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<SEC-DOCUMENT>0001083839-03-000082.txt : 20030331
<SEC-HEADER>0001083839-03-000082.hdr.sgml : 20030331
<ACCEPTANCE-DATETIME>20030331161514
ACCESSION NUMBER:		0001083839-03-000082
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20020930
FILED AS OF DATE:		20030331
EFFECTIVENESS DATE:		20030331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN NEW YORK MUNICIPAL VALUE FUND INC
		CENTRAL INDEX KEY:			0000818850
		IRS NUMBER:				363529057
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05238
		FILM NUMBER:		03630969

	BUSINESS ADDRESS:	
		STREET 1:		333 W WACKER DR
		STREET 2:		32ND FL
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129177794

	MAIL ADDRESS:	
		STREET 1:		333 W. WACKER DR
		STREET 2:		32ND FL
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
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<TEXT>
<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  6
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080 B000000 CONTINENTAL CASUALTY, AIG, GULF
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SIGNATURE   STEVEN D. FOY
TITLE       VP & CONTROLLER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>audiltr902.txt
<TEXT>

REPORT OF INDEPENDENT AUDITORS


The Board of Trustees/Directors
Nuveen Exchange-Traded Funds

In planning and performing our audit of the financial
statements of each of the Nuveen Exchange-Traded
Funds listed in Exhibit A attached hereto (the "Funds")
for the year ended September 30, 2002, we considered
its internal control, including control activities for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with
the requirements of Form N-SAR, and not to provide
assurance on internal control.

The management of the Funds is responsible for
establishing and maintaining internal control.  In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits
and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that
are fairly presented in conformity with accounting
principles generally accepted in the United States.
Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error
or fraud may occur and not be detected.  Also, projection
of any evaluation of internal control to future periods is
subject to the risk that it may become inadequate
because of changes in conditions or that the
effectiveness of the design and operation may
deteriorate.

Our consideration of internal control would not
necessarily disclose all matters in internal control that
might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in
which the design or operation of one or more of the
internal control components does not reduce to a
relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions.  However, we noted no matters
involving internal control, and its operation, including
controls for safeguarding securities, that we consider to
be material weaknesses as defined above as of
September 30, 2002.


This report is intended solely for the information and use
of the Board of Trustees/Directors and management of
the Funds and the Securities and Exchange Commission
and is not intended to be and should not be used by
anyone other than these specified parties.

/s/ ERNST & YOUNG LLP

Chicago, Illinois
November 11, 2002


Exhibit A

Nuveen New York Municipal
Value Fund, Inc.

Nuveen New York Performance
Plus Municipal Fund, Inc.

Nuveen New York Investment
Quality Municipal Fund, Inc.

Nuveen New York Select Quality
Municipal Fund, Inc.

Nuveen New York Quality
Income Municipal Fund, Inc.

Nuveen Insured New York
Premium Income Municipal
Fund, Inc.

Nuveen New York Dividend
Advantage Municipal Fund

Nuveen New York Dividend
Advantage Municipal Fund 2

Nuveen Insured New York

Dividend Advantage Municipal

Fund








</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>signltr902.txt
<TEXT>
Sub-Item 77Q3.


i) & ii)	i) & ii)	Stephen D. Foy, as Vice President,
Controller and principal financial officer and Gifford R.
 Zimmerman, Chief Administrative Officer and principal
executive officer of the Nuveen Funds, hereby reports, with
respect to this Form N-SAR report, that Fund management has
evaluated the effectiveness of the Fund's disclosure controls
and procedures as of November 21, 2002(the "Evaluation
 Date"), which is within 90 days prior to the filing date of the
report, and concluded that those disclosure controls and
 procedures were adequate and effective as of the Evaluation
Date; and that Fund management has concluded that there
were no significant changes in internal controls or in other
factors that could significantly affect internal controls
subsequent to the date of their most recent evaluation, and
there were no corrective actions with regard to significant
deficiencies and material weaknesses.














































iii) CERTIFICATIONS

I, Stephen D. Foy, certify that:

