Tsunoda will be handed a fourth season at the Faenza outfit, while the currently injured Ricciardo will get a full season with the team after his mid-season comeback this summer.
AlphaTauri's driver decision had been made more complicated in recent weeks thanks to reserve driver Lawson's impressive performances as Ricciardo's replacement.
While the Australian recovers from a broken hand sustained in Zandvoort and will likely miss the Qatar Grand Prix as well, the 21-year-old Super Formula frontrunner reached Q3 in only his third race in Singapore and backed that up with his first points finish.
However, Red Bull has now decided to stick to Tsunoda and Ricciardo for AlphaTauri's 2024 driver line-up, with New Zealander Lawson to resume his reserve driver duties for both its teams.
“I’m looking forward to continuing to fight and collaborate with the team and Daniel," said Tsunoda.
“I’m grateful for Red Bull and Honda, for continuing to support and believe in me, and very happy and thankful to continue the partnership.”
Ricciardo added: “I’m stoked to be driving with Yuki again next year and continuing the journey with AlphaTauri.
“Following the progress we have already made and the plans for the future, it’s an exciting time for the team. We are building and it is a great feeling.”
Source: Autosport