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Watch Stay: New York Governor Andrew Cuomo briefs the general public on the introduction of Covid vaccines

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New York Governor Andrew Cuomo will hold a press conference Wednesday on plans to distribute Covid-19 vaccines amid threats of further economic shutdown of the state.

Last week, Cuomo and New York Mayor Bill de Blasio noted that the state may close non-essential stores in some regions in January. For weeks, Cuomo has been saying he will put more restrictions in parts of the state where hospitals are so overwhelmed they can't care for every patient.

However, he has determined that it is up to New York residents to follow public health precautions to limit the spread of the coronavirus and avoid a shutdown.

"Of course, a shutdown in January is possible," said Cuomo last week. "But there is a big but," he said, spelling the word letter by letter, "B-U-T".

– CNBC's Noah Higgins-Dunn contributed to this report.

Read CNBC's live updates for the latest news on the Covid-19 outbreak.

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Steven Gregory