N.Y. Transportation Law § 47: Disqualification of members and employees

§ 47. Disqualification of members and employees. No member or employee

of the Utica transit authority should have any interest, financial or

otherwise, direct or indirect, or engage in any business or transaction

or professional activity or incur any obligation of any nature, which is

in substantial conflict with the proper discharge of his duties, in the

public interest. If any member or employee of the Utica transit

authority owns or controls an interest, financial or otherwise, direct

or indirect, in any property included in any project, which was acquired

prior to his appointment or employment, he shall disclose such interest

and the date of acquisition thereof in writing to the Utica transit

authority prior to such appointment and such disclosure shall be entered

upon the minutes of the Utica transit authority.