diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1b9731451..dc948dcd8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [2.20.1](https://github.com/googleapis/gax-java/compare/v2.20.0...v2.20.1) (2022-12-02)
+
+
+### Bug Fixes
+
+* **deps:** Update dependency com.google.api.grpc:grpc-google-common-protos to v2.11.0 ([#1906](https://github.com/googleapis/gax-java/issues/1906)) ([d27d848](https://github.com/googleapis/gax-java/commit/d27d8485d3da4de00253c1f5df435516d1af8d8e))
+* **deps:** Update dependency com.google.api.grpc:proto-google-common-protos to v2.11.0 ([#1907](https://github.com/googleapis/gax-java/issues/1907)) ([7504e37](https://github.com/googleapis/gax-java/commit/7504e37163d39d10bd8388101e9ce614e2839aca))
+* **deps:** Update dependency com.google.cloud:google-cloud-shared-config to v1.5.5 ([#1911](https://github.com/googleapis/gax-java/issues/1911)) ([772c221](https://github.com/googleapis/gax-java/commit/772c2213dfa10120b6efccf411550e77df3f9de7))
+* **deps:** Update dependency com.google.protobuf:protobuf-bom to v3.21.10 ([#1912](https://github.com/googleapis/gax-java/issues/1912)) ([f508f24](https://github.com/googleapis/gax-java/commit/f508f245a59b2086c4b56d55f0cb25e9e7c29136))
+* Watchdog controls lifecycle of the future, not executor ([#1890](https://github.com/googleapis/gax-java/issues/1890)) ([bd1714e](https://github.com/googleapis/gax-java/commit/bd1714e484eef8aa8f09632eee976c9da26da5f1))
+
 ## [2.20.0](https://github.com/googleapis/gax-java/compare/v2.19.5...v2.20.0) (2022-11-30)
 
 
diff --git a/build.gradle b/build.gradle
index df65dcc43..9fd95105b 100644
--- a/build.gradle
+++ b/build.gradle
@@ -13,7 +13,7 @@ plugins {
 }
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "2.20.1-SNAPSHOT" // {x-version-update:gax:current}
+project.version = "2.20.1" // {x-version-update:gax:current}
 
 allprojects {
   group = 'com.google.api'
diff --git a/dependencies.properties b/dependencies.properties
index 8aa69e0a1..a9c319bda 100644
--- a/dependencies.properties
+++ b/dependencies.properties
@@ -8,16 +8,16 @@
 
 # Versions of oneself
 # {x-version-update-start:gax:current}
-version.gax=2.20.1-SNAPSHOT
+version.gax=2.20.1
 # {x-version-update-end}
 # {x-version-update-start:gax:current}
-version.gax_grpc=2.20.1-SNAPSHOT
+version.gax_grpc=2.20.1
 # {x-version-update-end}
 # {x-version-update-start:gax:current}
-version.gax_bom=2.20.1-SNAPSHOT
+version.gax_bom=2.20.1
 # {x-version-update-end}
 # {x-version-update-start:gax-httpjson:current}
-version.gax_httpjson=0.105.1-SNAPSHOT
+version.gax_httpjson=0.105.1
 # {x-version-update-end}
 
 # Versions for dependencies which actual artifacts differ between Bazel and Gradle.
diff --git a/gax-bom/build.gradle b/gax-bom/build.gradle
index b0cb7cad6..6dfd30ff5 100644
--- a/gax-bom/build.gradle
+++ b/gax-bom/build.gradle
@@ -5,7 +5,7 @@ plugins {
 
 archivesBaseName = 'gax-bom'
 
-project.version = "2.20.1-SNAPSHOT" // {x-version-update:gax-bom:current}
+project.version = "2.20.1" // {x-version-update:gax-bom:current}
 
 def mavenJavaDir = "$buildDir/publications/mavenJava"
 def mavenJavaBomOutputFile = file(mavenJavaDir + '/pom-default.xml')
diff --git a/gax-bom/pom.xml b/gax-bom/pom.xml
index 4c04babfd..1681cf4f9 100644
--- a/gax-bom/pom.xml
+++ b/gax-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api</groupId>
   <artifactId>gax-bom</artifactId>
-  <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax-bom:current} -->
+  <version>2.20.1</version><!-- {x-version-update:gax-bom:current} -->
   <packaging>pom</packaging>
   <name>GAX (Google Api eXtensions) for Java (BOM)</name>
   <description>Google Api eXtensions for Java (BOM)</description>
@@ -42,34 +42,34 @@
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+        <version>2.20.1</version><!-- {x-version-update:gax:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+        <version>2.20.1</version><!-- {x-version-update:gax:current} -->
         <classifier>testlib</classifier>
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-grpc</artifactId>
-        <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+        <version>2.20.1</version><!-- {x-version-update:gax-grpc:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-grpc</artifactId>
-        <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+        <version>2.20.1</version><!-- {x-version-update:gax-grpc:current} -->
         <classifier>testlib</classifier>
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-httpjson</artifactId>
-        <version>0.105.1-SNAPSHOT</version><!-- {x-version-update:gax-httpjson:current} -->
+        <version>0.105.1</version><!-- {x-version-update:gax-httpjson:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-httpjson</artifactId>
-        <version>0.105.1-SNAPSHOT</version><!-- {x-version-update:gax-httpjson:current} -->
+        <version>0.105.1</version><!-- {x-version-update:gax-httpjson:current} -->
         <classifier>testlib</classifier>
       </dependency>
     </dependencies>
diff --git a/gax-grpc/build.gradle b/gax-grpc/build.gradle
index b1232d32d..5c5c86807 100644
--- a/gax-grpc/build.gradle
+++ b/gax-grpc/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = 'gax-grpc'
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "2.20.1-SNAPSHOT" // {x-version-update:gax-grpc:current}
+project.version = "2.20.1" // {x-version-update:gax-grpc:current}
 
