Liberty Yellow Cab is calling off its plans to boycott the City of Buffalo on New Year's Eve.

Company owner Bill Yuhnke said that, because of intervention by State Sen. Chris Jacobs, he will allow his cab drivers to serve passengers in the City "in the interest of public safety."

The cab company had threatened to boycott the city on the busiest night of the year to signal Liberty's displeasure with what it considers to be unfair competition between the taxi industry and ride-sharing companies Uber and Lyft.

"I want to thank Senator Jacobs for stepping forward in this matter, and his call to continue the dialogue with the city to address our concerns about the unfair competitive environment that is threatening the future of the taxi industry," Yuhnke said in a press release.

He added that the company has been a fixture in the city for decades and, "true to our history, we want what's best for the community so I have decided to call off the planned boycott of the city on New Year's Eve."

The decision does not change the cab company's position on ride sharing, Yuhnke said, and they will continue to push city leaders to address what they say is an "unfair environment."