Tel Aviv has signaled no change in its ties with the Palestinian National Authority after the Palestinian Liberation Organization (PLO) announced the end of its security cooperation with Israel.

Israel has said that its ties with the Palestinian National Authority remain unabated, a day after the Palestinian Liberation Organization decided to scrap cooperation with Tel Aviv, sources said.

On Thursday, the PLO's Central Council said that its move follows Israel's decision to withhold the tax revenue it collects on behalf of the Palestinian National Authority, totaling 127 million dollars per month, after Palestinian President Mahmoud Abbas applied to join the International Criminal Court and pursue war crime charges against Israel.

Meanwhile, a source close to President Abbas has said that the PLO's decision was just a recommendation, and that Abbas is due to issue a presidential order on the end of bilateral security cooperation.

Abbas has repeatedly said that security collaboration with Israel would remain in place irrespective of differences with the Israeli government.

For his part, US Secretary of State John Kerry warned that the possibility of the Palestinian government cutting security cooperation with Israel was still real and was fraught with grave consequences in Israel and beyond.

The security cooperation, which was set up under the 1993 Oslo Accords, established the Palestinian National Authority and includes the sharing of intelligence, which helps Israel keep a watchful eye on Hamas.