Nov. 5 (Bloomberg) -- New York City will celebrate the Yankees’ record-extending World Series win over the Philadelphia Phillies with a ticker-tape parade tomorrow in Manhattan.

The procession will begin on Broadway at Battery Place at 11 a.m. local time and continue through the financial district, an area known as the Canyon of Heroes. Mayor Michael Bloomberg will present keys to the city to the team during a ceremony in City Hall Plaza, city officials said.

“What’s sweeter than a World Series won at home?” Bloomberg said in a statement. “The only thing that comes close is a ticker-tape parade up the Canyon of Heroes and that’s exactly what New Yorkers will get on Friday.”

The sidewalks along Broadway from Battery Place to City Hall will be open to the public and a large screen near City Hall Park will televise the ceremony.

Five-hundred tickets will be available for the public to attend the ceremony tomorrow at 1 p.m. at City Hall Plaza, where the mayor will present the Yankees with a key to the city, Bloomberg’s office said in a press release.

The ticket giveaway will be held from 2 p.m. to 4 p.m. today by calling 311 and selecting the Parade Giveaway menu option, or at http://www.nyc.gov/parade. People also will be able to access the entry form through the mayoral Twitter page, http://twitter.com/NYCMayorsOffice.

More than 200 ticker-tape parades have been held in the Canyon of Heroes since 1896, with honorees including the New York Giants, New York Mets, Charles Lindbergh and Dwight Eisenhower, according to the Downtown Alliance. The last parade was held in February 2008 after the Giants beat the New England Patriots in the National Football League’s Super Bowl.

The Yankees beat the defending champion Phillies 7-3 last night at Yankee Stadium to win their 27th Major League Baseball championship in six games.

Mayoral Wager

Bloomberg won his wager on the outcome of the World Series with Philadelphia Mayor Michael Nutter, who will travel to New York in a Yankees jersey to help Bloomberg with a volunteer project. The bet was sponsored by Publicolor, an organization that uses donated paint and volunteers to paint schools and community facilities.

“The Phillies were a tough team to beat, but I must admit I look forward to seeing Mayor Nutter in pinstripes as he joins me and some of our public schools students as we paint the Albert Einstein School in the Bronx,” Bloomberg said.

The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

To contact the reporters on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net and Curtis Eichelberger in Washington at ceichelberge@bloomberg.net

Last Updated: November 5, 2009 12:29 EST