diff --git a/CHANGELOG.md b/CHANGELOG.md
index 555942bd3..9181108ee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 Magento Functional Testing Framework Changelog
 ================================================
 
+4.6.1
+---------
+### Enhancements
+* Supported setting custom timeout value for `magentoCLI` command via an environment variable `MAGENTO_CLI_WAIT_TIMEOUT`.
+
 4.6.0
 ---------
 ### Enhancements
diff --git a/composer.json b/composer.json
index ac0c8a43d..468756b45 100755
--- a/composer.json
+++ b/composer.json
@@ -2,7 +2,7 @@
     "name": "magento/magento2-functional-testing-framework",
     "description": "Magento2 Functional Testing Framework",
     "type": "library",
-    "version": "4.6.0",
+    "version": "4.6.1",
     "license": "AGPL-3.0",
     "keywords": ["magento", "automation", "functional", "testing"],
     "config": {
diff --git a/composer.lock b/composer.lock
index 311e13e11..c86a5d45c 100644
--- a/composer.lock
+++ b/composer.lock
@@ -4,7 +4,7 @@
         "Read more about it at https://getcomposer.org/doc/01-basic-usage.md#installing-dependencies",
         "This file is @generated automatically"
     ],
-    "content-hash": "a0ebd24d0c275a654005c55f65b58e22",
+    "content-hash": "7772662f5957bac06547b5d62352d5d6",
     "packages": [
         {
             "name": "allure-framework/allure-codeception",
@@ -7996,12 +7996,12 @@
             "version": "3.7.2",
             "source": {
                 "type": "git",
-                "url": "https://github.com/squizlabs/PHP_CodeSniffer.git",
+                "url": "https://github.com/PHPCSStandards/PHP_CodeSniffer.git",
                 "reference": "ed8e00df0a83aa96acf703f8c2979ff33341f879"
             },
             "dist": {
                 "type": "zip",
-                "url": "https://api.github.com/repos/squizlabs/PHP_CodeSniffer/zipball/ed8e00df0a83aa96acf703f8c2979ff33341f879",
+                "url": "https://api.github.com/repos/PHPCSStandards/PHP_CodeSniffer/zipball/ed8e00df0a83aa96acf703f8c2979ff33341f879",
                 "reference": "ed8e00df0a83aa96acf703f8c2979ff33341f879",
                 "shasum": ""
             },
@@ -8046,6 +8046,20 @@
                 "source": "https://github.com/squizlabs/PHP_CodeSniffer",
                 "wiki": "https://github.com/squizlabs/PHP_CodeSniffer/wiki"
             },
+            "funding": [
+                {
+                    "url": "https://github.com/PHPCSStandards",
+                    "type": "github"
+                },
+                {
+                    "url": "https://github.com/jrfnl",
+                    "type": "github"
+                },
+                {
+                    "url": "https://opencollective.com/php_codesniffer",
+                    "type": "open_collective"
+                }
+            ],
             "time": "2023-02-22T23:07:41+00:00"
         },
         {
@@ -8356,5 +8370,5 @@
         "ext-openssl": "*"
     },
     "platform-dev": [],
-    "plugin-api-version": "2.6.0"
+    "plugin-api-version": "2.3.0"
 }