Hi there,
It looks like an "S" to me.
Which would make it "NSY" - North Salopian Yeomanry?
Attached is a photo of the "North Salopian Yeomanry" button. Similar - but not a perfect match.
There was a North Somerset Yeomnary Cavalry - but that would be NSYC.
Hopefully someone better informed will be along shortly.
Regards
Ian
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