There is a newer version of the New York Consolidated Laws
2006 New York Code - Interest Of Members Or Employees Of Authority In Contracts Prohibited.
§ 1319. Interest of members or employees of authority in contracts prohibited. It shall be a misdemeanor for a member of the authority or an officer, agent, servant or employee employed by or appointed by the authority, to be in any way or manner interested, directly or indirectly, as principal, surety or otherwise, in a contract, the expense or consideration whereof is payable out of the funds of the authority.
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