Two bare bones ideas...
Use a low voltage supply, AC or DC and a relay that is half the supply voltage (6V relay on 12V supply for example). Across the LV power supply wire the relay coil, an open set of relay contacts, and the resistor all in series. Use a momentary switch across the relay contacts. Pressing the switch should cause the relay to pull in and latch. If not, adjust the resistor value until it does. Now if using AC, put a triac MT1, MT2 terminals or if using DC, SCR terminals A, K across the relay coil so when it conducts the relay coil is shunted. This causes the relay to drop out, opening the contacts and turning off the power to the circuit. Sense the water between the SCR Gate / Anode or the TRIAC Gate and MT2 terminals with probes, or a probe on the gate and the other grounded terminal If the circuit false triggers because it is too sensitive add a pair of resistors to form a voltage divider between the gate and the probe. Other contacts on the relay can be used for the control you desire. This design is not too eco-friendly since the relay draws power and the resistor will dissipate heat all the time until triggered.
SO...
Use a low voltage supply, AC or DC. Across the power supply, the relay coil, in series with either. a triac MT1, MT2 if using AC or a scr terminals A, K if using DC so when the scr or triac is triggered the relay coil is energized. If using the scr, the relay should latch and not release until power is removed. If using the triac, a set of N/O relay contacts across the MT1,MT2 terminals will be needed to latch the relay. In either circuit, removing power will unlatch the relay. Sense the water between the scr Gate / Anode or the TRIAC Gate and MT2 terminals with probes, or a probe on the gate and the other grounded terminal If the circuit false triggers because it is too sensitive add a pair of resistors to form a voltage divider between the gate and the probe. Other contacts on the relay can be used for the control you desire. This design is eco-friendly since the relay draws power only when in use.
I would personally use a wall power pack, the scr and a dc relay for simplicity.
Could it be done other ways? Sure! There are alternating and lock/unlock relay and using solid state is even an option but it depends on cost, space and the load power you want to control but I think simplicity is the keyword here.
Questions? feel free!
Len
Footnote:
I once saw a science fair project using an aspirin tablet between two spring contacts to sense water. The aspirin melts, contacts close!