Sir Alex Ferguson admitted he was relieved the celebrations to mark his retirement were over as he was named the LMA's manager of the year for an unprecedented fourth time.
The outgoing Manchester United boss picked up the award at a dinner in London and said that he was confident he was leaving the club in good shape.
The farewell celebrations culminated in his last match in charge, a 5-5 draw at West Brom.
Ferguson, who also won the LMA's Premier League manager of the year award, said: "It has been overwhelming. The club has been fantastic and congratulations to West Brom with the way they handled yesterday.
"In a way I am glad it is all over now - because it has been hard work!
"I think (West Brom manager) Steve Clarke should get an award because anyone who scores five against United deserves it."
Ferguson added that he was confident he was leaving United in good hands with David Moyes, who has won the LMA award three times, and with the club's emphasis on bringing through young players. United also won the inaugural Barclays under-21 Premier League.
Ferguson said: "It has always placed a great emphasis on youth long before I came.
"Sir Matt Busby started that and took Manchester United into Europe, the first English club to do so.
"It's always been there and I have tried to maintain that though it is more difficult in the present climate - you have to scout abroad now but you are still looking for young people who can do well."
LMA chairman Howard Wilkinson paid tribute to Ferguson, saying: "Finding words to adequately describe the monumental levels of achievement and the indelible legacy Sir Alex Ferguson leaves in the game, is nigh on impossible.
"This award adds yet another record to that list, making him the only person to secure the much coveted LMA manager of the year award, for a fourth time. David Moyes, his choice of successor to the Old Trafford throne, has won it three times and I know that Sir Alex will hope and believe that David goes on to equal and surpass the new record."
Cardiff boss Malky Mackay was named the Championship manager of the season after winning the title.
He said: "I am just very proud of the whole club - a lot of people in the last two years have put hard work into building this."
Yeovil's Gary Johnson was named the League One manager of the year and Gillingham's Martin Allen won the League Two award.
England boss Roy Hodgson was elected into the LMA's 1,000 club for managers who had been in charge of 1,000 games after the body agreed to take overseas and international matches into account. Former Southampton boss Lawrie McMenemy was also elected into the club.
Hodgson, who has coached in eight different countries, said the job of a manager was becoming tougher.
He said: "You have to be very lucky to survive the ups and downs and that's getting harder and harder.
"I have been lucky and done it in some quite easy places to be compared to what Sir Alex Ferguson has done at Manchester United and Aberdeen, that's for sure."
Roberto di Matteo was given a special LMA merit award for his feat in taking Chelsea to Champions League and FA Cup glory last season.
Bradford manager Phil Parkinson was also given a special merit award for his achievements in taking the Bantams to the Capital One Cup final and promotion to League One.
Wigan boss Roberto Martinez won the Budweiser FA Cup manager of the season award. Martinez' side beat Manchester City in the FA Cup final - but three days later were relegated from the Premier League.
The Wigan boss said: "There are not many underdog stories left - the team with the greater resources usually wins at a neutral stadium like Wembley.
"It was not just winning the trophy it was the manner we did it and I couldn't be happier or more proud of that.
"But in football you always speak of the real highs and the real lows, but I didn't expect to experience the biggest high and the biggest low in the space of four days."
Crewe chairman John Bowler was given the LMA's services to football award for his 26 years at the club.