Will not come out of tow/haul mode

Tow/haul mode enables the operator to achieve enhanced shift performance when towing or hauling a load. When tow/haul mode is selected, the tow/haul switch input signal to the body control module (BCM) is momentarily toggled to zero volts. This signals the powertrain control module (PCM) to extend the length of time between upshifts and increase transmission line pressure. Cycling the tow/haul switch again disables tow/haul mode and returns the transmission to a normal shift pattern.

Would't trust it , take an have DTC'S - diagnostic trouble codes checked by a qualified repair shop with a factory or professional scan tool . Auto part stores can not check BCM code's .
DTC B2722

Tow/Haul Switch/Indicator Always On or Inoperative

Step
Action
Value(s)
Yes
No
1
Install a Scan Tool .
Turn ON the ignition, with the engine OFF.
Cycle the tow/haul switch while observing Tow/Haul Mode on the Scan Tool .
Does the Scan Tool display Active when the switch is first pressed, and then Inactive when the switch is pressed again?
--
Go to Intermittent Conditions in Engine Controls - 4.3 L or Intermittent Conditions in Engine Controls - 4.8 L, 5.3 L and 6.0 L
Go to Step 2

You need to have a diagnostic scan tool hooked up ,glitch in one of the control modules or a wire in the circuit shorting to ground ! probably something simple but hard to find ! With a factory scan tool they can check the input signal to the BCM ,PCM .
Tow/Haul mode enables the operator to achieve enhanced shift performance when towing or hauling a load. When tow/haul mode is selected, the tow/haul switch input signal to the body control module (BCM) is momentarily toggled to zero volts. This signals the powertrain control module (PCM) or transmission control module (TCM) to extend the length of time between upshifts and increase transmission line pressure. Cycling the tow/haul switch again, or cycling the ignition switch disables tow/haul mode and returns the transmission to a normal shift pattern.

That light means that the shift points have changed on the transmission. This is to get better economy when hauling. If it wont stop flashing then there is a valve in the transmission that is bad or sticking. You will have to have it removed and overhauled..

run the fault codes
check for problem torque converter servo/ solenoid , VSS or TCM units

Where is the question this appears to be a statement of an answer to another previous question

could be the switch or modual.check wiring for worn through or earthing.

I had a problem with my tow/haul button not working. I came to find out that the gear shift had cut the wire running to the button in two. You may want to check that.

I have found that on three silverado's there is a plastic clamp on the bottom side of steering column where the wires become broken and can short out. You have to remove the column covers to see this, it should be claser to the lowe dash trim panel area needs a shifter to repair unless you can fix that little wire!

tow in tow/haul and use 4x4 when necessary..it is how the truck is designed ..... :) have a good day

Hi, the problem is when you are tilting the steering wheel all the way up it's putting to much tenstion on the wires that come outof your shifter that run to the tow/haul button. i am 99% sure your wires are disconected. rewire them and add some extra wire so next time there will be more slack in your wires.