SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): March 31, 2006

                           PROVIDENT NEW YORK BANCORP
              ----------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

         Delaware                   0-25233                 80-0091851
       -----------              --------------------       -------------
(State or Other Jurisdiction)  (Commission File No.)      (I.R.S. Employer
    of Incorporation)                                    Identification No.)


400 Rella Boulevard, Montebello, New York                      10901
- -----------------------------------------                     --------
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (845) 369-8040
                                                    ---------------



                                 Not Applicable
                              -------------------
         (Former name or former address, if changed since last report)

Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under
     the Exchange Act (17 CFR 240.13e-4(c))





Item 1.01.        Entry into a Material Definitive Agreement.

     On March 31, 2006, Provident Bank, the wholly-owned subsidiary of Provident
New York  Bancorp (the  "Registrant"),  entered into an amendment to each of the
Deferred  Compensation  Agreements with President,  Chief Executive  Officer and
Director George Strayton and Directors  Donald T. McNelis and William R. Sichol.
The amendments  require that accounts deemed invested in stock of the Registrant
will both remain deemed  invested in stock of the Registrant and  distributed in
stock of the  Registrant.  However,  in the case of a "Change in Control" of the
Registrant,  the  participant  will  be  permitted  to  elect a lump  sum,  cash
distribution or redirect their deemed  investment into a deemed investment other
than stock of the Registrant.

     Copies  of the  amendments  will be  filed  as  exhibits  to the  Company's
Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2006.

Item 9.01.      Financial Statements and Exhibits.

       (a)      Not Applicable.

       (b)      Not Applicable.

       (c)      None.






                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                                   PROVIDENT NEW YORK BANCORP



DATE: April 5, 2006                         By:     /s/ Paul A. Maisch
                                                    ---------------------------
                                                    Paul A. Maisch
                                                    Executive Vice President and
                                                      Chief Financial Officer