Spitzer will resign at 11:30 a.m. EDT

New York Gov. Eliot Spitzer has decided to resign, completing a stunning fall from power after he was nationally disgraced by links to a high-priced prostitution ring, a top state official said Wednesday.

Spitzer is scheduled to announce his resignation at 11:30 a.m., according to a second top Spitzer staffer. The officials spoke to The Associated Press on condition of anonymity because the announcement had not yet been made.

Spitzer would be replaced by Lt. Gov. David Paterson, who will become New York’s first black governor.

The scandal erupted Monday when allegations surfaced that Spitzer, a 48-year-old married man with three teenage daughters, spent thousands of dollars on a call girl named Kristen at a swanky Washington hotel on the night before Valentine’s Day.

“I have acted in a way that violates my obligations to my family and violates my — or any — sense of right and wrong,” the governor said at a news conference with his wife, Silda, at his side. “I apologize to the public, whom I promised better.”