Lynch has served as president for 24 years and has been one of the most vocal advocates for police in New York City.
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The announcement comes after his union and the city reached a new contract agreement last week for officers.
The historic agreement will expire in 2025.
Executive board members are required to be active NYPD officers and Lynch will face mandatory NYPD retirement in 2026.
"This decision is part of a philosophy I have long held: a rider cannot switch horses in the middle of a battle, and the PBA must not change leadership in the middle of a contract fight," Lynch said.
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Lynch's current term expires in June.
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