No. A speeding ticket does not become a parking ticket even on the best of days. Yes, you will get points.
Your best bet is to go in to the hearing and give a cool calm rational explanation and they may reduce it a bit.
This answer is offered for informational purposes only. It is not offered as, and does not constitute, legal advice. Laws vary widely from state to state. You should rely only on the advice given to you during a personal consultation by a local attorney who is thoroughly familiar with state laws and the area of practice in which your concern lies.
The above attorney unfortunately does not know what he is talking about. Traffic Tickets in New York state frequently get reduced to parking tickets. Most towns now have a town prosecutor or DA handling the traffic matters. You should either go to court and speak to the prosecutor or hire an attorney to do it for you. I believe that they should reduce it either to a parking ticket or 1110A failing to obey a traffic control device.
If you are found guilty of this charge it would carry 4 points as a penalty.
It is my experience in the Erie County town courts that speeding tickets may be reduced to parking tickets. However, this does depend upon your driver's abstract, if this is your first infraction, you will mostly likely be offered the reduction.