diff --git a/CHANGELOG.md b/CHANGELOG.md
index 01f68f8f3..b761399ff 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [1.124.2](https://github.com/googleapis/java-pubsub/compare/v1.124.1...v1.124.2) (2023-08-15)
+
+
+### Bug Fixes
+
+* Update Publish retry backoff settings ([#1686](https://github.com/googleapis/java-pubsub/issues/1686)) ([63a74d9](https://github.com/googleapis/java-pubsub/commit/63a74d98fdee56a98819d135a676a67fcc24961a))
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-bigquery to v2.31.1 ([#1697](https://github.com/googleapis/java-pubsub/issues/1697)) ([9e90790](https://github.com/googleapis/java-pubsub/commit/9e907901e0f5f78adfffb3e61974e9f8fd756f96))
+* Update dependency org.graalvm.buildtools:junit-platform-native to v0.9.24 ([#1695](https://github.com/googleapis/java-pubsub/issues/1695)) ([ec64036](https://github.com/googleapis/java-pubsub/commit/ec640361a471111001f22667fa7e38123b731025))
+* Update dependency org.graalvm.buildtools:native-maven-plugin to v0.9.24 ([#1696](https://github.com/googleapis/java-pubsub/issues/1696)) ([cc9ae19](https://github.com/googleapis/java-pubsub/commit/cc9ae19865c0ece3789a8c2fa22afb5fbd306dc9))
+
 ## [1.124.1](https://github.com/googleapis/java-pubsub/compare/v1.124.0...v1.124.1) (2023-08-03)
 
 
diff --git a/google-cloud-pubsub-bom/pom.xml b/google-cloud-pubsub-bom/pom.xml
index 3e575aa7c..8dd339872 100644
--- a/google-cloud-pubsub-bom/pom.xml
+++ b/google-cloud-pubsub-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub-bom</artifactId>
-  <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -52,17 +52,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsub</artifactId>
-        <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+        <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-        <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+        <version>1.106.2</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-        <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+        <version>1.106.2</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-pubsub/pom.xml b/google-cloud-pubsub/pom.xml
index 67e745044..f1b9a7215 100644
--- a/google-cloud-pubsub/pom.xml
+++ b/google-cloud-pubsub/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub</artifactId>
-  <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Pub/Sub</name>
   <url>https://github.com/googleapis/java-pubsub</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-pubsub</site.installationModule>
diff --git a/grpc-google-cloud-pubsub-v1/pom.xml b/grpc-google-cloud-pubsub-v1/pom.xml
index 26b4e370c..5bcd56d0b 100644
--- a/grpc-google-cloud-pubsub-v1/pom.xml
+++ b/grpc-google-cloud-pubsub-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-  <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+  <version>1.106.2</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
   <name>grpc-google-cloud-pubsub-v1</name>
   <description>GRPC library for grpc-google-cloud-pubsub-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 71ffc6c30..1ab8bea9a 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <name>Google Cloud Pub/Sub Parent</name>
   <url>https://github.com/googleapis/java-pubsub</url>
   <description>
@@ -69,17 +69,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-        <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+        <version>1.106.2</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-        <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+        <version>1.106.2</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsub</artifactId>
-        <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+        <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
       </dependency>
 
       <!-- Test dependencies -->
diff --git a/proto-google-cloud-pubsub-v1/pom.xml b/proto-google-cloud-pubsub-v1/pom.xml
index 6497b298e..24a5f7485 100644
--- a/proto-google-cloud-pubsub-v1/pom.xml
+++ b/proto-google-cloud-pubsub-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-  <version>1.106.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+  <version>1.106.2</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
   <name>proto-google-cloud-pubsub-v1</name>
   <description>PROTO library for proto-google-cloud-pubsub-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.124.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.124.2</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index 36904fae8..444548334 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -43,7 +43,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-pubsub</artifactId>
-      <version>1.124.2-SNAPSHOT</version>
+      <version>1.124.2</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index 680405883..9aa77eed5 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-pubsub:1.124.1:1.124.2-SNAPSHOT
-grpc-google-cloud-pubsub-v1:1.106.1:1.106.2-SNAPSHOT
-proto-google-cloud-pubsub-v1:1.106.1:1.106.2-SNAPSHOT
+google-cloud-pubsub:1.124.2:1.124.2
+grpc-google-cloud-pubsub-v1:1.106.2:1.106.2
+proto-google-cloud-pubsub-v1:1.106.2:1.106.2