time they can claim the highest standards of journalism.
Unless in good fait, NYT tries to bring as much attention into the correction to the readers they have already impacted, the retraction is journalistic virtue signaling and a very small victory for truth.
Even if they do as much work in publicizing the retraction so many people have already formed a biased view and it'll be hard to undo that.
The only path forward is to fully hold NYT accountable. Fire the editor and journalist in charge of the story would be a start.