diff --git a/go.mod b/go.mod
index 5fc1d0e5e..501213246 100644
--- a/go.mod
+++ b/go.mod
@@ -18,7 +18,7 @@ require (
 	github.com/GoogleCloudPlatform/k8s-cloud-provider v1.24.0
 	github.com/go-logr/logr v1.4.1
 	github.com/google/go-cmp v0.6.0
-	github.com/googleapis/gax-go/v2 v2.12.0
+	github.com/googleapis/gax-go/v2 v2.12.1
 	github.com/onsi/ginkgo/v2 v2.15.0
 	github.com/onsi/gomega v1.31.1
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index aa24d7633..35bf083f4 100644
--- a/go.sum
+++ b/go.sum
@@ -268,8 +268,8 @@ github.com/googleapis/enterprise-certificate-proxy v0.3.2 h1:Vie5ybvEvT75RniqhfF
 github.com/googleapis/enterprise-certificate-proxy v0.3.2/go.mod h1:VLSiSSBs/ksPL8kq3OBOQ6WRI2QnaFynd1DCjZ62+V0=
 github.com/googleapis/gax-go/v2 v2.0.4/go.mod h1:0Wqv26UfaUD9n4G6kQubkQ+KchISgw+vpHVxEJEs9eg=
 github.com/googleapis/gax-go/v2 v2.0.5/go.mod h1:DWXyrwAJ9X0FpwwEdw+IPEYBICEFu5mhpdKc/us6bOk=
-github.com/googleapis/gax-go/v2 v2.12.0 h1:A+gCJKdRfqXkr+BIRGtZLibNXf0m1f9E4HG56etFpas=
-github.com/googleapis/gax-go/v2 v2.12.0/go.mod h1:y+aIqrI5eb1YGMVJfuV3185Ts/D7qKpsEkdD5+I6QGU=
+github.com/googleapis/gax-go/v2 v2.12.1 h1:9F8GV9r9ztXyAi00gsMQHNoF51xPZm8uj1dpYt2ZETM=
+github.com/googleapis/gax-go/v2 v2.12.1/go.mod h1:61M8vcyyXR2kqKFxKrfA22jaA8JGF7Dc8App1U3H6jc=
 github.com/googleapis/google-cloud-go-testing v0.0.0-20200911160855-bcd43fbb19e8/go.mod h1:dvDLG8qkwmyD9a/MJJN3XJcT3xFxOKAvTZGvuZmac9g=
 github.com/gorilla/websocket v1.4.2 h1:+/TMaTYc4QFitKJxsQ7Yye35DkWvkdLcvGKqM+x0Ufc=
 github.com/gorilla/websocket v1.4.2/go.mod h1:YR8l580nyteQvAITg2hZ9XVh4b55+EU/adAjf1fMHhE=