Carney was due to front the board to discuss his future, following revelations that he and team-mates Nate Myles and Frank Paul Nuuasala flouted a drinking ban.
Board members at the Roosters have decided to stand Carney down for the rest of the season.
The indiscretion is the latest in a long list of alcohol-related incidents involving Carney.
Just this year alone, Carney has been charged with drink driving and found to be present at a booze-fuelled incident with team-mate Anthony Watts.
Watts was later sacked for his involvement.
A statement from the Roosters read: “Following a request from Todd Carney and his manager for an extension before meeting the Sydney Roosters board, the Roosters have today agreed to wait until the completion of their season to conclude the matter.
“Until that time, there will be no further comment.
“In the meantime, Todd Carney will continue to be excused from training and playing as well any other club activities under the terms of his contract.”
Catalan Dragons appear to be the favourites to sign the former Canberra player if Roosters bosses terminate his contract.