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
Assuming convergence (so the formula works at least for polynomial $y$), the formula can be seen by linear algebra. One has part of the infinite dimensional matrix as follows: $$\left[\begin{array}{cccccccc}*&y(0)&y'(0)&y''(0)&y'''(0)&y^{(4)}(0)&y^{(5)}(0)&y^{(6)}(0)\\
A&1&\frac 1 2&\frac 1 6&\fr...