Deactivating a Subscription Level

Does deactivating a Subscription level suspend paypal automatic payments from the user? Football season is over and I want to know that I can just deactivate the subscription level and not have my users be billed/have automatic payments payed out to my site. We just won't be putting up new content so I don't want to be billing users for nothing. I want to just keep the set-up by not completely deleting it.