The governing board of any municipal corporation shall have power to offer, appropriate and pay rewards of not more than one thousand dollars for information which shall lead to detection, arrest and conviction of a person or persons guilty of a misdemeanor and not more than twenty-five thousand dollars for information which shall lead to the detection, arrest and conviction of a person or persons guilty of a felony or felonies; provided, however, that no police officer, peace officer, or any other law enforcement officer or official shall be entitled, directly or indirectly, to collect any such reward.
New York Legal Code