The city will pay $98,000 in a settlement to five cyclists who alleged police wrongfully detained and used excessive force against them during a 2007 Critical Mass Ride in Times Square.

In a widely circulated Web video, one of the plaintiffs, Richard Vazquez, 55, is seen being pushed off his bike by police. Vazquez was arrested after running a red light and the officer who pushed him, Sgt. Timothy Horohoe, was charged separately by the Civilian Complaint Review Board for lying about the incident.

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The settlement “appropriately resolves this litigation,” city attorney Michael Gertzer said Tuesday in a statement.

Vazquez, however, said, “there will be no real justice until the higher-ups in the NYPD are held accountable for their actions.”