$re = '/\@((TIME|NOW|TODAY)\([^@]*?\)\s+[0-2]?[0-9]:[0-5][0-9]:[0-5][0-9])/';
$str = '@Time blah blah @TIME(1d) blah @NOW(12312) 12:32:25 blah @TODAY(12312) 12:32:25';
preg_match($re, $str, $matches, PREG_OFFSET_CAPTURE, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php