diff --git a/PendingReleaseNotes.md b/PendingReleaseNotes.md
index a77eb58d4..ade3a3e70 100644
--- a/PendingReleaseNotes.md
+++ b/PendingReleaseNotes.md
@@ -4,13 +4,4 @@
 
 ## Features
 
-- deploy: podSecurityContexts can be configured for ceph-csi-cephfs chart in [PR](https://github.com/ceph/ceph-csi/pull/4664).
-- deploy: podSecurityContexts can be configured for ceph-csi-rbd chart in [PR](https://github.com/ceph/ceph-csi/pull/4668)
-- deploy: instanceID can be optionally configured for ceph-csi charts in [PR](https://github.com/ceph/ceph-csi/pull/4666)
-- rbd: add support for flattenMode option for replication in [PR](https://github.com/ceph/ceph-csi/pull/4678)
-- cephfs: support omap data store in radosnamespace via cli argument in [PR](https://github.com/ceph/ceph-csi/pull/4652)
-- deploy: radosNamespaceCephFS can be configured for ceph-csi-cephfs chart in [PR](https://github.com/ceph/ceph-csi/pull/4652)
-- build: update ceph release to squid in [PR](https://github.com/ceph/ceph-csi/pull/4735)
-- build: CentOS Stream 9 is used as OS in the container-images [PR](https://github.com/ceph/ceph-csi/pull/4735)
-
 ## NOTE
diff --git a/build.env b/build.env
index 2ccc79324..a61347800 100644
--- a/build.env
+++ b/build.env
@@ -9,7 +9,7 @@
 # get proporly expanded.
 #
 # cephcsi image version
-CSI_IMAGE_VERSION=canary
+CSI_IMAGE_VERSION=v3.12.0
 
 # cephcsi upgrade version
 CSI_UPGRADE_VERSION=v3.11.0
diff --git a/charts/ceph-csi-cephfs/values.yaml b/charts/ceph-csi-cephfs/values.yaml
index f2cc91b25..2e604f14a 100644
--- a/charts/ceph-csi-cephfs/values.yaml
+++ b/charts/ceph-csi-cephfs/values.yaml
@@ -117,7 +117,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: canary
+      tag: v3.12.0
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/charts/ceph-csi-rbd/values.yaml b/charts/ceph-csi-rbd/values.yaml
index 4ec49deee..bd05749a6 100644
--- a/charts/ceph-csi-rbd/values.yaml
+++ b/charts/ceph-csi-rbd/values.yaml
@@ -146,7 +146,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: canary
+      tag: v3.12.0
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
index 6685b16cf..ac75e778c 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
@@ -43,8 +43,7 @@ spec:
       priorityClassName: system-cluster-critical
       containers:
         - name: csi-cephfsplugin
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -143,7 +142,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
index f609df6a5..0b1bf737a 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
@@ -26,8 +26,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -125,7 +124,7 @@ spec:
           securityContext:
             privileged: true
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml b/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
index 37e0fc4ba..7d7a3a1e3 100644
--- a/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
+++ b/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
@@ -40,8 +40,7 @@ spec:
               topologyKey: "kubernetes.io/hostname"
       containers:
         - name: csi-nfsplugin
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=nfs"
@@ -121,7 +120,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/nfs/kubernetes/csi-nfsplugin.yaml b/deploy/nfs/kubernetes/csi-nfsplugin.yaml
index e6c138eff..8bbfe258b 100644
--- a/deploy/nfs/kubernetes/csi-nfsplugin.yaml
+++ b/deploy/nfs/kubernetes/csi-nfsplugin.yaml
@@ -26,8 +26,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=nfs"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
index 77e44da8d..a498fb56f 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
@@ -47,8 +47,7 @@ spec:
       priorityClassName: system-cluster-critical
       containers:
         - name: csi-rbdplugin
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -172,8 +171,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: csi-rbdplugin-controller
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=controller"
             - "--v=5"
@@ -194,7 +192,7 @@ spec:
             - name: ceph-config
               mountPath: /etc/ceph/
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin.yaml b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
index 0d3dd57c6..6f5b4d182 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
@@ -28,8 +28,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--nodeid=$(NODE_ID)"
             - "--pluginpath=/var/lib/kubelet/plugins"
@@ -135,7 +134,7 @@ spec:
           securityContext:
             privileged: true
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:canary
+          image: quay.io/cephcsi/cephcsi:v3.12.0
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"