@Felthry cover the remote's IR transmitter while holding one of the volume buttons, then let it go again and you should have your answer
most I think are handled on the remote's side
@Felthry if it's handled by the remote, the volume will resume raising/lowering at repeat speed once you uncover the transmitter
if it was being handled by the TV itself it would be treated like a new button press, thus wouldn't immediately repeat
@KS Oh, good point!
@KS I'm not sure I see how this gives the answer?