Based on the example ✶rinsa > S. riss “cleft, cloven, separate” (PE17/87), it seems that [ns] became [ss] in (Old?) Sindarin and (Old?) Noldorin. In the history of Welsh, -ms-, -ns- > -ss- in Proto-Keltic (WGHC/§95iii), so Tolkien could have modeled the sound change after that. Some 1957 notes on nasal mutation indicates this sound change was a factor in the (archaic) nasal mutation of voiceless lh, rh from primitive initial sl, sl:

Late forms as nan-h as for vowels, archaic nath-r, nath-l for nan-rh, nan-lh. nan|sr > nassr > nathr (PE17/147).

It was probably also a factor in the nasal mutation for s [in·s > is·s > i·s]:

• S. Echad i Sedryn “Camp of the Faithful” (UT/153).

Tolkien mentioned this sound change in notes on the Noldorin usage of the Feanorian Alphabet from the 1940s, though he seems to have been uncertain of the exact development:

Since ns became {ss >>} s, while final n was usually lost in early Exilic [Noldorin]... (PE17/147).

There is another mention of this sound change in notes on Quenya verbs from the 1940s, attributing ns > ss to Primitive Elvish:

s. This became [z] medially; but ns became prehistorically (common to Noldorin and Quenya) > ss (PE22/103).

There was a similar (and better documented) sound change in Ancient Quenya, which further supports the idea that this phonetic development could have occurred in Common Eldarin, but the fact that this sound change was a factor in Sindarin nasal mutation points to a later (and parallel) phonetic development. In Quenya (and Welsh) ms > ns > ss as well, so the same may have been true in Sindarin.

Conceptual Development: There are couple examples of ns in isolated names from Noldorin and Gnomish: N. Pensarn (TI/366) and G. Bansil (LT2/214), but these could be explained as later compounds and the combination is rare enough that the exact phonetic developments are unclear.

Neo-Sindarin: It is probably best to assume that this was an old sound change and does not apply to later compounds. @@@ What about nasal mutation, though?