New York City Schools Chancellor David Banks will resign on October 16, weeks earlier than his previously announced departure at the end of the year. His decision follows a federal investigation involving multiple city officials, including a raid on his home where FBI agents seized cellphones. City Hall has stated that the leadership transition aims to provide stability for students and has expedited the appointment of incoming Chancellor Melissa Aviles-Ramos. Banks, who has led the nation's largest school system since Mayor Eric Adams took office, emphasized that his resignation is unrelated to the investigations. The announcement of his departure comes amid a series of resignations from other city officials, raising questions about the ongoing probes. Aviles-Ramos is expected to start immediately to implement her vision for the school system.