The case was dismissed and the records sealed, as I understand this story so far.
More details here...
Both reports say that Ritter later struck a deal with Assistant District Attorney Cynthia Preiser that allowed the case to be dismissed and the records sealed. The reports also say Preiser was fired on Friday for failing to inform Albany County District Attorney Paul Clyne of the case.
However, NewsChannel 13 reported in June 2001 about an arrest of a 39-year-old William Ritter of Delmar on charges he tried to lure a 16-year-old girl he met on the Internet to a Burger King in Menands. According to police, the intent of that meeting was so that she could watch him perform sexual acts on himself.