How Does NTP Work?
The Network Time Protocol (NTP) is a system for synchronizing the clocks of hosts and clients across the Internet. NTP is a protocol intended to synchronize all computers participating in the network to within a few milliseconds of Coordinated Universal Time (UTC). The core of the protocol is NTP’s clock discipline algorithm that adjusts the local computer’s clock time and tick frequency in response to an external source — such as another trusted NTP server, a radio or satellite receiver, or a telephone modem.
Source: sookocheff.com