There is a newer version of the New York Consolidated Laws
2006 New York Code - Transfer Of Councilmanic Chairs At Termination Of Office.
§ 3-204.2 Transfer of councilmanic chairs at termination of office. (a) The city clerk, clerk of the council shall have the power at the request of any member of the council who shall hereafter resign or whose term of office shall hereafter terminate, or a surviving spouse or domestic partner of such member, to sell and transfer to such member or to such surviving spouse or domestic partner the chair last occupied by such member in the councilmanic chamber for the fair market value as determined by the commissioner of citywide administrative services, depositing any monies received from such sale with the commissioner of finance; provided however, that a written request therefor accompanied by the payment herein provided be submitted to the city clerk, clerk of the council within sixty days after any such resignation or termination of term of office. The commissioner of citywide administrative services shall upon notice from the city clerk, clerk of the council make prompt replacement of such chair so transferred or sold. (b) The provisions of this section shall apply solely to members of the council who have been elected at a general election. (c) The provision of this section shall be effective notwithstanding the provisions of any general or special law or provision or regulation relating to the disposal of personal property and any such statute, or part, or parts thereof are hereby superseded.
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