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Snedden said officials were gathering as much information as they could about the threat.
BBC: SPORT | Cricket | NZ may abandon tour
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However, Snedden refused to accept the side's World Cup build-up would be adversely affected.
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Harold Snedden of the 28th Division marched through Paris on liberation day.
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"NZC has great compassion for the people of Sri Lanka and what they have suffered during this terrible time, " said NZC chief executive Martin Snedden.
BBC: SPORT | Cricket | Other International | Sri Lanka | Sri Lanka tour of NZ to carry on
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But NZC chief executive Martin Snedden later acknowledged that the Pakistan government and the PCB had done "everything reasonably possible" to guarantee the safety of the team.
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Foreign Minister Phil Goff, who has threatened to refuse visas for Zimbabwe's players when they make a reciprocal tour later in the year, said he understood Snedden's position.
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Mr Snedden insists it is hosting the tournament that matters.
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He went for nought for 92 off 10 overs, fourth on the all-time worst one-day bowling-figure list behind New Zealand's Martin Snedden, and Sri Lanka pair Ashantha De Mel and Sanath Jayasuriya.
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Snedden warned, however, that if the government prevented Zimbabwe from touring, it could have dire effect on the game in New Zealand in the short term and their hopes of co-hosting the 2011 World Cup with Australia.
BBC: They are between a rock and a hard place