2006 New York Code - Prohibition Upon Trustees And Employees.

 
    §  13-139  Prohibition upon trustees and employees. Except as provided
  in this chapter, the trustees and employees of such board are prohibited
  from having any interest,  directly  or  indirectly,  in  the  gains  or
  profits  of any investment of the retirement system or as such, directly
  or indirectly, from receiving any pay or emolument for  their  services.
  The  trustees  and  employees of such board, directly or indirectly, for
  themselves or as agents or partners of others, shall not borrow  any  of
  its  funds or deposits or in any manner use the same except to make such
  current and necessary payments as are  authorized  by  such  board;  nor
  shall  any  such  trustee  or  employee  become an indorser or surety or
  become in any manner an obligor for moneys loaned by  or  borrowed  from
  such board.