what tax status will the company have?
if it is a "pass-through" tax entity such as an "S" corporation, you will be taxed on the company's net income. "Salary" is then a fiction and should better be called something else.
however, you are still subject to quarterly estimated tax payments, including estimated social insurance taxes.
Only if the corporation is taxable [Form 1120, etc.] does it withhold taxes from your salary, etc.
I'm not in NY and I'm fairly sure that those silly NY labor law requirements you mention do not apply to what amounts to a self-employed individual. What would be the point? you're the owner, manager, and employee all in one -- if you won't do right by yourself, why should the state care?