One day in advance, make NYE topper. Print NYE template; trace onto parchment paper with pencil.
Using scissors, cut out letters.
Using fondant roller, roll 3 oz. fondant to ¼ in. thickness. Place parchment paper letter on fondant; cut out fondant letter with craft knife. Repeat for all letters.
Helpful Hint: Use wooden dowel rods as a guide for rolling out your fondant to ¼ in. thickness.
Let letters dry on parchment paper until firm, 8 to 10 hours.
Using decorating brush and gold cake paint, paint letters. Let dry, about an hour.
Spray letters with gold glitter spray. Let dry, about 10 minutes. Set aside.