We sharpen the duality between open and closed topological string partition functions for topological gravity coupled to matter. The closed string partition function is a generalized Kontsevich matrix model in the large dimension limit. We integrate out off-diagonal degrees of freedom associated to one source eigenvalue, and find an open/closed topological string partition function, thus proving open/closed duality. We match the resulting open partition function to the generating function of intersection numbers on moduli spaces of Riemann surfaces with boundaries and boundary insertions. Moreover, we connect our work to the literature on a wave function of the KP integrable hierarchy and clarify the role of the extended Virasoro generators that include all time variables as well as the coupling to the open string observable.