The following is taken from New York in the War of the Rebellion, 3rd ed. Frederick Phisterer. Albany: J. B. Lyon Company, 1912. 
Chauncey M. Depew was appointed Colonel and authorized to recruit this regiment in the then 2d and 8th Senatorial Districts of the State; he resigned his appointment and, September 10, 1862, Col. John P. Jenkins, 17th Militia, was authorized to continue the recruiting. The organization was not completed, and discontinued November 20, 1862, the men enlisted being transferred, in December, 1862, to the 6th Artillery, as Companies L and M, and parts of Companies B, D, I and K of the same.

The following is taken from The Union army: a history of military affairs in the loyal states, 1861-65 -- records of the regiments in the Union army -- cyclopedia of battles -- memoirs of commanders and soldiers. Madison, WI: Federal Pub. Co., 1908. volume II. 
One Hundred and Seventy-second Infantry.—This regiment also failed to complete its organization. In Dec., 1862, the men enlisted were transferred to the 6th N.Y. Artillery. (q. v.)