It had by Saturday evening garnered almost 261,000 online signatures.
In response to the petition,Sydney lord mayor Clover Moore on December 10 said the fireworks were planned 15 months in advance and couldn't be canned.
She said the display generates $130 million for the NSW economy.
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The City of Sydney celebrations - expected to attract one million people to the harbour foreshore - will top last year's Harbour Bridge display with 1100 additional firework effects lighting up the arches.
More than 100,000 pyrotechnic effects will feature in the celebrations and letters spelling out Sydney will fall from the bridge as midnight nears.
Authorities,meanwhile,have urged Sydney revellers to plan ahead and act responsibly on December 31 amid forecast hot weather.