You may be eligible to redeem it for a New York driver's license. See Change an Out-of-State License, or view other information on moving to New York
What can happen if someone drives in New York State without a driver's license?
A police officer can use this as evidence to issue a traffic ticket if you drive in New York State without a New York State driver's license or vehicle registration.
What happens if I pay taxes or my children attend school in another state?