Labor appears unlikely to form majority government in NSW with the party sitting on 45 seats and falling behind in three of the remaining four seats still in doubt.
The ABC has called Miranda for Liberal incumbent Eleni Petinos and the seat of Kiama for independent Gareth Ward, who faces rape and indecent assault charges.
Mr Ward, who denies the allegations, on Wednesday thanked his supporters for an election victory that "may have seemed impossible to some".
The former Liberal MP appeared in court on Tuesday pleading not guilty to several charges of sexual assault.
Labor needs two more seats to reach the 47 needed to form a majority government. The party remains ahead in Ryde but trails in Goulburn, Holsworthy and Terrigal.
Premier Chris Minns said he was still hopeful of securing more seats.
He also voiced concerns about how long the count was taking, although he stopped short of criticising the state's electoral commission.
"For many people they'd be frustrated with the count particularly if you're one of those seats that haven't been determined yet. You need to know who your local member of parliament is," he said.
The premier said any decisions about future ministerial portfolios would be taken once the final composition of the lower house is completed.
Labor is on track to land eight seats in the upper house, while the coalition looks likely to secure at least six seats.