2006 New York Code - Officials Not To Be Interested In Sales, Leases Or Contracts.

 
    § 410. Officials  not  to be interested in sales, leases or contracts.
  A public officer or school officer, who is authorized to sell  or  lease
  any  property,  or  to make any contract in his official capacity, or to
  take part in making any such sale, lease or  contract,  who  voluntarily
  becomes  interested  individually  in  such  sale,  lease  or  contract,
  directly or indirectly, except  in  cases  where  such  sale,  lease  or
  contract,  or payment under the same, is subject to audit or approval by
  the commissioner  of  education,  is  guilty  of  a  misdemeanor.    The
  provisions  of  this  section  shall not apply to municipal officers and
  employees subject to article eighteen of the general municipal law.