The new law permits pedestrians to cross a roadway at any point, including outside of a crosswalk. It also allows for crossing against traffic signals and specifically states that doing so is no longer a violation of the city’s administrative code. But the new law also warns that pedestrians crossing outside of a crosswalk do not have the right of way and that they should yield to other traffic that has the right of way.
There are plenty of places you’re not allowed to walk for your own safety and the safety of others. It’s not a crazy concept, although I do think that jaywalking should be legal