N.Y. Educ. Law § 410

§ 410. Officials not to be interested in sales, leases or contracts.\nA public officer or school officer, who is authorized to sell or lease\nany property, or to make any contract in his official capacity, or to\ntake part in making any such sale, lease or contract, who voluntarily\nbecomes interested individually in such sale, lease or contract,\ndirectly or indirectly, except in cases where such sale, lease or\ncontract, or payment under the same, is subject to audit or approval by\nthe commissioner of education, is guilty of a misdemeanor. The\nprovisions of this section shall not apply to municipal officers and\nemployees subject to article eighteen of the general municipal law.\n