N.Y. Comp. Codes R. & Regs. tit. 9, § 2811.3
(a) The following are restricted from holding voting board membership, serving as officers of the company and/or staff management positions, except where otherwise required by statute:
(b) The following shall not receive any compensation whatsoever from a recipient organization, directly or indirectly, for services or goods rendered to such organization unless the goods or services are provided pursuant to an award or contract let, unless otherwise required, after a good faith effort to obtain competitive prices is made, the results of which were reported in writing prior to the award of the contract and were approved by the Division of Housing and Community Renewal, which approval shall be based on comparison to arm's length transactions and the needs of the project: