NEW YORK (WABC) -- The MTA, state and local transportation officials and the Federal Highway Administration have just signed the final document needed to legally begin congestion pricing on Jan. 5. The document, called the Value Pricing Pilot Program, was the final hurdle before implementation of congestion pricing could begin.

The MTA board on Monday fast-tracked Gov. Kathy Hochul's plan to to finance mass transit with congestion pricing, rubber-stamping her plan to charge drivers a fee to enter Manhattan's Central Business District.

The Federal Highway Administration has approved NYC’s congestion pricing plan, set to begin January 5. Drivers entering Manhattan below 60th Street will pay a $9 toll, increasing to $12 by 2028 and $15 by 2031.