Which annual New Year's Eve event in New York City features a midnight confetti release in Times Square?

Times Square New Year’s Eve is the annual New York City event that features a midnight confetti release in Times Square.

The celebration is centered on the illuminated ball’s descent from One Times Square, but confetti is also released over the crowd at midnight. The paper release is part of the event’s visual spectacle and carries written wishes submitted by people around the world in some years.

The first Times Square ball drop took place on December 31, 1907, for the arrival of 1908. The tradition replaced earlier fireworks used to signal midnight and continued through changing ball designs, event technology, and broadcasting formats. The location was originally known as Longacre Square before being renamed Times Square in 1904.

The ball drop and the confetti release are related but distinct features. The question is not asking for the name of the illuminated object itself: it identifies the broader annual event held in New York City.