When a license is suspended or revoked, the licensee shall surrender such licensee's license to the municipal governing body or the commission, whichever revoked or suspended the same, on or before the effective date of the suspension or revocation. No license shall be valid beyond the effective date of the suspension or revocation of such license.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4626.16