SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Karpus Management, Inc. (Last) (First) (Middle) 183 SULLY'S TRAIL (Street) PITTSFORD NY 14534 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 02/28/2007	3. Issuer Name and Ticker or Trading Symbol PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST [ PMN ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Table 1,Item 2,Footnote 1	5. If Amendment, Date of Original Filed (Month/Day/Year) 03/02/2007
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Putnam New York Investment Grade Municipal Trust	2,350(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The original Form 3 was filed in error. Karpus Management, Inc., d/b/a Karpus Investment Management ("KIM") is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. All of the PMN common shares reported in KIM's initial Form 3 (except for 2,350 shares owned directly by KIM) are owned by KIM's clients in separate accounts which are managed by KIM in the ordinary course of KIM's business. None of such shares were acquired or are being held with the purpose or effect of changing or influencing control of the issuer or engaging in any arrangement subject to SEC Rule 13d-3(b). At no time has KIM been a "beneficial owner"-as the term "beneficial owner" is defined in SEC Rule 16a-1(a)(1)(v) and SEC Rule 16a-1(a)(2)-of an amount of PMN common shares which equals or exceeds 10% of the outstanding shares of PMN. KIM is not a "ten percent holder" subject to the reporting requirements of Section 16(a) of the Securities Exchange Act of 1934.

	Cody B. Bartlett Jr.	03/08/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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