The NSW Labor party will not rebuild either the Sydney Football Stadium at Moore Park or proceed with an $800 million upgrade to ANZ Stadium at Sydney Olympic Park if it wins government at the March election.

Labor leader Michael Daley said that, as premier, he would scrap the entirety of the $1.5 billion earmarked for the stadiums by the Berejiklian government, and instead invest it in schools and hospitals.

NSW Labor leader Michael Daley speaks to the media outside Allianz Stadium on Monday. Credit:AAP

Planning approval for the demolition of Allianz Stadium at Moore Park is expected within days, and is likely to be followed by the signing of a contract to demolish the stadium.

Mr Daley's policy is clearer in its intention than that offered by his predecessor as Labor leader, Luke Foley. In March, Mr Foley indicated Labor might support the refurbishment of ANZ, while always opposing the proposal for a new stadium at Moore Park.