rsync - Feb 2009 - Time slot back schema

Hi List,
Does Rsync support time slot back schema?

E.G. (same local folder and remote destination)
1) first backup at 2008-12-24
2) second backup at 2009-02-12

But something bad happens to 2209-02-12, I need to restore files to
first backup. Is there any way to do so? 

Any help is mostly appreciated. Thanks.

Daniel