diff --git a/go.mod b/go.mod
index d578b2c3d..8ddb225b1 100644
--- a/go.mod
+++ b/go.mod
@@ -23,7 +23,7 @@ require (
 	k8s.io/client-go v0.29.2
 	k8s.io/code-generator v0.29.2
 	k8s.io/klog/v2 v2.130.1
-	k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738
+	k8s.io/utils v0.0.0-20241210054802-24370beab758
 	knative.dev/pkg v0.0.0-20240201013110-e85c3cf6d5f1
 	sigs.k8s.io/controller-runtime v0.17.3
 	sigs.k8s.io/yaml v1.4.0
diff --git a/go.sum b/go.sum
index 7a8e9fd14..f2c8deb6b 100644
--- a/go.sum
+++ b/go.sum
@@ -865,8 +865,8 @@ k8s.io/kube-openapi v0.0.0-20240103051144-eec4567ac022/go.mod h1:sIV51WBTkZrlGOJ
 k8s.io/utils v0.0.0-20201110183641-67b214c5f920/go.mod h1:jPW/WVKK9YHAvNhRxK0md/EJ228hCsBRufyofKtW8HA=
 k8s.io/utils v0.0.0-20210802155522-efc7438f0176/go.mod h1:jPW/WVKK9YHAvNhRxK0md/EJ228hCsBRufyofKtW8HA=
 k8s.io/utils v0.0.0-20220210201930-3a6ce19ff2f9/go.mod h1:jPW/WVKK9YHAvNhRxK0md/EJ228hCsBRufyofKtW8HA=
-k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738 h1:M3sRQVHv7vB20Xc2ybTt7ODCeFj6JSWYFzOFnYeS6Ro=
-k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
+k8s.io/utils v0.0.0-20241210054802-24370beab758 h1:sdbE21q2nlQtFh65saZY+rRM6x6aJJI8IUa1AmH/qa0=
+k8s.io/utils v0.0.0-20241210054802-24370beab758/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
 knative.dev/pkg v0.0.0-20240201013110-e85c3cf6d5f1 h1:xGmWQyA+hwyFT1BN5RWi8wx0DxwZQZni8SPN/FZ02kI=
 knative.dev/pkg v0.0.0-20240201013110-e85c3cf6d5f1/go.mod h1:cGCJe6wkr0vQMAXTaUHi0XA/12JbxSTK15TnyBmn7ms=
 rsc.io/binaryregexp v0.2.0/go.mod h1:qTv7/COck+e2FymRvadv62gMdZztPaShugOCi3I+8D8=
diff --git a/vendor/k8s.io/utils/clock/testing/fake_clock.go b/vendor/k8s.io/utils/clock/testing/fake_clock.go
index 79e11deb6..462c40c2c 100644
--- a/vendor/k8s.io/utils/clock/testing/fake_clock.go
+++ b/vendor/k8s.io/utils/clock/testing/fake_clock.go
@@ -48,7 +48,6 @@ type fakeClockWaiter struct {
 	stepInterval  time.Duration
 	skipIfBlocked bool
 	destChan      chan time.Time
-	fired         bool
 	afterFunc     func()
 }
 
@@ -198,12 +197,10 @@ func (f *FakeClock) setTimeLocked(t time.Time) {
 			if w.skipIfBlocked {
 				select {
 				case w.destChan <- t:
-					w.fired = true
 				default:
 				}
 			} else {
 				w.destChan <- t
-				w.fired = true
 			}
 
 			if w.afterFunc != nil {
@@ -305,44 +302,48 @@ func (f *fakeTimer) C() <-chan time.Time {
 	return f.waiter.destChan
 }
 
-// Stop stops the timer and returns true if the timer has not yet fired, or false otherwise.
+// Stop prevents the Timer from firing. It returns true if the call stops the
+// timer, false if the timer has already expired or been stopped.
 func (f *fakeTimer) Stop() bool {
 	f.fakeClock.lock.Lock()
 	defer f.fakeClock.lock.Unlock()
 
+	active := false
 	newWaiters := make([]*fakeClockWaiter, 0, len(f.fakeClock.waiters))
 	for i := range f.fakeClock.waiters {
 		w := f.fakeClock.waiters[i]
 		if w != &f.waiter {
 			newWaiters = append(newWaiters, w)
+			continue
 		}
+		// If timer is found, it has not been fired yet.
+		active = true
 	}
 
 	f.fakeClock.waiters = newWaiters
 
-	return !f.waiter.fired
+	return active
 }
 
-// Reset resets the timer to the fake clock's "now" + d. It returns true if the timer has not yet
-// fired, or false otherwise.
+// Reset changes the timer to expire after duration d. It returns true if the
+// timer had been active, false if the timer had expired or been stopped.
 func (f *fakeTimer) Reset(d time.Duration) bool {
 	f.fakeClock.lock.Lock()
 	defer f.fakeClock.lock.Unlock()
 
-	active := !f.waiter.fired
+	active := false
 
-	f.waiter.fired = false
 	f.waiter.targetTime = f.fakeClock.time.Add(d)
 
-	var isWaiting bool
 	for i := range f.fakeClock.waiters {
 		w := f.fakeClock.waiters[i]
 		if w == &f.waiter {
-			isWaiting = true
+			// If timer is found, it has not been fired yet.
+			active = true
 			break
 		}
 	}
-	if !isWaiting {
+	if !active {
 		f.fakeClock.waiters = append(f.fakeClock.waiters, &f.waiter)
 	}
 
diff --git a/vendor/modules.txt b/vendor/modules.txt
index afabdbfc5..17aca5bcc 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -864,7 +864,7 @@ k8s.io/kube-openapi/pkg/spec3
 k8s.io/kube-openapi/pkg/util/proto
 k8s.io/kube-openapi/pkg/util/sets
 k8s.io/kube-openapi/pkg/validation/spec
-# k8s.io/utils v0.0.0-20241104100929-3ea5e8cea738
+# k8s.io/utils v0.0.0-20241210054802-24370beab758
 ## explicit; go 1.18
 k8s.io/utils/buffer
 k8s.io/utils/clock