Today, Michelin released The Michelin Guide 2010 New York City Restaurants, with five establishments receiving three stars, its highest rating. The top rated restaurants include Daniel, Jean Georges (above), Le Bernardin, Masa and Per Se.

There were six restaurants earning two stars and 44 restaurants that earned one star. Three stars represents "exception cuisine, worth a special journey" while two stars is for "excellent cuisine, worth a detour". One star, which is still an excellent rating, is defined as "a very good restaurant in its category".

To rate restaurants and hotels around the world, Michelin employs a rigorous selection process that is applied independently and consistently. Indeed, in each of the 23 countries where it inspects restaurants and hotels, the selections are made by anonymous, professional inspectors who are Michelin employees. The inspectors pay all their bills in full.

While the Michelin Guide is known around the world for its famous stars, these restaurant account for just 10% of the selection in the New York City guide. The guide also includes a wide diversity of establishments, and includes small restaurants that offer a high-quality dining experience at an affordable price.

One useful section features "Inspectors' Favorites for Good Value", including a total of 85 affordable restaurants that offer two dishes, and a glass of wine or dessert for $40 or less. There is also a list of 109 restaurants selected by its experts that offer a meal under $25.

"The Michelin Guide has long been respected and the stars are what people love to talk about in the culinary world," says Jean-Luc Naret, director of the Michelin Guides. "But the Guide is so much more. It's filled with a year's worth of notes from the team of inspectors who set out to ensure the Michelin Guide provides an excellent mix of what readers truly want--a wonderful dining recommendation from trusted experts."

The Michelin Guide New York City 2010 is the fifth edition since Michelin began reviewing restaurants in New York. Its cover price is $17.95.