Eaton Vance New York Municipal Income Trust (AMEX: EVY) (the ?Trust?), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended August 31, 2006. The Trust's fiscal year ends on November 30, 2006.

For the three months ended August 31, 2006, the Trust had net investment income of $1,343,815 ($0.250 per common share). From this amount, the Trust paid dividends on preferred shares of $341,235 (equal to $0.063 for each common share), resulting in net investment income after the preferred dividends of $1,002,580 or $0.187 per common share. The Trust's net investment income for the nine months ended August 31, 2006 was $3,983,910 ($0.741 per common share, before deduction of the preferred share dividends totaling $0.181 per common share), resulting in net investment income after the preferred dividends of $0.560 per common share. In comparison, for the three months ended August 31, 2005, the Trust had net investment income of $1,468,815 ($0.274 per common share). From this amount, the Trust paid dividends on preferred shares of $226,745 (equal to $0.042 for each common share), resulting in net investment income after the preferred dividends of $1,242,071, or $0.232 per common share. The Trust's net investment income for the nine months ended August 31, 2005 was $4,355,086 ($0.812 per common share, before deduction of the preferred share dividends totaling $0.113 per common share), resulting in net investment income after the preferred dividends of $0.699 per common share.

Net realized and unrealized gains for the three months ended August 31, 2006 were $1,993,414 ($0.370 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2006 were $2,493,459 ($0.464 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2005 were $668,977 ($0.125 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2005 were $4,032,067 ($0.752 per common share).

On August 31, 2006, net assets of the Trust applicable to common shares were $86,475,173. The net asset value per common share on August 31, 2006 was $16.09 based on 5,375,346 common shares outstanding. In comparison, on August 31, 2005, net assets of the Trust applicable to common shares were $87,026,874. The net asset value per common share on August 31, 2005 was $16.19 based on 5,375,346 common shares outstanding.

The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had approximately $124.1 billion in assets under management as of September 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.

EATON VANCE NEW YORK MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
 
Three Months Ended

Nine Months Ended

August 31, August 31,
2006  2005  2006  2005 
Gross investment income $1,728  $1,863  $5,131  $5,501 
Operating expenses (384) (394) (1,147) (1,146)
Net investment income $1,344  $1,469  $3,984  $4,355 

Net realized and unrealized gains (losses) on investments

$1,993  $669  $2,493  $4,032 
Preferred dividends paid ($341) ($227) ($975) ($606)

Net increase (decrease) in net assets from operations

$2,996  $1,911  $5,502  $7,781 
 
Earnings per Common Share Outstanding
Gross investment income $0.322  $0.347  $0.955  $1.026 
Operating expenses (0.072) (0.073) (0.214) (0.214)
Net investment income $0.250  $0.274  $0.741  $0.812 

Net realized and unrealized gains (losses) on investments

$0.370  $0.125  $0.464  $0.752 
Preferred dividends paid (0.063) (0.042) (0.181) (0.113)

Net increase (decrease) in net assets from operations

$0.557  $0.357  $1.024  $1.451 
 
Net investment income $0.250  $0.274  $0.741  $0.812 
Preferred dividends paid (0.063) (0.042) (0.181) (0.113)
Net investment income after preferred dividends $0.187  $0.232  $0.560  $0.699 
 
Net Asset Value at August 31 (Common Shares)
Net assets (000) $86,475  $87,027 
Shares outstanding (000) 5,375  5,375 
Net asset value per share outstanding $16.09  $16.19 
 
Market Value Summary (Common Shares)
Market price on AMEX at August 31 $14.95  $15.97 
High market price (nine months ended August 31) $15.88  $17.10 
Low market price (nine months ended August 31) $14.24  $14.85