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Based on what you are posting, it sounds like you are being blackmailed.
There isn't any connection between what the conduct you are being accused of (exchanging sexually explicit photos with a minor) and paying for school supplies/equipment.
Most of these scams rely on their victim's fear of being implicated in a sex crime to prevent them from going to law enforcement (if this was actually a situation where a parent found their child was being sexually exploited they would contact the police).
You can contact your local police department and report this.
Document what happened for your own records.
You can call local law enforcement if you like.