Eight people were lightly injured after a huge steel bucket of debris fell from the 53rd floor of a building under construction in Times Square Wednesday afternoon.

Work was halted yesterday after the cable of a crane carrying a 5-foot container of construction materials loosened around the 53rd floor of the future building of Bank of America, and fell breaking a number of windows before reaching the ground.

Work is set to resume only after the construction company will provide a detailed report on the accident and outline steps taken to improve safety, the Department of Buildings said.

The fire department suspects the cause of the accident was an operator error and not mechanical failure.

"We determined that it hit parts of the building, and took a lot of glass down with it," FDNY Deputy Chief John Sudnick said.

According to Richard Kielar, spokesman for Tishman Construction Corp, the construction manager for the Bank of America tower, four construction workers and four pedestrians were treated for minor injuries.

The building’s condition is currently stable, and there is no danger of collapsing, but crews worked for several hours to remove the glass shards that were knocked loose and onto the support beams that hold the crane to the building.

"I was about to cross the street when I saw thousands of pieces of glass falling from the sky," a 42 year-old consultant who was on his way to the Verizon Store across the street from the tower, Charles Fiesel, said. "Glass was bouncing in front of me and off of me," he said adding that he grabbed a nearby woman who seemed to be frozen and pulled her under the scaffolding.