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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 820090
<NAME> New York Tax-Exempt Income Fund, Inc. (The)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 22,513,712
<INVESTMENTS-AT-VALUE> 23,174,410
<RECEIVABLES> 521,626
<ASSETS-OTHER> 9,493
<OTHER-ITEMS-ASSETS> 38,614
<TOTAL-ASSETS> 23,744,143
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 166,867
<TOTAL-LIABILITIES> 166,867
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,786,026
<SHARES-COMMON-STOCK> 2,454,687
<SHARES-COMMON-PRIOR> 2,438,782
<ACCUMULATED-NII-CURRENT> 48,481
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 82,071
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 660,698
<NET-ASSETS> 23,577,276
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 878,347
<OTHER-INCOME> 0
<EXPENSES-NET> 105,058
<NET-INVESTMENT-INCOME> 773,289
<REALIZED-GAINS-CURRENT> 89,314
<APPREC-INCREASE-CURRENT> (542,886)
<NET-CHANGE-FROM-OPS> 319,717
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 778,513
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 15,905
<NET-CHANGE-IN-ASSETS> (302,001)
<ACCUMULATED-NII-PRIOR> 53,705
<ACCUMULATED-GAINS-PRIOR> (7,243)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59,746
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 105,058
<AVERAGE-NET-ASSETS> 24,008,000
<PER-SHARE-NAV-BEGIN> 9.79
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.18)
<PER-SHARE-DIVIDEND> 0.32
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.61
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
