Six yellow cab drivers have committed suicide since November.
They said the growth of ride-hailing apps has also worsened traffic congestion.
The legislation will now go before Mayor Bill de Blasio, also a Democrat, who is expected to sign it. And this action will stop the influx of cars contributing to the congestion grinding our streets to a halt.
Uber was fiercely opposed to the freeze in part because ride-hailing companies rely on a business model aimed at maximizing the number of available vehicles in an effort to reduce wait times for passengers.
Independent Drivers Guild founder Jim Conigliaro Jr. and Fox News contributor Liz Peek discuss New York's vote to cap the number of ride-sharing vehicles allowed in the city. Picture taken September 21, 2017. But critics said it will make it harder, and more expensive, to get around.
Bhairavi Desai, the executive director of the New York Taxi Workers Alliance, said the councils" vote set a precedent for the world as companies like Uber and Lyft use technological innovation "to return us to a time of sweated labor, destroying lives and livelihoods across the planet'.
In emails to almost 5 million New Yorkers last month, Uber said riders would face higher prices, longer wait times and less service in the city's outer suburbs by drivers. Those wage concerns aren't limited to taxi drivers, though - in fact, the New York Times reports that almost 40 percent of the city's ride-hailing drivers qualify for Medicaid because their take-home wages are that low.
"The City's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion", she said, adding that the company would work "to pass real solutions like comprehensive congestion pricing". By passing the proposal, NY becomes the first city in the country to impose these limitations.
Last month Uber's CEO and Lyft's president both addressed the traffic congestion complaints at a technology conference in Aspen, Colorado.
Gold said the outstanding 40,000 licenses belong to black auto and livery drivers, workers Uber will aim to recruit.