After going through the dribble and travel rules, assuming that "to the floor" means the ball has to hit the floor to be a "dribble", the play is legal if the player doesnt travel before hand. If this would happen during a dribble, it would be a an illegal dribble in billy's play.
Though I think this play would only occur in bizzarro world because I still cannot imagine any situation to where a dribbler can do this without another player touching the ball.
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