Smith previously worked with Underworld partner Karl Hyde on the music for Boyle's London 2012 opening ceremony.
New Music 20x12 will be delivered by the PRS for Music Foundation in partnership with the BBC, the organisers of the London Olympic and Paralympic Games and Sound and Music.
But the 22-year-old Brit, who started writing music at age 4, also studied composition and violin at the prestigious Guildhall School of Music and Drama and wrote a piece for the London Philharmonic Orchestra last year.
Vincent Miller, a barber at Ruff Cut, a popular meeting place for young black men, says most of his customers already come into Brixton by bus from as far away as Ealing in west London, for the company, music (often loud at his shop) and a good cut.
He said he had been asked to create the piece for an electronic music festival, and asked the other band members to be "indulgent" for 10 minutes at London's Abbey Road studios before giving them vague directions.
The late Marvin Hamlisch, who died last August, was also honoured with the inaugural prize for best original music for his score for the 2002 Broadway musical Sweet Smell of Success, which received its UK premiere at London's Arcola Theatre.
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The Musicians' Union has urged London 2012 organisers to reconsider pre-recording music for the Olympic opening and closing ceremonies.
From Enfield and Battersea Park to Paddington and Croydon, music will ring out all day on 9 September across London for anyone who wishes to celebrate the end of the Great British Summer.
Gergiev, who is also principal conductor of the London Symphony Orchestra, performed a requiem of Russian music for a city he compared in a speech to Stalingrad.
In 2001, they wrote the score and lyrics for the musical Closer to Heaven, while last year they provided music for David Almond's play My Dad's a Birdman at London's Young Vic.
But music was never the problem for Amy Winehouse, who was found dead in her London apartment on Saturday at age 27.
Truman, 54, came to New York from London in 1981, earning a couple hundred dollars a month as a music critic for the groundbreaking British magazine The Face.
The London Underground plays classical music in some stations to create a more crime-free environment, says a spokeswoman for transport for London.
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