Albury will take no further part in the Southern Inland season due to the impact of COVID restrictions.
The Steamers were in finals positions in both the first grade and women's competitions but the latest Victorian lockdown introduced on Thursday was the final nail in the coffin.
President Mick Raynes said the players were devastated to have their seasons cut short.
"Once Victoria went into lockdown it nailed us," Raynes said.
"We had been operating on a tightrope anyway because we were going to be relying on changes to restrictions in Wagga for the Victorians or getting SIRU to move finas.
"It was always going to be a long shot."
After the last lockdown the Steamers had been given until this weekend to return to the field, and did so last week.
However they felt there was no other option but to withdraw.
Making matters worse, it was the first time the Steamers women had really been competitive.
"The teams are gutted, particularly the women," he said.
"They have been playing really well and put a lot of hard work in to get to where they were.
"To have that pulled out from underneath them is devastating to be honest."
It means for the second time this season the Steamers won't take on Wagga City.
The two teams were set to clash at Murrayfield on Saturday after their first game was postponed, and later deemed a scoreless draw, due to an earlier lockdown.
Raynes said the club was confident of causing a boilover.
"Coming in with a full squad they were actually quietly confident," he said.
"They had been reviewing the Wagga City game and felt they had a foot in the door there as it is not an overcomplicated game plan and felt they might have been able to disrupt them effectively.
"The upshot of it is if Wagga City go on to win the premiership they haven't been able to beat the Steamers this year."
Raynes thanked the Southern Inland and the majority of clubs for their understanding and support as they tried to plot a course this season.
"They've really given as much leeway as they can," he said.
Albury's withdrawal means Tumut have locked in their finals spot.
The Bulls were only a point behind the Steamers with each team set to face unbeaten Wagga City in their final game.
The women's final race is still alive with CSU six points adrift of now fourth-placed Ag College.
The two sides face off at Beres Ellwood Oval on Saturday.