United Nations (CNN) -- Palestinian President Mahoud Abbas put forth a historic U.N. membership bid for an independent state of Palestine on Friday; a move Israel says is premature without direct talks that address its longstanding security concerns. 

The formal application -- viewed as a largely symbolic gesture because an American veto is all but assured should the request come to a vote in the Security Council -- drew applause in the assembly when the Palestinian leader raised the document at the podium during his speech at the 66th annual session of the General Assembly. 

The time has come for a "Palestinian Spring" to join the Arab Spring in reshaping the Middle East, he said. "My people desire to exercise their right to enjoy a normal life like the rest of humanity." 

But Israeli Prime Minister Benjamin Netanyahu, later taking his turn to address the General Assembly, said Palestinians are looking for a "state without peace," ignoring security concerns important to Israel. 

He said Palestinians are not armed only with their "hopes and dreams," as Abbas said in his speech. To that he added "10,000 missiles, and Grad rockets supplied by Iran, not to mention the river of lethal weapons flowing into Gaza." 

"Palestinians should first make peace with Israel, and then get their state," he declared, adding that peace must arrive through a two-state solution that recognizes Israel as a Jewish state. 

If that occurs, Israel "will be the first" to recognize Palestinian statehood, the prime minister said. 

Representatives from the United Nations, the United States, Russia and the European Union -- a group commonly referred to as the Quartet for the Middle East -- discussed the request later Friday, and issued a statement saying the bid is now before the U.N. Security Council. 
and what country is expected to veto it?
viewed as a largely symbolic gesture because an American veto is all but assured