Hi Jay,

K8s 1.24 needs containerd so you need to add an additional label. You also need to cange the hyperkube prefix.

labels:
  container_runtime: containerd
  hyperkube_prefix: docker.io/rancher/
  kube_tag: v1.24.16-rancher1

The following template works just fine for me under Antelope 2023.1 deployed with Kolla-Ansible:

openstack coe cluster template create k8s-flan-small-37-v1.24.16-containerd --image Fedora-CoreOS-37 --keypair mykey --external-network public --fixed-network demo-net --fixed-subnet demo-subnet --dns-nameserver <ip_of_your_dns> --flavor m1.kubernetes.small --master-flavor m1.kubernetes.small --volume-driver cinder --docker-volume-size 10 --network-driver flannel --docker-storage-driver overlay2 --coe kubernetes --labels kube_tag=v1.24.16-rancher1,hyperkube_prefix=docker.io/rancher/,container_runtime=containerd

(2023.1) [vagrant@seed ~]$ openstack coe cluster template show k8s-flan-small-37-v1.24.16-containerd -f yaml
insecure_registry: '-'
labels:
  container_runtime: containerd
  hyperkube_prefix: docker.io/rancher/
  kube_tag: v1.24.16-rancher1
updated_at: '2023-08-14T07:25:09+00:00'
floating_ip_enabled: true
fixed_subnet: demo-subnet
master_flavor_id: m1.kubernetes.small
uuid: bce946ef-6cf7-4153-b858-72b943c499a2
no_proxy: '-'
https_proxy: '-'
tls_disabled: false
keypair_id: mykey
public: false
http_proxy: '-'
docker_volume_size: 10
server_type: vm
external_network_id: 60335752-0c01-40b0-b152-365b23576309
cluster_distro: fedora-coreos
image_id: Fedora-CoreOS-37
volume_driver: cinder
registry_enabled: false
docker_storage_driver: overlay2
apiserver_port: '-'
name: k8s-flan-small-37-v1.24.16-containerd
created_at: '2023-08-10T15:16:00+00:00'
network_driver: flannel
fixed_network: demo-net
coe: kubernetes
flavor_id: m1.kubernetes.small
master_lb_enabled: false
dns_nameserver:
hidden: false
tags: '-'

(2023.1) [vagrant@seed ~]$ kubectl get nodes -o wide
NAME                               STATUS   ROLES    AGE   VERSION    INTERNAL-IP   EXTERNAL-IP    OS-IMAGE                        KERNEL-VERSION          CONTAINER-RUNTIME
containerd-j5ob3gd2dvqo-master-0   Ready    master   78m   v1.24.16   10.0.0.125    192.168.4.134   Fedora CoreOS 37.20221127.3.0   6.0.9-300.fc37.x86_64   containerd://1.4.4
containerd-j5ob3gd2dvqo-node-0     Ready    <none>   71m   v1.24.16   10.0.0.71     192.168.4.132   Fedora CoreOS 37.20221127.3.0   6.0.9-300.fc37.x86_64   containerd://1.4.4

(2023.1) [vagrant@seed ~]$ kubectl get pods -A
NAMESPACE     NAME                                          READY   STATUS    RESTARTS   AGE
kube-system   coredns-7f4bcd98d7-9vjzk                      1/1     Running   0          77m
kube-system   coredns-7f4bcd98d7-wnc7h                      1/1     Running   0          77m
kube-system   csi-cinder-controllerplugin-dc7889b4f-vk4jd   6/6     Running   0          77m
kube-system   csi-cinder-nodeplugin-l8dqq                   3/3     Running   0          71m
kube-system   csi-cinder-nodeplugin-zdjg6                   3/3     Running   0          77m
kube-system   dashboard-metrics-scraper-7866c78b8-d66mg     1/1     Running   0          77m
kube-system   k8s-keystone-auth-c9xjs                       1/1     Running   0          77m
kube-system   kube-dns-autoscaler-8f9cf4c99-kq6j5           1/1     Running   0          77m
kube-system   kube-flannel-ds-qbw9l                         1/1     Running   0          71m
kube-system   kube-flannel-ds-xrbmp                         1/1     Running   0          77m
kube-system   kubernetes-dashboard-d78dc6f78-2qklq          1/1     Running   0          77m
kube-system   magnum-metrics-server-564c9cdd6d-2rxpc        1/1     Running   0          77m
kube-system   npd-8xkbk                                     1/1     Running   0          70m
kube-system   openstack-cloud-controller-manager-46qsl      1/1     Running   0          78m

I have a blog where I blog about OpenStack related stuff. One of my older blog posts is also about deploying K8s via Magnum:

https://www.roksblog.de/deploy-kubernetes-clusters-in-openstack-within-minutes-with-magnum/

Cheers,
Oliver