That was its official position, anyway. In reality, the first 60 seconds or so is pretty good:
An investigator looking into the incident apparently put the video together from surveillance-camera footage, sped it up and added the "Benny Hill" theme.
It was sent to the Times Union recently by an officer who was hurt during the chase (maybe the one in the lead who falls down), and who unsuccessfully sued the department alleging that the video was used to humiliate him. He also apparently alleged that he was discriminated against because of his partial Native-American heritage, claiming that another officer told him that "[y]ou ran after that guy like he stole your land," a joke I am officially not endorsing.