The emergency services were called to Prestonhill Quarry in Inverkeithing at about 21:20 on Thursday following reports of a teenager in the water.
The body of 18-year-old John McKay was recovered the following day.
Police inquiries are continuing to establish the circumstances of his death.
In August 2014, Cameron Lancaster, from Burntisland, Fife, died at the quarry.
A body recovered by divers from a disused quarry in Fife has been confirmed as that of a teenager from Kirkcaldy.