Foul--->buzzer---->release.
The ball becomes dead when the horn goes. Rule 6-7-6. If a foul occurs, rule 6-7-7 also says that the ball becomes dead, with exceptions. Rule 6-7-6EXCEPTION(a&c) say that the exception keeping the ball live only applies if the ball was in flight before time expired. Therefore the ball is dead on the buzzer, no basket, and the shooter gets 2 FT's for being fouled in the act of shooting.
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