1. I have reviewed this report on Form N-SAR of Nuveen
2. New York Municipal Value Fund, Inc ;

3. Based on my knowledge, this report does not contain any

4. untrue statement of a material fact or omit to state a

5. material fact necessary to make the statements made, in

6. light of the circumstances under which such statements

7. were
8.  made, not misleading with respect to the period covered
9. by this report;


10. Based on my knowledge, the financial information
11. included in this report, and the financial statements on
12. which the financial information is based, fairly present in
13. all material respects the financial condition, results of
14. operations, changes in net assets, and cash flows (if the
15. financial statements are required to include a statement of
16. cash flows) of the registrant as of, and for, the periods
17. presented in this report;

4. The registrant's other certifying officers and I are
5. responsible for establishing and maintaining disclosure
6. controls and procedures (as defined in rule 30a-2(c) under
7. the Investment Company Act) for the registrant and have:
a) designed such disclosure controls and procedures to
b) ensure
c) that material information relating to the registrant,
d) including its consolidated subsidiaries, is made known to
e) us by others within those entities, particularly during the
f) period in which this report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the
filing date of this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have
6. disclosed, based on our most recent evaluation, to the
7. registrant's auditors and the audit committee of the
8. registrant's board of directors (or persons performing the
9. equivalent functions):
a) all significant deficiencies in the design or operation of
b) internal controls which could adversely affect the
c) registrant's ability to record, process, summarize, and
d) report financial data and have identified for the registrant's
auditors any material weaknesses in internal
e) controls; and
b) any fraud, whether or not material, that involves
management or other employees who have a significant role in
the registrant's internal controls; and

6. The registrant's other certifying officers and I have
7. indicated in this report whether or not there were
8. significant changes in internal controls or in other factors
9. that could significantly affect internal controls subsequent
10. to the date of our most recent evaluation, including any
11. corrective actions with regard to significant deficiencies
12. and material weaknesses.


Date: 10/30/2002










/s/ Stephen D. Foy
Stephen D. Foy
Vice President and Controller


I, Gifford R. Zimmerman, certify that:

1. I have reviewed this report on Form N-SAR of Nuveen
2. New York Municipal Value Fund, Inc. ;

3. Based on my knowledge, this report does not contain any

4. untrue statement of a material fact or omit to state a

5. material fact necessary to make the statements made, in

6. light of the circumstances under which such statements

7. were made, not misleading with respect to the period

8. covered by this report;


9. Based on my knowledge, the financial information
10. included in this report, and the financial statements on
11. which the financial information is based, fairly present in
12. all material respects the financial condition, results of
13. operations, changes in net assets, and cash flows (if the
14. financial statements are required to include a statement of
15. cash flows) of the registrant as of, and for, the periods
16. presented in this report;

4. The registrant's other certifying officers and I are
5. responsible for establishing and maintaining disclosure
6. controls and procedures (as defined in rule 30a-2(c) under
7. the Investment Company Act) for the registrant and have:
a) designed such disclosure controls and procedures to
b) ensure
c) that material information relating to the registrant,
d) including its consolidated subsidiaries, is made known to
e) us by others within those entities, particularly during the
f) period in which this report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the
filing date of this report (the "Evaluation Date"); and
c) presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have
6. disclosed, based on our most recent evaluation, to the
7. registrant's auditors and the audit committee of the
8. registrant's board of directors (or persons performing the
9. equivalent functions):
a) all significant deficiencies in the design or operation of
b)  internal controls which could adversely affect the
c) registrant's ability to record, process, summarize, and
d) report financial data and have identified for the
e)  registrant's auditors any material weaknesses in internal
f) controls; and
b) any fraud, whether or not material, that involves
management or other employees who have a significant role in
the registrant's internal controls; and

6. The registrant's other certifying officers and I have
7. indicated in this report whether or not there were
8. significant changes in internal controls or in other factors
9. that could significantly affect internal controls subsequent
10. to the date of our most recent evaluation, including any
11. corrective actions with regard to significant deficiencies
12. and material weaknesses.


Date: 10/30/2002










/s/ Gifford R. Zimmerman
Gifford R. Zimmerman
Chief Administrative Officer

</TEXT>
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</SEC-DOCUMENT>
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