From next season the FA will punish serious discriminatory behaviour with a minimum five match ban.
A second offence will start at a minimum 10 match sanction.
The FA may also charge clubs if two players are sanctioned for discriminatory behaviour in a 12 month period.
FA chairman David Bernstein paid tribute to Sir Alex Ferguson's 27-year reign at Old Trafford.
He said: “Sir Alex Ferguson’s achievements are truly remarkable – he is genuinely one of the greatest managers of all time and certainly of the modern era.
“His contribution to English football has been outstanding in every regard and, in The FA’s 150th year, it is something that should be celebrated.
“On behalf of The FA I’d like to wish him a happy and healthy retirement.”
The Football Association (FA) is celebrating its 150th anniversary on Wednesday and has released a new shield showing some of footballs most famous and landmark moments.
Images on the shield include:
The last Match at old Wembley in 2000
England Women v Germany Women Euro Final in 2009
Gazza Tears with Lineker in 1990
A David Beckham close up
The first black player, Arthur Wharton, in 1889.
The FA has responded to UEFA 's punishment over England's U-21 match against Serbia:
We are disappointed with the sanctions levied by UEFA with regards to the racist behaviour displayed towards England’s players.
Let’s be clear, racism is unacceptable in any form, and should play no part in football.
The scenes were deplorable and we do not believe the sanction sends a strong enough message.
It is The FA’s vehement belief that its players and staff acted correctly in the face of provocation, including racist abuse and missiles being thrown.
We are therefore surprised to see that two of our players have been given suspensions.
We shall await UEFA’s reasoning but it is our intention, at this stage, to support our players and appeal these decisions.
The FA can confirm it has begun investigating reports of abusive chanting at the Tottenham Hotspur FC versus West Ham United FC fixture on 25 November 2011.
The FA Governance Department has this morning contacted both clubs and will continue to make enquiries into the matter in the coming days.
We note the statement issued by West Ham United FC and encourage Clubs to identify and ban for life any individuals involved in incidents of abusive chanting.
There is no place for anti-Semitism or any form of discrimination in football.
UEFA led a 'social responsibility' campaign against racism at Euro 2012 asking fans to respect diversity, fan culture, inclusion and health.
The FA must do more to tackle racism and other discrimination, MPs have said.Read the full story ›
We agree with the Committee that whilst substantial progress has been made to promote equality and tackle discrimination in the game, challenges remain for all of the football authorities.
We remain committed, along with all of our stakeholders, to promoting equality and diversity within the game and to the eradication of all forms of discrimination in football.
While the general level of progress in combating racism and racist abuse in the UK is positive and should be applauded, there is much more that can and must be done, and we believe it is for the FA to take the lead and set the example for everyone, from football authorities at all levels to the grassroots groups, to follow.
We heard evidence that social media has become a tool for the spread of racist and abusive content, but it is also a potential means of combating the ignorance and prejudice that lie behind such behaviour.
We believe that the football authorities should be using this developing forum for communication and debate to spread positive messages about equality and diversity, and also to speak out strongly against instances of racist abuse when they occur.