The current fleet uses essentially the same type of brakes as the PCC cars ... just a little more modern design. Electric (i.e., dynamic) braking provides most of the deceleration effort, with mechanical brakes (a combination spring-loaded/hydraulic system, if I recall) for the final stop after the dynamic brakes fade. Both types of cars also have electromagnetic track brakes for emergency braking effort. Byte is correct that the cars before the PCC's employed entirely pneumatic brakes -- in most cases, 23-type automatic air.
The cars in service today are relatively quiet while accelerating and braking. When the AC motor cars arrive, you can expect to hear more noise. What kind of a buzzing sound? Well, it'll probably sound kinda like "buzzz-zzz-zzzzzzz" while accelerating and "buzz-zz-zzzzzz-zzz" while braking.