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Determine where leak originates and replace appropriate seal or gasket

The 5 speed is known to leak from the 3 rubber plugs at the back end of the shifter rails just behind the shift lever.

Drill an eighth inch hole through each plug and put a No. 8 machine screw through it with nut and washers and put it back in the hole and tightened the nut till the plug feels solid.

I did this through the hole in the floor by removing the shift lever and boot. The shifter is removed by removing the nut from the tapered lock bolt and threading it to the other end and tightening till it is pulled out.

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Q: How do you fix dripping transmission fluid on 1992 Ford ranger?
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