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Investigators believe the bicyclist who bombed the Times Square military recruiting station is a local man with ties to chaos-crazed anarchy groups, a high-ranking law-enforcement source said yesterday.

The revelation opened a new avenue after a promising lead connecting the attack to a series of letters shipped to Washington lawmakers’ offices crumbled.

The official said the entire attack - including the dumping of the bike in a trash bin blocks away from the explosion - seemed well planned because it appeared the suspect scouted out his escape route.

“He seems to be toying with everyone,” the official said, speaking on condition of anonymity.

Cops yesterday pored over dozens of surveillance tapes that tracked the bicycle-riding bomber from Times Square, across 43rd Street to Fifth Avenue and finally to Madison Avenue and East 38th Street, where he ditched his wheels.

Police recovered the blue Ross 10-speed in good condition in a trash bin and believe it was the one used in the attack early Thursday.

After the bike was tossed, surveillance footage shows the bomber walking with another person, although it is unclear if he or she was involved.

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