How to enable Cloudwatch logging for AWS API GW via Cloudformation template

Question

I am trying to enable cloudwatch logs for AWS API Gateway via cloudformation template but it does not enables. I have tried setting up logginglevel to INFO in both Stage description and also Method settings. Any idea on what am I missing?

When I manually enable logging through UI, it works. Not working when I try to enable through cloudformation template as below -

Note: I am just using plain cloudformation template and I have already added role ARN that has permissions to API Gateway in my account to log cloudwatch

TestDeployment:
  Type: AWS::ApiGateway::Deployment
  Properties:
    Description: API Deployment
    RestApiId: testApi
    StageName: 'dev'
    StageDescription:
      Description: Stage - DEV
      LoggingLevel: INFO
      MethodSettings:
        - ResourcePath: "/testresource"
          HttpMethod: "POST"
          LoggingLevel: INFO

Answer 1

UPDATE For APIGatewayV2 - Access Logs only (Execution logs aren't available for http).

The AWS documentation is pretty unclear. After some days of shotgun programming, I found this. Here is a Cloudformation with API Gateway v2 that worked for me:

MyLogGroup:
    Type: AWS::Logs::LogGroup
    Properties:
      LogGroupName: /aws/apigateway/nameOfLogGroupForCloudWatch
      RetentionInDays: 7
MyStage:
    Type: AWS::ApiGatewayV2::Stage
    Properties:
      # Begin CloudWatch
      AccessLogSettings:
        DestinationArn: !GetAtt MyLogGroup.Arn # This points to the log group above
        Format: '{ "requestId": "$context.requestId", "path": "$context.path", "routeKey": "$context.routeKey", "ip": "$context.identity.sourceIp", "requestTime": "$context.requestTime", "httpMethod": "$context.httpMethod","statusCode": $context.status }'