At 10:29 of the second period in the Jets/Islanders game, New York requested Coach's Challenge to review whether Winnipeg was off-side prior to Nic Petan's goal.
After reviewing all available replays and consulting with the linesman, NHL Hockey Operations staff determined that Winnipeg's Patrik Laine was off-side prior to the goal. According to Rule 78.7, "The standard for overturning the call in the event of a 'GOAL' call on the ice is that the Toronto Video Room, after reviewing any and all available replays and consulting with the Linesman, determines that one or more Players on the attacking team preceded the puck into the attacking zone prior to the goal being scored and that, as a result, the play should have been stopped for an "Off-side" infraction; where this standard is met, the goal will be disallowed."

Therefore the original call is overturned - no goal Winnipeg Jets.
The clock is re-set to show 9:34 (10:26 elapsed time), when the off-side infraction occurred.
Since the Coach's Challenge resulted in the original call being overturned, the New York Islanders retain their time-out.