The clock is ticking for the state Legislature to vote on Mayor Michael Bloomberg?s (I-NYC) congestion pricing plan.

The bill is designed to charge drivers to enter busy parts of Manhattan. The Senate is expected to approve a revised version of the bill on Monday. However, the Assembly may not pass the bill. An approval is needed on Monday to qualify for $500 million in federal transportation funding for the city.

The legislation calls for a commission to make recommendations on how revenue from the plan would be allocated and a study of the plan?s impact.

Bloomberg says the plan will help ease traffic and will benefit the environment. The congestion pricing plan would charge cars $8 and trucks $21 to enter parts of Manhattan during peak hours.Related Information Compromise possible in congestion pricing plan Report blasts mayor's congestion pricing plan