Miley Cyrus and a slew of other celebrities attended the MET Gala on Monday night in New York City, a yearly event where the stars showcase their risk-taking fashion choices.

The 20-year-old strutted the red carpet in a Marc Jacobs black, mesh gown that she paired with a large cocktail ring and red lips. Her signature bleach-blonde hair was spiked up as a nod to the gala's theme this year - Punk: Chaos to Couture.

The gala benefit's co-chairs are actress Rooney Mara, co-founder of Moda Operandi, Lauren Santo Domingo; Creative Director of Givenchy, Riccardo Tisco; and Editor-in-Chief of Vogue, Anna Wintour. Beyoncé will serve as Honorary Chair.

The spring 2013 exhibition, Punk: Chaos to Couture, will be on view to the public from May 9 through Aug.14, 2013. The exhibit will examine punk's impact on high fashion from the movement's birth in the 1970s through its current influence.

The Met Gala red carpet live stream will be available HERE on Monday, May 6, at 7:00 p.m