"I am resigning from the office of Governor. At Lieutenant Governor Paterson's request the resignation will be effective Monday, March 17, a date that believes will permit an orderly transition," Spitzer said Wednesday morning.
He's been secluded with family, attorneys and top advisors in his Manhattan apartment for three days after apologizing for what the Governor called "a private matter."
Once dubbed the "Sheriff of Wall Street", investigators say the 48-year-old Democrat was clearly a repeat customer who spent thousands of dollars with a high-priced prostitution service for an extended period of time.
State Republicans issued a 48 hour warning for the Governor to resign or face impeachment.
The clock on that ultimatum would have run out tonight.
When Spitzer steps down, Lieutenant Governor David Paterson will be sworn in as New York's 55th Governor.
Legal questions are still looming about whether Governor Spitzer will face criminal charges.