CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in Post-Effective Amendment No.
24 to the Registration Statement of Franklin New York Tax-Free Income Fund on
Form N-1A, File No. 2-77880, of our report dated July 6, 2000, on our audit
of the financial statements and financial highlights of Franklin New York
Tax-Free Income Fund, which report is included in the Annual Report to
Shareholders for the year ended May 31, 2000, filed with the Securities and
Exchange Commission pursuant to section 30(d) of the Investment Company Act
of 1940, which is incorporated by reference in the Registration Statement. We
also consent to the reference to our firm under the captions "Financial
Highlights" and "Auditor."
/s/ ProcewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
San Francisco, California
September 27, 2000
