At city council hearing, DOT Commissioner Sadik-Khan announces that Citi Bike will launch on May 27.

— Streetsblog New York (@StreetsblogNYC) May 9, 2013

It’s official. America’s largest public bike system will launch Monday, May 27, DOT Commissioner Janette Sadik-Khan announced at a City Council transportation committee hearing this morning. According to the Citi Bike twitter feed, the first week of service will be available for annual members only, then on June 2 weekly and daily passes will go on sale. (Here’s a look at the initial system map and the pricing structure, if you need a refresher.)

So in less than three weeks, the wait will be over. The empty-dock phase will give way to the real transportation system phase, and New Yorkers will see what bike-share is all about.

We’ll fill in any additional details about today’s announcement as they become available.

Update: To get a member key in time for launch day, you need to sign up by May 17. In a statement, Sadik-Khan said that more than 8,000 annual members have signed up so far.