Sources tell News 12 that New York Gov. Kathy Hochul will announce a 40% reduction in New York's original congestion pricing plan.

Hochul is expected to announce the decision on Thursday during a news conference.

The plan would bring the toll price down from $15 to $9, a $1,500 yearly savings for commuters driving into New York City five days a week.

New Jersey officials have been expressing their concern about congestion pricing and have vowed to put a stop to it.

Hochul paused plans for congestion pricing this past summer but said earlier this week that she was planning on moving forward with the plan.