diff --git a/pandas/io/formats/style_render.py b/pandas/io/formats/style_render.py
index 08d9fd938c873..907cce19cff55 100644
--- a/pandas/io/formats/style_render.py
+++ b/pandas/io/formats/style_render.py
@@ -1564,7 +1564,12 @@ def relabel_index(
         levels_ = refactor_levels(level, obj)
 
         def alias_(x, value):
+            """
+            Checks and returns formatted values based on specific conditions.
+            """
             if isinstance(value, str):
+                if value.startswith("$") and value.endswith("$"):
+                    return value
                 return value.format(x)
             return value
 
diff --git a/pandas/tests/io/formats/test_to_latex.py b/pandas/tests/io/formats/test_to_latex.py
index 1de53993fe646..0ea0bf77dad41 100644
--- a/pandas/tests/io/formats/test_to_latex.py
+++ b/pandas/tests/io/formats/test_to_latex.py
@@ -371,6 +371,30 @@ def test_to_latex_number_of_items_in_header_missmatch_raises(
         with pytest.raises(ValueError, match=msg):
             df.to_latex(header=header)
 
+    def test_to_latex_with_latex_header(self):
+        df = DataFrame({"a": [1, 2]})
+        result = df.to_latex(header=[r"$\bar{y}$"], index=False, column_format="l")
+        expected = r"""
+        \begin{tabular}{l}
+        \toprule
+        $\bar{y}$ \\
+        \midrule
+        1 \\
+        2 \\
+        \bottomrule
+        \end{tabular}
+        """
+
+        # Function to remove leading spaces from each line
+        def remove_leading_spaces(s):
+            return "\n".join(line.lstrip() for line in s.strip().split("\n"))
+
+        # Normalize both result and expected strings
+        result_clean = remove_leading_spaces(result)
+        expected_clean = remove_leading_spaces(expected)
+
+        assert result_clean == expected_clean
+
     def test_to_latex_decimal(self):
         # GH 12031
         df = DataFrame({"a": [1.0, 2.1], "b": ["b1", "b2"]})