Partially, yes. Much of Pink's experiences in The Wall are based on Syd's life. Check out Roger's commentary on The Wall DVD.

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what do you teach your children about me?
what do you teach your little children about me?
pimp, thug, bling drug lord of the undergrounded kings
how can you be so sure i won't call down the rain?
what do you teach your little children about me?
you point your gun, wait, hide and run. i see it plain