2015 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - (Racing, Pari-Mutuel Wagering and Breeding Law) THOROUGHBRED RACING AND BREEDING
217 - Revocation of licenses.

  217.  Revocation of licenses. If any corporation to which a license
  shall be granted shall fail or refuse to comply with the  provisions  of
  this chapter, or with the terms and conditions of its license, or if for
  any  other  reason  the  continuance of such license shall not be deemed
  conducive to the interests of legitimate racing, the board, upon its own
  initiative or upon complaint of the jockey club, in  the  case  of  race
  courses  to  be  used  for  running  races, or upon the complaint of the
  national steeplechase and hunt association in the case of  race  courses
  to  be used for steeplechases, shall have the power to cancel and revoke
  such license. Written notice of such complaint shall be  given  to  such
  corporation  by  said  board  within  five  days  after  receiving  such
  complaint, or after determining  to  take  action,  which  notice  shall
  specify  a  time  and place of hearing thereon. If the board cancels and
  revokes such license all powers  exercised  under  section  two  hundred
  three  of  this  article  by  the  corporation to which such license was
  granted shall cease and determine.