Exhibit (a)(5)

                     MUNIYIELD NEW YORK INSURED FUND, INC.
                 Articles Supplementary creating two series of

                       Auction Market Preferred Stock(R)

         MUNIYIELD NEW YORK INSURED FUND, INC., a Maryland corporation having
its principal Maryland office in the City of Baltimore (the "Corporation"),
certifies to the Maryland State Department of Assessments and Taxation that:

         FIRST: Pursuant to authority expressly vested in the Board of
Directors of the Corporation by Article FIFTH of its Charter, the Board of
Directors has reclassified 1,700 authorized and unissued shares of common
stock of the Corporation as additional preferred stock of the Corporation and
has authorized the issuance of preferred stock, par value $.10 per share,
liquidation preference $50,000 per share plus an amount equal to accumulated
but unpaid dividends (whether or not earned or declared) thereon, to be
designated Auction Market Preferred Stock.

         SECOND: The preferences, voting powers, restrictions, limitations as
to dividends, qualifications, and terms and conditions of redemption, of the
shares of such preferred stock shall be identical to the 1,700 shares of
Auction Market Preferred Stock previously reclassified and authorized by the
Board of Directors pursuant to Articles Supplementary dated April 6, 1992

_________
(R) Registered trademark of Merrill Lynch & Co. Inc.



and filed on April 7, 1992 with the Maryland State Department of Assessments
and Taxation. Accordingly, these Articles Supplementary hereby incorporate by
reference such previously filed Articles Supplementary beginning with the
section entitled "DESIGNATION" and continuing until the end of the final
section entitled "Securities Depository; Stock Certificates," with the
following exception:

         At page 2, in the section entitled "DESIGNATION," strike out "a date
to be determined by the Board of Directors of the Corporation" and insert in
lieu thereof the date "Dec. 1, 1994";

         IN WITNESS WHEREOF, MUNIYIELD NEW YORK INSURED FUND, INC. has caused
these presents to be signed in its name and on its behalf by a duly authorized
officer, and attested by its Secretary, and the said officers of the
Corporation further acknowledge said instrument to be the corporate act of the
Corporation, and state under the penalties of perjury that to the best of
their knowledge, information and belief the matters and facts herein set forth
with respect to approval are true in all material respects, all on Nov. 30,
1994.

                                   MUNIYIELD NEW YORK INSURED FUND, INC.


                                   By_____________________________
                                      Name: Vincent R. Giordano
                                      Title: Senior Vice President


Attest:


_____________________
Name: Mark B. Goldfus
Its: Secretary

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