balk

[ggk]

R1, pitcher balks while delivering the pitch (did not stop), R1 stealing on the pitch. PU immediately calls balk and points at the pitcher. the pitch is high and outside. F2 catches the pitch and then attempts to throw R1 out at 2nd. F2's throw goes into center field. R1 advances safely to 3rd. I know this is a delayed dead ball situation, but should the play be killed once F2 catches the pitch or should the play continue?

I think that if a pitcher balks and then makes a wild pitch or throw the play is allowed to continue and the runner(s) can advance past the awarded base (at their own risk) and the pitch is nullified unless it is ball 4 or strike 3 and BR advances to 1st.
I also think I remember an ncaa caseplay where there was R1 and F1 balked on his pick-off throw to first. R1 broke for second. F3 caught the throw from F1 and then attempted to throw the runner out at 2nd. F3's throw sailed into left field and runner advanced to 3rd. in that play, i believe they said that the play should have been killed once F3 caught the pick-off throw and the balk award should be made.
any help clarifying the ruling would be appreciated. ncca and pro.
i also know that none of this is applicable in FED. balk=dead.
thanks.
G