The New York Knicks watched a sizable lead slip away from them in the fourth quarter on Wednesday night but managed to hold on to beat the Boston Celtics 103-102 in pre-season action.

With 8:13 to play in the fourth, the Knicks held a 23 point advantage.  Lead by Chris Babb, the Celtics came storming back.  Babb scored all of his points in the fourth quarter on three-pointers.  The Celtics eventually went ahead on a layup by Phil Pressey but Tim Hardaway Jr. put the Knicks up for good when he drained a 3 with 8 seconds left.  Hardaway Jr. finished with 16 points.

The Celtics turned the ball over in the waning seconds to give the Knicks the one point victory.

Iman Shumpert lead the Knicks in scoring with 18, Metta World Peace had 13, and Andrea Bargnani scored 12.  For the Celtics, Pressey finished with 13 points and Babb with 12.

The Knicks' next pre-season tilt is Friday night in Toronto.