Ex-Mayor Philip Amicone will issue a public apology Wednesday to Sam Zherka, publisher of the Westchester Guardian and co-owner of a Manhattan strip club.
Amicone had called Zherka a thug and convicted drug dealer.
Now, Amicone will take it all back.
The Yonkers City Council will pay $100,000 to end a lawsuit filed by Zherka.
Amicone, whose legal defense was funded by the city, won't be financially liable - even though he was the suit's main target.
He is due to apologize at City Hall at 11 a.m.