MGY or a variant thereof is used as an acronym or abbreviation for:
- MGy, megagray: 106 gray, an SI unit of absorbed dose
 - mGy, milligray: 10–3 gray, an SI unit of absorbed dose
 - mgy, MGY, mmgy, MMgy, or MMGY: Million gallons per year.
 
MGY as a callsign or identifier has been used to denote:
- MGY, the IATA code for Dayton-Wright Brothers Airport
 - MGY, the callsign of Marconi's wireless telegraph station aboard RMS Titanic.
 
MGY may also refer to:
- MG Y-type, a motorcar produced by British auto maker MG.
 
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