Is a submonoid of a commutative, finitely generated monoid, always finitely generated?

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Let $M$ be a commutative, finitely generated monoid and $N$ its submonoid. Is $N$ finitely generated as well?

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Let M be $Z\oplus Z$, and let N be the subset of M of those pairs $(x,y)$ such that $x \geq 0$ and either $y=0$ or $x>0$.