SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
(Amendment No. 11)
Under the Securities Exchange Act of 1934

Putnam New York Investment Grade Municipal Trust.
(PMN)
(Name of Issuer)

Common Stock
(Title of Class of Securities)

746921105
(CUSIP Number)

George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
183 Sully?s Trail
Pittsford, New York 14534
(585) 586-4680

(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)

March 9, 2005
(Date of Event which requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is subject of this Schedule 13D, and if filing
this schedule because of Rule 13d-1(b) (3) or (4), check the following box. [ ]

(Page 1 of 5 pages)




Item 1.  Security and Issuer

Common Stock
Putnam NY Investment Grade Municipal Trust
Putnam Investment Management
One Post Office Square
Boston, Massachusetts 02109


Item 2.  Identity and Background

(a)  Karpus Management, Inc. d/b/a Karpus Investment Management (?KIM?),
George W. Karpus, President, Director and Controlling Stockholder, JoAnn
Van Degriff, Vice-President and Director, and Sophie Karpus, Director.

(b)  The address of KIM?s principal place of business and principal office is
183 Sully?s Trail, Pittsford, New York 14534.

(c)  Principal business and occupation ? Investment Management for
individuals, pension and profit sharing plans, corporations, endowments,
trust and others, specializing in conservative asset management (i.e. fixed
income investments).

(d)  None of George W. Karpus, Jo Ann Van Degriff, or Sophie Karpus
(?the Principals?) or KIM has been convicted in the past five years of any
criminal proceeding (excluding traffic violations).

(e)  During the last five years none of the principals or KIM has been a party
to a civil proceeding as a result of which any of them is subject to a
judgment, decree or final order enjoining future violations of or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.

(f)  Each of the Principals is a United States citizen.  KIM is a New York
corporation.


Item 3.  Source and Amount of Funds or Other Considerations

KIM, an independent investment advisor, has accumulated 142,540
shares of PMN on behalf of accounts that are managed by KIM (?the
Accounts?) under limited powers of attorney, which represents 5.01%
of the outstanding shares.   All funds that have been utilized in making
such purchases are from such Accounts.


Item 4	Purpose of Transaction

KIM has purchased Shares for investment purposes.  Being primarily a
conservative, fixed income manager, with a specialty focus in the
closed end fund sector, the profile of PMN fit the investment guidelines
for various Accounts.  Shares have been acquired since February 12, 2002.


Item 5.  Interest in Securities of the Issuer

(a)  As of the date of this Report, KIM owns 142,540 shares, which
represents 5.01% of the outstanding shares.  George W. Karpus presently
owns 9,050 shares purchased on August 8, 12, 14, and 20, 2002 at $12.56
(4400 shares), August 13, 2003 at $11.78 (5000 shares), and October 7 at
$11.70 (600 shares).  George W. Karpus sold 250 shares on February 21,
2006 at $12.38 and 600 shares on February 22, 2006 at $12.36. Karpus
Management, Inc. owns 2,250 shares purchased on January 27, 2004 at a
price of $12.47.  Karpus Management, Inc. sold 50 shares on February 21,
2006 at $12.38 and 200 shares on February 22, 2006 at $12.36.  Jo Ann
Van Degriff owns 2700 shares purchased April 21 and 22, 2003 at
$11.92 (1500 shares), and June 17 at $12.38 (1500 shares).  Jo Ann
Van Degriff sold 50 shares on February 21, 2006 at $12.38 and 200 shares
on February 22, 2006 at $12.36. Urbana Partners, L.P. is a hedge fund
managed by Karpus Investment Management, of which George W. Karpus
owns 5.71%.  Urbana Partners, L.P. currently owns 7,100 shares.  None of
the other Principals of KIM presently own shares of PMN.

(b) KIM has the sole power to dispose of and to vote all such Shares
under limited powers of attorney.

(c) Below are the open market purchases in the last 60 days for the
Accounts.  There have been no dispositions and no acquisition, other than
by such open market purchases, during such period.

Date
Shares
Price Per Share

Date
Shares
Price Per Share
1/31/2006
800
11.82

2/1/2006
400
11.82




2/10/2006
800
11.75




2/21/2006
- -3200
12.40




2/22/2006
- -8500
12.37




2/23/2006
- -300
12.29

The Accounts have the right to receive all dividends from, and any proceeds
from the sale of the Shares.  None of the Accounts has an interest in Shares
constituting more than 5% of the Shares outstanding.

Item 6.  Contracts, Arrangements, Understandings, or Relationships with Respect
to Securities of the Issuer

Except as described above, there are no contracts, arrangement,
understandings or relationships of any kind among the Principals and KIM
and between any of them and any other person with respect to any of the
PMN securities.


Item 7.  Materials to be Filed as Exhibits

Not applicable



SIGNATURE


	After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.




Karpus Management, Inc.




By:
Name:  	Sharon L. Thornton
Title:  		Director of Investment Personnel and Senior Analyst
Dated:  	March 9, 2006