New Zealand says it has been working on a U.N. Security Council resolution aimed at restarting peace negotiations between Israel and the Palestinians.

New Zealand's U.N. Ambassador Jim McLay said Tuesday it's time for the U.N.'s most powerful body "to use its moral and legal authority" to spur stalled negotiations.

Two decades of talks brokered by the United States have failed to produce a two-state solution.

McLay told the council that France is also working with others on a resolution setting out the parameters of a peace deal, and if it has a chance of succeeding "New Zealand stands ready to engage and be helpful."

He said New Zealand will wait to see how the French-led effort plays out, and will be prepared to step in if it doesn't.