Laws of New York (Last Updated: November 21, 2014)

Section 30. Legislative power

Latest version.

The legislative power of the city is vested
  in the common council thereof, and it has authority to enact ordinances,
  not inconsistent with law, for  the  government  of  the  city  and  the
  management  of  its  business, for the preservation of good order, peace
  and health, for the safety  and  welfare  of  its  inhabitants  and  the
  protection  and security of their property; and its authority, except as
  otherwise provided in this chapter, or by law, is legislative only.

                    
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