The song being played on Blaster when the thugs steal he and Tracks is "Cold Slither," a song written and performed by the Drednoks in an episode of GI Joe.
While taking on a mission in New York in order to catch a group of car thieves who are working for the Decepticons, the Autobots in one of their battles, find themselves in Times Square. With several billboards and signs on display, one of which is a theater that is playing The Transformers: The Movie (1986)