(a) Any licensee, permit holder or otherwise authorized person or entity who violates the laws of the State of New York, including the Tax Law and the regulations thereunder, or the rules, policies and directives of this commission, may have his or her license, permit or other authorization revoked and may be fined, suspended or otherwise disciplined, and may have the official result of his or her match modified, in such manner as the commission may direct. The commission shall have the power, in its discretion, to declare forfeited any purse, or any part thereof, belonging to the contestants or either of them or, the share thereof of any manager, if it has reason to believe, such contestant or contestants, or manager of a contestant, as the case may be, has committed any act in violation of any rule or regulation of the commission. Nothing in this rule shall be construed to allow modification of the obligations of a licensee under article 19 of the Tax Law.

(b) The amount so forfeited shall be paid within 48 hours to the commission. Such monies shall be held by the commission until there is a final determination whether such violation has in fact been committed.