I actually read the law in detail, apparently I got VERY bad information and from multiple sources. It says that 10 round magazines that are currently owned.
From the bill:
Section 38 of the bill amends Penal Law � 265.00(23) to ban all large
capacity magazines that have the capacity to hold more than ten rounds
of ammunition including those that were grandfathered in under the
original assault weapons ban and creates a new ban on magazines that
hold more than seven rounds of ammunition. Magazines that can hold
more than seven rounds but not more than ten rounds and are currently
possessed will be grandfathered in, but may only contain seven rounds
of ammunition. Exceptions are made for large capacity magazines that
are curios or relics.
I don't know what to make of this. I literally bought a rifle for several hundred dollars and now I can't own the thing... There is another way I could obtain it legally out of state, but it's an 18 hour drive... To Florida...