**UPDATE**
Lil Wayne has just pled guilty to attempted weapon possession in New York.
Wayne was busted on July 22, 2007 in NYC after police pulled over his tour bus because they allegedly smelled pot.
Cops say when an officer approached the bus, Wayne tossed a Louis Vuitton bag with a gun inside.
New York is known for having extremely tough gun laws -- Wayne is expecting to get 1-year behind bars.
Wayne's troubles are far from over.
The rapper still faces felony drug possession and weapons charges in Arizona ... after cops found 105 grams of marijuana, 29 grams of cocaine, 41 grams of ecstasy, various drug paraphernalia and a handgun on his tour bus during a traffic stop in Yuma County back in 2008.
Wayne pled not guilty to those charges -- his trial is set for March of 2010.
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Lil Wayne will be forced to plead out to a jail term in New York City on Thursday, according to sources with AllHipHop.com.
'They told him that if he doesn't plead tomorrow, it will go to trial and then he faces a far longer jail term,' the source continued...
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