New Year's Eve 2014: Performances by Miley Cyrus, Ariana Grande (TV Schedule)

There will be an estimated million partygoers packing into New York's Times Square on New Year's Eve 2014 to watch the ball drop at midnight, and up to a billion more will see the iconic moment around the world on TV and online.

(Photo: Reuters/Carlo Allegri)Workers test the ball that will drop at midnight in Times Square, ahead of New Year's Eve celebrations in New York, December 30, 2013.

The famous New Year's ball drop takes 60 seconds, and this year will be activated by U.S. Supreme Court Associate Justice Sonia Sotomayor.

Sotomayor is of course a native of the Bronx, New York City, and was famously appointed to the U.S. Supreme Court in 2009 as the first Hispanic to ever take the role.

The Times Square official has stated: "We're excited to announce that Supreme Court Justice Sonia Sotomayor will help lower the Times Square New Year's Eve Ball at 11:59pm on December 31st.

"A native of the Bronx, Justice Sotomayor was appointed to the Supreme Court in 2009, and was the third woman and first Hispanic to be appointed to the highest court in the United States. She is an inspiration to New Yorkers everywhere, and we can't wait to have her join us."

Workers have been vigorously testing the mechanical Times Square ball in the days ahead of the big party so that no mishaps take place. On Dec. 29, special guest, The Amazing Spiderman, helped the official annual testing of the ball.

For those hoping to catch the Times Square New Year's Eve party, fireworks and ball drop online through free live stream, a link can be below.

This year, apps for Apple iOS and Google Android devices have been released as well so that tablet and smartphone users can download the apps to watch the New York celebrations live.

The Times Square Ball App is available by clicking on the following links for both:

 1) The Google Play Store; and

2) The Apple iTunes Store.

The specially designed app allows users to interact with the Times Square Ball through Twitter, and also watch the celebrations live. A New Year's countdown clock can also be set to whichever time zone you're in, with partygoers expected to join from across the nation and the world tonight.

This year's annual New Year's Rockin' Eve party will be hosted by Ryan Seacrest, and will feature live performances from Miley Cyrus, Ariana Grande, Jennifer Hudson among many others.

The New Year's Rockin' Eve party will air on ABC from 10 p.m. ET.