Free travel will be in place for certain periods for revellers keen to see in the new year in central London.
The scheme hopes to reduce delays and congestion as thousands gather to see in 2011 in the City.
Peter Hendy, London Transport Commissioner, said those travelling should expect delays and large crowds.
"The New Year's Eve fireworks display that takes place at the London Eye provides spectacular entertainment and is enormously popular, attracting large crowds that should be prepared for a long wait at the designated viewing areas along the Thames," he said.
"As a result people with young children may wish to consider celebrating nearer to home.
"For those wishing to brave the crowds and long waiting times, public transport will be the best way to get around the capital on New Year's Eve, and I'm pleased we can offer this for free, but I urge revellers to plan their journeys well in advance."
There will be free travel on all journeys between 11.45pm until 4.30am on the Tube, DLR, buses and trams.
Tube, DLR and tram services will run all night on New Year's Eve.
Some selected Tube stations will be closed completely or for periods at a time.
A Saturday night service will operate on night buses and 24-hour routes, subject to road closures in central London.
More than 50 extra routes will be operating through the night to enhance the service.
Free travel will apply on London Overground trains running after 11.45pm until normal last train times between Watford Junction and Euston, and Dalston Junction and West Croydon/Crystal Palace/New Cross route, but services will not run all night.
London River Services will run a normal service however after 2.30pm, London Eye Millenium pier will not be served due to preparation for the fireworks display.
Some routes will operate on New Year's Day, but a normal service will not resume until January 2.
Some Barclays Cycle Hire docking stations will be temporarily suspended for safety reasons at various times on New Year's Eve.
For the latest information on docking station availability, users should check online.
There will be a reduced number of UK coaches departing from Victoria Coach Station with the last coaches leaving at around 10pm.
National Rail will operate modified timetables with additional departures between midnight and 2.45am.
Normal rail fares will apply.
For the full travel guide visit www.tfl.gov.uk
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