(A) When a vehicle located within the corporate limits of this municipality is authorized to be towed away by the Chief of Police and disposed of as set forth in this traffic code, the proceeds of the public sale or disposition after the deduction of towing, storage and processing charges shall be deposited in the municipal treasury.
(B) The provisions of this section shall not apply to vehicles disposed of or sold at public sale under subsection (k) of § 4-107 of the Illinois Vehicle Code.
(625 ILCS 5/4-211(a), 5/4-211(c))