2006 New York Code - Prohibition Upon Members And Employees.

 
    § 13-539 Prohibition upon members and employees. Except as provided in
  this  chapter,  the  members  and  employees of the retirement board are
  prohibited from having any interest,  directly  or  indirectly,  in  the
  gains  or  profits  of any investment made by the retirement board or as
  such, directly or indirectly, from receiving any pay  or  emolument  for
  their  services.  The  members  and  employees of such retirement 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 member or employee become
  an endorser or surety or become in any  manner  an  obligor  for  moneys
  loaned by or borrowed of such board.