The late Oscar De La Renta is to have a street named after him in New York.

The legendary designer - who passed away aged 82 in October last year - will have the road named in his honour, New York City Mayor Bill de Blasio announced at Made Fashion Week in Manhattan earlier this week.

The mayor said the designer had been a ''giant of the industry'' and added that ''no one is more deserving than him of that'', reports.

A bill has been passed to rename a total of 56 thoroughfares and public places in the city although it does not specify where the street named after the fashion icon will be located.

However, focusing on Oscar's passion and legacy, de Blasio added that ''he will forever be ingrained in the fabric of the city''.

In addition to the touching tribute to the designer - who is believed to have died after suffering complications from cancer - the mayor also announced that the government will be tripling its $5million commitment to the Made in New York fund, which was designed to benefit the city's fashion industry.

de Blasio - who was joined by his wife Chirlane McCray at the event - went on to thank the industry for providing NYC with $2billion in tax revenue and for providing approximately 180,000 people with $11billion in wages.

He went on to quote de la Renta, saying: ''The great thing about fashion is that it always looks forward.''