Aiming at the problems that was difficult to describe the relationship between events by the Boolean logic of conventional fault tree analysis (FTA), and the insufficient of getting reliability data in the practical application, a new polymorphic system reliability assessment method using small sample based on multiple source information fusion method and T-S fuzzy faulty tree was proposed. Based on T-S fuzzy fault tree, correlation multiple source information fusion method was applied to the confirmation of the basic event reliability. Meanwhile, in order to avoid the influence of unusable data, t-test was proposed to check the compatibility between prior information and sample information, which solved the problem that the reliability of the bottom event was difficult to be determined in the small sample system, and the prediction accuracy was improved. The proposed method was validated by using main hoisting mechanism of ladle crane. The results demonstrate that the proposed method can be applied to hoisting mechanism reliability assessment of ladle crane commendably, and the technique provides support and reference to improve the reliability of hoisting mechanism.