The text of the law appears to require no neutering of registered firearms.

At this point it is not even known if Cuomo will sign that exemption bill. It is pretty well known in police circles that he does not like law enforcement very much and his actions regarding binding contract arbitration indicate he really does not care about law enforcement political support.

Frankly, he can sign all the exemptions he wants, I still don't known anyone in law enforcement who supports this law. In fact, I know guys who used to be in favor of "assault weapons" bans who are now opposed thanks to this nonesense. Obviously, however, recent events show that there are some varying opinions, unfortunately.