Section 26. Salaries and allowances

a. The salary of the public advocate
  shall be one hundred sixty-five thousand dollars a year.
    b. The salary of each council  member  shall  be  one  hundred  twelve
  thousand  five  hundred  dollars a year. In addition any council member,
  while serving as  a  committee  chairperson  or  other  officer  of  the
  council,  may  also  be  paid,  in addition to such salary, an allowance
  fixed by resolution, after a hearing, for the particular and  additional
  services pertaining to the additional duties of such position.
    c.   If  prior  to  the  enactment  of  a  local  law  increasing  the
  compensation of council members, the council establishes a commission to
  study and make recommendations for changes in the compensation levels of
  council  members,  or  if  it  otherwise  causes  an  analysis  of  such
  compensation  levels  to  be made to assist it in its consideration of a
  local law, such study  or  analysis  may  include  an  analysis  of  the
  benefits,  detriments,  costs  and  impacts  of  placing restrictions on
  earned income derived by council members from sources other  than  their
  council salary.