"I want to thank all the partners we work with in government, in City Hall and across London. And I want to thank the public for the support they show the Met, and have shown me personally, as we do our difficult jobs," Hogan-Howe was quoted as saying by the MPS press service.
The head of Police added that he came to this position with an aim "to fight crime and make the MPS the best, most professional police service."
Sir Bernard Hogan-Howe has served as the police commissioner for five years. While in office, he faced London riots in 2011, ensured safety of 2012 Olympics and was involved in combating international terrorism.
In 2013, Hogan-Howe was knighted for services to policing in the New Year Honours.
Hogan-Howe's successor will be appointed in February 2017 by Home Secretary Amber Rudd and London Mayor Sadiq Khan.