Although grant-based mechanisms have been a predominant approach for wireless access for years, the additional latency required for initial handshake message exchange and the extra control overhead for packet transmissions have stimulated the emergence of grant-free (GF) transmission. GF access provides a promising mechanism for carrying low and moderate traffic with small data and fits especially well for massive machine type communications (mMTC) applications. Despite a surge of interest in GF access, how to handle heterogeneous mMTC traffic based on GF mechanisms has not been investigated in depth. In this paper, we propose a priority enabled GF access scheme which performs dynamic slot allocation in each 5G new radio subframe to devices with different priority levels on a subframeby-subframe basis. While high priority traffic has access privilege for slot occupancy, the remaining slots in the same subframe will be allocated to low priority traffic. To evaluate the performance of the proposed scheme, we develop a two-dimensional Markov chain model which integrates these two types of traffic via a pseudo-aggregated process. Furthermore, the model is validated through simulations and the performance of the scheme is evaluated both analytically and by simulations and compared with two other GF access schemes. Index Terms-Grant-free access, NR numerology, mMTC traffic, dynamic slot allocation, two-dimensional Markov chain, pseudo-aggregated process. I. INTRODUCTION S IMULTANEOUS packet transmissions over the same radio resource cause performance deterioration for wireless access due to potential collisions among transmissions from competing devices. In fourth generation (4G) cellular networks, i.e., long term evolution-advanced (LTE-A), this