MUNICIPAL FUND FOR NEW YORK INVESTORS INC
485BXT, 1999-01-29
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<PAGE>
 
        As filed with the Securities and Exchange Commission on January 29, 1999
                                          Registration Nos. 2-82278 and 811-3678


================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-1A

          REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933         [X]

                      POST-EFFECTIVE AMENDMENT NO. 19                     [X]

                                       And

      REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [X]

                               AMENDMENT NO. 20                           [X]

                   MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
               (Exact Name of Registrant As Specified In Charter)

                         Bellevue Park Corporate Center
                         400 Bellevue Parkway, Suite 100
                           Wilmington, Delaware 19809
                    (Address of Principal Executive Offices)
                  Registrant's Telephone Number: (302) 791-3329

                                  Lisa M. Buono
                         Bellevue Park Corporate Center
                         400 Bellevue Parkway, Suite 100
                           Wilmington, Delaware 19809
                     (Name and Address of Agent For Service)

                                   Copies to:

                          W. Bruce McConnel, III, ESQ.
                           Drinker Biddle & Reath LLP
                        1345 Chestnut Street, Suite 1100
                        Philadelphia, Pennsylvania 19107


  It is proposed that this filing will become effective (check appropriate box)

     [_]  immediately upon filing pursuant to paragraph (b)
     [x]  on February 10, 1999 pursuant to paragraph (b)
     [_]  60 days after filing pursuant to paragraph (a)(i)
     [_]  on (date) pursuant to paragraph (a)(i)
     [_]  75 days after filing pursuant to paragraph (a)(ii)
     [_]  on (date) pursuant to paragraph (a)(ii) of Rule 485.

If appropriate, check the following box:

     [x] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.

         Title of Securities Being Registered:  Shares of Common Stock
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all of
the requirements for effectiveness of this Post-Effective Amendment No. 19 to
its Registration Statement pursuant to Rule 485(b) under the Securities Act of
1933 and has duly caused this Post-Effective Amendment No. 19 to its
Registration Statement to be signed on its behalf by the undersigned, thereto
duly authorized, in the City of Wilmington, and State of Delaware, on January
29, 1999.

                                        MUNICIPAL FUND FOR
                                        NEW YORK INVESTORS, INC.

                                        /s/ Thomas H. Nevin
                                        -------------------
                                        Thomas H. Nevin
                                        President

     Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 18 to Registrant's Registration Statement has been
signed below by the following persons in the capacities and on the dates
indicated.

      Signature                  Title                    Date
      ---------                  -----                    ----

* Francis E. Drake, Jr.    Director                 January 29, 1999
- -------------------------
Francis E. Drake, Jr.

* Rodney D. Johnson        Director                 January 29, 1999
- -------------------------
Rodney D. Johnson

* Thomas A. Melfe          Chairman of the          January 29, 1999
- -------------------------  Board and Director 
Thomas A. Melfe                               

* Anthony M. Santomero     Director                 January 29, 1999
- -------------------------
Anthony M. Santomero

/s/ Lisa M. Buono          Treasurer                January 29, 1999
- -------------------------
Lisa M. Buono
(Principal Financial and
Accounting Officer)

/s/ Thomas H. Nevin        President                January 29, 1999
- -------------------------
Thomas H. Nevin

*By:  /s/ W. Bruce McConnel, III
      --------------------------
         W. Bruce McConnel, III
         Attorney-in-Fact

<PAGE>
 
                   MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
                                Power of Attorney



     I hereby appoint W. Bruce McConnel, III attorney for me, with full power of
substitution, and in my name and on my behalf as a director to sign any
Registration Statement or Amendment thereto of MUNICIPAL FUND FOR NEW YORK
INVESTORS, INC. (Registration No. 2-82278) to be filed with the Securities and
Exchange Commission under the Securities Act of 1933, and generally to do and
perform all things necessary to be done in that connection.

     I have signed this Power of Attorney on November 4, 1998.


                                            /s/ Rodney D. Johnson 
                                            -----------------------
                                            Rodney D. Johnson
<PAGE>
 
                   MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
                                Power of Attorney



     I hereby appoint W. Bruce McConnel, III attorney for me, with full power of
substitution, and in my name and on my behalf as a director to sign any
Registration Statement or Amendment thereto of MUNICIPAL FUND FOR NEW YORK
INVESTORS, INC. (Registration No. 2-82278) to be filed with the Securities and
Exchange Commission under the Securities Act of 1933, and generally to do and
perform all things necessary to be done in that connection.

     I have signed this Power of Attorney on November 5, 1998.


                                            /s/ Thomas A. Melfe
                                            -------------------
                                            Thomas A. Melfe
<PAGE>
 
                   MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
                                Power of Attorney



     I hereby appoint W. Bruce McConnel, III attorney for me, with full power of
substitution, and in my name and on my behalf as a director to sign any
Registration Statement or Amendment thereto of MUNICIPAL FUND FOR NEW YORK
INVESTORS, INC. (Registration No. 2-82278) to be filed with the Securities and
Exchange Commission under the Securities Act of 1933, and generally to do and
perform all things necessary to be done in that connection.

     I have signed this Power of Attorney on November 5, 1998.


                                            /s/ Francis E. Drake              
                                            --------------------------
                                            Francis E. Drake
<PAGE>
 
                   MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
                                Power of Attorney



     I hereby appoint W. Bruce McConnel, III attorney for me, with full power of
substitution, and in my name and on my behalf as a director to sign any
Registration Statement or Amendment thereto of MUNICIPAL FUND FOR NEW YORK
INVESTORS, INC. (Registration No. 2-82278) to be filed with the Securities and
Exchange Commission under the Securities Act of 1933, and generally to do and
perform all things necessary to be done in that connection.

     I have signed this Power of Attorney on November 19, 1998.


                                            /s/ Anthony M. Santomero
                                            ------------------------
                                            Anthony M. Santomero


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