One of the five development teams short-listed by the Metropolitan Transport Authority for the multibillion-dollar development of the West Side rail yards, Brookfield Properties, has signaled its withdrawal from consideration.

Yesterday was the deadline for resubmission of proposals to the Metropolitan Transportation Authority, and the authority confirmed that only four were received. In January, the MTA sent out an addendum to its original request for proposals seeking a more detailed financial payment plan for a 99-year lease on the property.

A Brookfield spokeswoman, Melissa Coley, confirmed that an updated proposal was not submitted. “We are totally committed to the development of the West Side,” Ms. Coley said, referring to plans by Brookfield to develop another rail yard site between the Hudson Yards and Penn Station. In June, Brookfield will begin construction on a 5.4 million-square-foot platform over the rails where it plans to build two towering office buildings at a total cost of $600 million.

The other four bids are from the Durst Organization and Vornado Realty Trust, Tishman Speyer, Related Companies, and Extell Development.

An MTA spokesman issued the following statement: “In January, the MTA asked each of the five development teams that submitted proposals for the Hudson Yards to submit revised proposals adhering to a deal structure preferred by the MTA. The deadline for responses was today. We received revised proposals from four teams, which we are reviewing. Brookfield Properties did not submit a revised proposal.”

The MTA is scheduled to choose a winning proposal by the end of March.