The New York City has agreed to pay a compensation of about $657.5 million to people who worked at the Ground Zero and ended up getting injuries and other ailments.

The lawyers of these plaintiffs said about 10,000 plaintiffs would be compensated depending upon the severity of their illnesses and the level of their exposure to contaminants at the World Trade Center site.

A meeting on Thursday took place between lawyers from both sides and Judge Alvin K. Hellerstein of the United States District Court for the Southern District of New York where terms of the settlement were discussed.

The payouts would come out of a federally financed insurance company that insures the city with funds of about $1.1 billion.

Marc Bern, a lawyer with a firm that represents more than 9,000 plaintiffs, said, “This is a good settlement, and we are gratified that these heroic men and women who performed their duties without consideration of the health implications will finally receive the compensation. This would happen just as the U. S. Congress intended when it appropriated this money.”

Mayor Michael R. Bloomberg said, “it was a fair and reasonable resolution to a complex set of circumstances.”