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 six-month periods ended May 31, 2007. The Trust's fiscal year ends on November 30, 2007.

For the three months ended May 31, 2007, the Trust had net investment income of $1,295,615 ($0.241 per common share). From this amount, the Trust paid dividends on preferred shares of $385,472 (equal to $0.072 for each common share), resulting in net investment income after the preferred dividends of $910,143 or $0.169 per common share. The Trust's net investment income for the six months ended May 31, 2007 was $2,637,526 ($0.491 per common share, before deduction of the preferred share dividends totaling $0.140 per common share), resulting in net investment income after the preferred dividends of $0.351 per common share. In comparison, for the three months ended May 31, 2006, the Trust had net investment income of $1,295,712 ($0.241 per common share). From this amount, the Trust paid dividends on preferred shares of $338,398 (equal to $0.063 for each common share), resulting in net investment income after the preferred dividends of $957,314, or $0.178 per common share. The Trust's net investment income for the six months ended May 31, 2006 was $2,640,095 ($0.491 per common share, before deduction of the preferred share dividends totaling $0.118 per common share), resulting in net investment income after the preferred dividends of $0.373 per common share.

Net realized and unrealized losses for the three months ended May 31, 2007 were $2,243,296 ($0.418 per common share). The Trust's net realized and unrealized losses for the six months ended May 31, 2007 were $2,608,721 ($0.486 per common share). In comparison, net realized and unrealized losses for the three months ended May 31, 2006 were $1,886,143 ($0.350 per common share). The Trust's net realized and unrealized gains for the six months ended May 31, 2006 were $500,045 ($0.094 per common share).

On May 31, 2007, net assets of the Trust applicable to common shares were $86,286,438. The net asset value per common share on May 31, 2007 was $16.05 based on 5,375,346 common shares outstanding. In comparison, on May 31, 2006, net assets of the Trust applicable to common shares were $84,458,776. The net asset value per common share on May 31, 2006 was $15.71 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 $153.6 billion in assets under management as of June 30, 2007. 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 Six Months Ended
May 31,     May 31,
  2007     2006     2007     2006  
Net investment income $ 1,296 $ 1,296 $ 2,638 $ 2,640
Net realized and unrealized gains (losses)
on investments (2,243 ) (1,886 ) (2,609 ) 500
Preferred dividends paid   (385 )   (338 )   (753 )   (634 )
Net increase (decrease) in net assets
from operations $ (1,332 ) $ (928 ) $ (724 ) $ 2,506  
 
Earnings per Common Share Outstanding
Net investment income $ 0.241 $ 0.241 $ 0.491 $ 0.491
Net realized and unrealized gains (losses)
on investments (0.418 ) (0.350 ) (0.486 ) 0.094
Preferred dividends paid   (0.072 )   (0.063 )   (0.140 )   (0.118 )
Net increase (decrease) in net assets
from operations $ (0.249 ) $ (0.172 ) $ (0.135 ) $ 0.467  
 
Net investment income $ 0.241 $ 0.241 $ 0.491 $ 0.491
Preferred dividends paid   (0.072 )   (0.063 )   (0.140 )   (0.118 )
Net investment income after preferred dividends $ 0.169   $ 0.178   $ 0.351   $ 0.373  
 
Net Asset Value at May 31 (Common Shares)
Net assets $ 86,286 $ 84,459
Shares outstanding 5,375 5,375
Net asset value per share outstanding $ 16.05 $ 15.71
 
Market Value Summary (Common Shares)
Market price on AMEX at May 31 $ 15.85 $ 15.20
High market price (period ended May 31) $ 16.01 $ 15.88
Low market price (period ended May 31) $ 15.29 $ 14.70

Eaton Vance
Investor Contact: (800) 262-1122