The term is supposedly linked to Jim Cirillo and the The old NYPD Stakeout Squad. Active from 1968 until 1973, the Stakeout Squads was created to address the rash of armed robberies of small stores in NYC. during that time period. Their success rate was so good that local politicians decided to disband the unit because because of the number shootouts involved.
For a little more detail on the Stakeout Squad, click the link below;
The Youtube video below is a brief history and demo of the New York Reload.
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