No it doesn't, but it does work the way I posted it: Under RAW there are magic item creation rules, these RAW rules permit a players who wants a specific item using core crafting feats and core spells to confer with his DM regarding using the item in his game and at what cost by RAW.
The DM can always say No but most DMs are reasonable, if a player requests to introduce a specific magic item in a game UTILIZING the RAW Magic Item Creation rules as part of his suggested wealth by level, the majority of DMs will grant the player the courtesy of considering his request and the impact of the item on "their" game and IMO most DMs will allow it in some form if it adheres to the item creation rules unless it is to unbalancing for their game or campaign.
IMO most DMS who wouldn't allow a PC to acquire a sack full of Candle of Invocations will allow the same PC to use a magic item or two designed using the magic item creation rules unless it is to unbalancing for their game or campaign.