 dependencies {
   api(project(':gax'),
diff --git a/gax-grpc/pom.xml b/gax-grpc/pom.xml
index 8aab328f3..ad7addccd 100644
--- a/gax-grpc/pom.xml
+++ b/gax-grpc/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
 
   <artifactId>gax-grpc</artifactId>
-  <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+  <version>2.20.1</version><!-- {x-version-update:gax-grpc:current} -->
   <packaging>jar</packaging>
   <name>GAX (Google Api eXtensions) for Java (gRPC)</name>
   <description>Google Api eXtensions for Java (gRPC)</description>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.api</groupId>
     <artifactId>gax-parent</artifactId>
-    <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+    <version>2.20.1</version><!-- {x-version-update:gax:current} -->
   </parent>
 
   <dependencies>
diff --git a/gax-httpjson/build.gradle b/gax-httpjson/build.gradle
index 06853d61e..d16bf0fed 100644
--- a/gax-httpjson/build.gradle
+++ b/gax-httpjson/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = 'gax-httpjson'
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "0.105.1-SNAPSHOT" // {x-version-update:gax-httpjson:current}
+project.version = "0.105.1" // {x-version-update:gax-httpjson:current}
 
 dependencies {
   api(project(':gax'),
diff --git a/gax-httpjson/pom.xml b/gax-httpjson/pom.xml
index 505d57752..32fcdc5f1 100644
--- a/gax-httpjson/pom.xml
+++ b/gax-httpjson/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
 
   <artifactId>gax-httpjson</artifactId>
-  <version>0.105.1-SNAPSHOT</version> <!-- {x-version-update:gax-httpjson:current} -->
+  <version>0.105.1</version> <!-- {x-version-update:gax-httpjson:current} -->
   <packaging>jar</packaging>
   <name>GAX (Google Api eXtensions) for Java (HTTP JSON)</name>
   <description>Google Api eXtensions for Java (HTTP JSON)</description>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.api</groupId>
     <artifactId>gax-parent</artifactId>
-    <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+    <version>2.20.1</version><!-- {x-version-update:gax:current} -->
   </parent>
 
   <properties>
diff --git a/gax/build.gradle b/gax/build.gradle
index 0dd58c56b..f92a8cf9f 100644
--- a/gax/build.gradle
+++ b/gax/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = "gax"
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "2.20.1-SNAPSHOT" // {x-version-update:gax:current}
+project.version = "2.20.1" // {x-version-update:gax:current}
 
 dependencies {
   api(libraries['maven.com_google_api_api_common'],
diff --git a/gax/pom.xml b/gax/pom.xml
index 09c144058..09f587cb3 100644
--- a/gax/pom.xml
+++ b/gax/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
 
   <artifactId>gax</artifactId>
-  <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+  <version>2.20.1</version><!-- {x-version-update:gax:current} -->
   <packaging>jar</packaging>
   <name>GAX (Google Api eXtensions) for Java (Core)</name>
   <description>Google Api eXtensions for Java (Core)</description>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.api</groupId>
     <artifactId>gax-parent</artifactId>
-    <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+    <version>2.20.1</version><!-- {x-version-update:gax:current} -->
   </parent>
 
   <dependencies>
diff --git a/pom.xml b/pom.xml
index 2b63c0dd4..1d9d752b1 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.api</groupId>
   <artifactId>gax-parent</artifactId>
   <packaging>pom</packaging>
-  <version>2.20.1-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+  <version>2.20.1</version><!-- {x-version-update:gax:current} -->
   <name>GAX (Google Api eXtensions) for Java (Parent)</name>
   <url>https://github.com/googleapis/gax-java</url>
   <description>Google Api eXtensions for Java (Parent)</description>
@@ -123,12 +123,12 @@
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>2.20.1-SNAPSHOT</version> <!-- {x-version-update:gax:current} -->
+        <version>2.20.1</version> <!-- {x-version-update:gax:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>2.20.1-SNAPSHOT</version> <!-- {x-version-update:gax:current} -->
+        <version>2.20.1</version> <!-- {x-version-update:gax:current} -->
         <type>test-jar</type>
         <classifier>testlib</classifier>
       </dependency>
diff --git a/versions.txt b/versions.txt
index 0824165f1..35a770fde 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,7 +1,7 @@
 # Format:
 # module:released-version:current-version
 
-gax:2.20.0:2.20.1-SNAPSHOT
-gax-bom:2.20.0:2.20.1-SNAPSHOT
-gax-grpc:2.20.0:2.20.1-SNAPSHOT
-gax-httpjson:0.105.0:0.105.1-SNAPSHOT
+gax:2.20.1:2.20.1
+gax-bom:2.20.1:2.20.1
+gax-grpc:2.20.1:2.20.1
+gax-httpjson:0.105.1:0.105.1