My Android Studio (0.4.3 now) often displays a message that is ready to update, but the alert does not have an "Update and Restart" button:
I want to install this update but I don't know how I can do this. After I click the "Remind Me Later" button few times, the fourth button on the left is sometimes visible, allowing me to download and install the update. I haven't discovered any pattern when this button shows up and when it doesn't.
Why isn't it always visible?
Open the Preferences window by clicking File > Settings (on Mac, Android Studio > Preferences). In the left panel, click Appearance & Behavior > System Settings > Updates. Be sure that Automatically check for updates is checked, then select a channel from the drop-down list (see figure 1). Click Apply or OK.
This is bug https://code.google.com/p/android/issues/detail?id=56737. If you dismiss the dialog and check for updates again, you usually get the button you're looking for. I don't know why this happens.
I have found a temporary solution for this problem (until they release a fix for it).
Actually this issue is kind a bug not really a bug :). This is what you need to do
When an update is available, you'll see a balloon notification in the IDE.
Two important known issues:
1. The first time, you'll see a dialog that asks you to accept this channel. You need to press "More info" to accept this channel, otherwise you won't get notified about updates.2. If you press the "Ignore This Update" button, there is currently no mechanism available to revert that decision and Android Studio will never tell you about that update ever again.
For more info. visit : Android Tools Project Site
below is snap from android tools official site
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