N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 217

§ 217. Revocation of licenses. If any corporation to which a license\nshall be granted shall fail or refuse to comply with the provisions of\nthis chapter, or with the terms and conditions of its license, or if for\nany other reason the continuance of such license shall not be deemed\nconducive to the interests of legitimate racing, the board, upon its own\ninitiative or upon complaint of the jockey club, in the case of race\ncourses to be used for running races, or upon the complaint of the\nnational steeplechase and hunt association in the case of race courses\nto be used for steeplechases, shall have the power to cancel and revoke\nsuch license. Written notice of such complaint shall be given to such\ncorporation by said board within five days after receiving such\ncomplaint, or after determining to take action, which notice shall\nspecify a time and place of hearing thereon. If the board cancels and\nrevokes such license all powers exercised under section two hundred\nthree of this article by the corporation to which such license was\ngranted shall cease and determine.\n