Taylor was starting the Giants' preseason finale with starter Daniel Jones being given the afternoon off. He rolled to his right late in the first quarter and was hit by Jets rookie defensive end Micheal Clemons after throwing a pass.
The play went for a 25-yard completion to tight end Daniel Bellinger, but Taylor remained on the ground until he was treated by the Giants' medical staff. He eventually jogged off the field but went immediately to the blue medical tent for observation.
"He should be OK," Giants coach Brian Daboll said after his team's 31-27 loss. "I don't think there is anything. He just landed hard and talked to him at halftime."
Taylor seemed to be moving fine on the sideline in street clothes in the second half.
When Taylor emerged from the tent, he hopped on a cart and was taken to the locker room. Third-string quarterback Davis Webb took Taylor's place and would be next in line behind Jones should Taylor's injury force him to miss time.
Webb went 30-of-38 for 202 yards with a touchdown pass and no interceptions against the Jets. He was 60-of-81 (74%) for 458 yards with three touchdowns and no interceptions this preseason.
The Giants signed Taylor this past offseason to be the veteran backup behind Jones. It was imperative that they had a contingency plan after things went awry last season, when Mike Glennon and Jake Fromm served as replacement starters for the final six games while Jones was out with a neck injury.
New York lost all six of those games and averaged just 9.3 points per game.