diff --git a/pkg/apis/flowcontrol/install/install.go b/pkg/apis/flowcontrol/install/install.go
index 658e1d108e8..0f5df9d6981 100644
--- a/pkg/apis/flowcontrol/install/install.go
+++ b/pkg/apis/flowcontrol/install/install.go
@@ -40,9 +40,6 @@ func Install(scheme *runtime.Scheme) {
 	utilruntime.Must(flowcontrolv1beta1.AddToScheme(scheme))
 	utilruntime.Must(flowcontrolv1beta2.AddToScheme(scheme))
 	utilruntime.Must(flowcontrolv1beta3.AddToScheme(scheme))
-	// TODO(#112512): This controls serialization order, for 1.26, we can
-	//  set the serialization version to v1beta2 because vN-1 understands that
-	//  level. In 1.27, we should set the serialization version to v1beta3.
-	utilruntime.Must(scheme.SetVersionPriority(flowcontrolv1beta2.SchemeGroupVersion, flowcontrolv1beta3.SchemeGroupVersion,
+	utilruntime.Must(scheme.SetVersionPriority(flowcontrolv1beta3.SchemeGroupVersion, flowcontrolv1beta2.SchemeGroupVersion,
 		flowcontrolv1beta1.SchemeGroupVersion, flowcontrolv1alpha1.SchemeGroupVersion))
 }
diff --git a/pkg/controlplane/storageversionhashdata/data.go b/pkg/controlplane/storageversionhashdata/data.go
index b7dd6f7844e..dc0b0936958 100644
--- a/pkg/controlplane/storageversionhashdata/data.go
+++ b/pkg/controlplane/storageversionhashdata/data.go
@@ -82,8 +82,8 @@ var GVRToStorageVersionHash = map[string]string{
 	"admissionregistration.k8s.io/v1/mutatingwebhookconfigurations":    "Sqi0GUgDaX0=",
 	"admissionregistration.k8s.io/v1/validatingwebhookconfigurations":  "B0wHjQmsGNk=",
 	"events.k8s.io/v1/events":                                          "r2yiGXH7wu8=",
-	"flowcontrol.apiserver.k8s.io/v1beta3/flowschemas":                 "G+8IkrqFuJw=",
-	"flowcontrol.apiserver.k8s.io/v1beta3/prioritylevelconfigurations": "wltM4WMeeXs=",
-	"flowcontrol.apiserver.k8s.io/v1beta2/flowschemas":                 "G+8IkrqFuJw=",
-	"flowcontrol.apiserver.k8s.io/v1beta2/prioritylevelconfigurations": "wltM4WMeeXs=",
+	"flowcontrol.apiserver.k8s.io/v1beta3/flowschemas":                 "9NnFrw7ZEmA=",
+	"flowcontrol.apiserver.k8s.io/v1beta3/prioritylevelconfigurations": "+CwSrEWTDhc=",
+	"flowcontrol.apiserver.k8s.io/v1beta2/flowschemas":                 "9NnFrw7ZEmA=",
+	"flowcontrol.apiserver.k8s.io/v1beta2/prioritylevelconfigurations": "+CwSrEWTDhc=",
 }
diff --git a/test/integration/etcd/data.go b/test/integration/etcd/data.go
index 6651cea7b89..460b5966b6e 100644
--- a/test/integration/etcd/data.go
+++ b/test/integration/etcd/data.go
@@ -268,7 +268,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1alpha1", "flowschemas"): {
 			Stub:             `{"metadata": {"name": "va1"}, "spec": {"priorityLevelConfiguration": {"name": "name1"}}}`,
 			ExpectedEtcdPath: "/registry/flowschemas/va1",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "FlowSchema"),
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "FlowSchema"),
 		},
 		// --
 
@@ -276,7 +276,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1alpha1", "prioritylevelconfigurations"): {
 			Stub:             `{"metadata": {"name": "conf1"}, "spec": {"type": "Limited", "limited": {"assuredConcurrencyShares":3, "limitResponse": {"type": "Reject"}}}}`,
 			ExpectedEtcdPath: "/registry/prioritylevelconfigurations/conf1",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "PriorityLevelConfiguration"),
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "PriorityLevelConfiguration"),
 		},
 		// --
 
@@ -284,7 +284,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta1", "flowschemas"): {
 			Stub:             `{"metadata": {"name": "va2"}, "spec": {"priorityLevelConfiguration": {"name": "name1"}}}`,
 			ExpectedEtcdPath: "/registry/flowschemas/va2",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "FlowSchema"),
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "FlowSchema"),
 		},
 		// --
 
@@ -292,7 +292,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta1", "prioritylevelconfigurations"): {
 			Stub:             `{"metadata": {"name": "conf2"}, "spec": {"type": "Limited", "limited": {"assuredConcurrencyShares":3, "limitResponse": {"type": "Reject"}}}}`,
 			ExpectedEtcdPath: "/registry/prioritylevelconfigurations/conf2",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "PriorityLevelConfiguration"),
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "PriorityLevelConfiguration"),
 		},
 		// --
 
@@ -300,6 +300,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta2", "flowschemas"): {
 			Stub:             `{"metadata": {"name": "fs-1"}, "spec": {"priorityLevelConfiguration": {"name": "name1"}}}`,
 			ExpectedEtcdPath: "/registry/flowschemas/fs-1",
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "FlowSchema"),
 		},
 		// --
 
@@ -307,6 +308,7 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta2", "prioritylevelconfigurations"): {
 			Stub:             `{"metadata": {"name": "conf3"}, "spec": {"type": "Limited", "limited": {"assuredConcurrencyShares":3, "limitResponse": {"type": "Reject"}}}}`,
 			ExpectedEtcdPath: "/registry/prioritylevelconfigurations/conf3",
+			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta3", "PriorityLevelConfiguration"),
 		},
 		// --
 
@@ -314,7 +316,6 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta3", "flowschemas"): {
 			Stub:             `{"metadata": {"name": "fs-2"}, "spec": {"priorityLevelConfiguration": {"name": "name1"}}}`,
 			ExpectedEtcdPath: "/registry/flowschemas/fs-2",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "FlowSchema"),
 		},
 		// --
 
@@ -322,7 +323,6 @@ func GetEtcdStorageDataForNamespace(namespace string) map[schema.GroupVersionRes
 		gvr("flowcontrol.apiserver.k8s.io", "v1beta3", "prioritylevelconfigurations"): {
 			Stub:             `{"metadata": {"name": "conf4"}, "spec": {"type": "Limited", "limited": {"nominalConcurrencyShares":3, "limitResponse": {"type": "Reject"}}}}`,
 			ExpectedEtcdPath: "/registry/prioritylevelconfigurations/conf4",
-			ExpectedGVK:      gvkP("flowcontrol.apiserver.k8s.io", "v1beta2", "PriorityLevelConfiguration"),
 		},
 		// --