CONSENT OF INDEPENDENT ACCOUNTANTS

Board of Trustees
Putnam New York Tax Exempt Income Fund:

We consent to the use of our report dated January 8, 2003, incorporated
in this Registration Statement by reference, to Putnam New York Tax
Exempt Income Fund and to the references to our firm under the captions
"Representations and warranties of Acquiring Fund," "Representations and
warranties of Acquired Fund," and  "Conditions to Acquiring Fund's
obligations" in Appendix A to the Prospectus,  "Independent Accountants
and Financial Statements" in the Statement of Additional Information and
"Independent Accountants and Financial Statements" in Appendix A to the
Statement of Additional Information.

/s/ KPMG LLP

Boston, Massachusetts
July 10, 2003