NSW Police have finalised their investigation into the reported rape of a teenage girl in Albury and are no longer seeking three men.

Detectives from the Albury Local Area Command made inquiries after a 17-year-old girl was reportedly dragged from a main thoroughfare into bushes and sexually assaulted at knifepoint by three men at 6.30pm on Tuesday.

In hot water: Albury mayor Kevin Mack.

Police conducted forensic testing and spoke to a number of people before finalising their investigation into the incident which caused widespread controversy when the Albury mayor was forced to apologise after saying women should not walk alone at night.

A NSW spokeswoman said there would be no comment on the reasons for the finalisation of the investigation.