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<TYPE>EX-99
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<FILENAME>ltrsign303.txt
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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 Funds disclosure controls
and procedures as of May 19, 2003(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
      New York Municipal Value Fund, Inc.

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

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

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

5. light of the circumstances under which such statements

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

7. covered by this report;


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

4.     The registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure
controls and procedures (as defined in rule 30a-2(c) under the
 Investment Company Act) for the registrant and have:
a) designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the 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
 disclosed, based on our most recent evaluation, to the
registrant's auditors and the audit committee of the registrant's
board of directors (or persons performing the equivalent
functions):
a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's
ability to record, process, summarize, and report financial data
and have identified for the registrant's auditors any material
weaknesses in internal 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
9. factors that could significantly affect internal
10. controls subsequent to the date of our most recent
11. evaluation, including any corrective actions with
12. regard to significant deficiencies and material
13. weaknesses.


Date: 5/28/03







/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
responsible for establishing and maintaining disclosure
controls and procedures (as defined in rule 30a-2(c) under the
Investment Company Act) for the registrant and have:
a) designed such disclosure controls and procedures to ensure
that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the 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
disclosed, based on our most recent evaluation, to the
registrant's auditors and the audit committee of the registrant's
board of directors (or persons performing the equivalent
functions):
a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's
ability to record, process, summarize, and report financial data
and have identified for the registrant's auditors any material
weaknesses in internal 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
9. factors that could significantly affect internal controls
10. subsequent to the date of our most recent evaluation,
11. including any corrective actions with regard to
12. significant deficiencies and material weaknesses.


Date: 5/28/03




/s/ Gifford R. Zimmerman
Gifford R. Zimmerman

Chief Administrative Officer

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