As long as you have a sufficient balance of Crysta on your account, the appropriate amount will be automatically deducted when the subscription is renewed. However, if your balance is insufficient, the reoccurring option will be automatically canceled. When you wish to reactivate it, you will then need to add Crysta to cover the fee.

Cancelling your reoccurring option (previously Content ID) will stop billing, and yes, you will be able to reactivate it a later time.