If "supply" is a verb (ex. "to supply goods"), then a possible antonym would be "to withhold". However, in the sentence you provide, "supply" functions as a noun ("the water supply").
"Supply" as a noun doesn't really have an antonym. It is similar to words like "amount," "weight," and "size." I don't know exactly how to explain this, but notice that all these words describe a general notion of measurement, and can be described by antonymous adjetives:
Heavy weight / light weight
a large size / a small size
a large amount / a small amount
an abundant supply/ an insufficient supply
If you want to negate a phrase like "regular supply" you would negate "regular" (i.e. use "irregular") rather than change "supply."
I hope this helps.