diff --git a/build.yaml b/build.yaml
index 12d7f855de7e8bb2ff057003882a8ef939c26c14..d725ff389057b12a0e908ca36d4d560f73c8de32 100644
--- a/build.yaml
+++ b/build.yaml
@@ -7,6 +7,7 @@ settings:
   '#3': Use "-preN" suffixes to identify pre-release versions
   '#4': Per-language overrides are possible with (eg) ruby_version tag here
   '#5': See the expand_version.py for all the quirks here
+  python_version: 1.0.2
   version: 1.0.1
 filegroups:
 - name: census
diff --git a/src/python/grpcio/grpc_version.py b/src/python/grpcio/grpc_version.py
index 5e35a7770de29e04eef91ef28214619acd87d545..219045a721d891e4025d08b611df99b4cd512e19 100644
--- a/src/python/grpcio/grpc_version.py
+++ b/src/python/grpcio/grpc_version.py
@@ -29,4 +29,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio/grpc_version.py.template`!!!
 
-VERSION='1.0.1'
+VERSION='1.0.2'
diff --git a/src/python/grpcio_health_checking/grpc_version.py b/src/python/grpcio_health_checking/grpc_version.py
index 14cb881237c5d1fbfcb13a58ffa6f7def5f97a9f..4cb8c3d82a55be7686cb762ea5a17cfc0ec6d751 100644
--- a/src/python/grpcio_health_checking/grpc_version.py
+++ b/src/python/grpcio_health_checking/grpc_version.py
@@ -29,4 +29,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_health_checking/grpc_version.py.template`!!!
 
-VERSION='1.0.1'
+VERSION='1.0.2'
diff --git a/src/python/grpcio_tests/grpc_version.py b/src/python/grpcio_tests/grpc_version.py
index 0f39afb37f58229b160b095d432677331c213c3b..66b0398c7ab7633275a7d03af2b037780bb79e19 100644
--- a/src/python/grpcio_tests/grpc_version.py
+++ b/src/python/grpcio_tests/grpc_version.py
@@ -29,4 +29,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/src/python/grpcio_tests/grpc_version.py.template`!!!
 
-VERSION='1.0.1'
+VERSION='1.0.2'
diff --git a/tools/distrib/python/grpcio_tools/grpc_version.py b/tools/distrib/python/grpcio_tools/grpc_version.py
index 4f7fe9d587497a9b33b615efabeff56fe063a4a8..6dd6fae0d71b4d5f8d166af51373cb2d4da1fe51 100644
--- a/tools/distrib/python/grpcio_tools/grpc_version.py
+++ b/tools/distrib/python/grpcio_tools/grpc_version.py
@@ -29,4 +29,4 @@
 
 # AUTO-GENERATED FROM `$REPO_ROOT/templates/tools/distrib/python/grpcio_tools/grpc_version.py.template`!!!
 
-VERSION='1.0.1'
+VERSION='1.0.2'