Rapper Lil Wayne [click to read] pleaded guilty in a New York City court this morning to criminal gun possession. The Cash Money Records multi-platinum superstar’s charges date back to a July 2007 arrest in Manhattan’s Columbus Circle. At the time, the rapper’s tour bus was reported stopped by New York Police Department officers for suspicion of drug-use after smoke was visible. Upon police search, Wayne reportedly put a pistol in a Louis Vuitton bag and attempted to remove the evidence from the scene.

As a result of the plea, the New York Post [click here] reports that Wayne will have to serve a one-year sentence behind bars. The specifics will come at a 2010 trial date in a Manhattan Supreme Court.

In March, the top-selling rapper of 2008 will face gun charges from an unrelated incident in Arizona. Wayne has already entered a not guilty plea to that case.

Prior to his sentencing, Lil Wayne is expected to release several albums, including The Rebirth and Tha Carter IV.

will keep you updated.