Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-5238         

        Nuveen New York Municipal Value Fund, Inc.         
(Exact name of registrant as specified in charter)


        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)


Jessica R. Droeger—Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            9/30          

Date of reporting period:         6/30/06         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)             
    Nuveen New York Municipal Value Fund, Inc. (NNY)             
    June 30, 2006             
Principal        Optional Call         
Amount (000)    Description    Provisions (1)    Ratings (2)    Value 
    Consumer Discretionary – 0.2%             
$               275    New York City Industrial Development Agency, New York, Liberty Revenue Bonds,    9/15 at 100.00    BBB–   $   275,382 
     IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35             
    Consumer Staples – 1.7%             
35    New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B,    6/10 at 101.00    BBB    35,740 
     5.800%, 6/01/23             
330    New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,    6/11 at 101.00    BBB    333,076 
     5.250%, 6/01/25             
450    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    457,213 
     Series 2002, 5.375%, 5/15/33             
250    Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed    6/12 at 100.00    BBB    251,698 
     Bonds, Series 2001A, 5.200%, 6/01/25             
    TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:             
1,160     4.750%, 6/01/22    6/16 at 100.00    BBB    1,146,173 
345     5.000%, 6/01/26    6/16 at 100.00    BBB    338,376 
2,570    Total Consumer Staples            2,562,276 
    Education and Civic Organizations – 6.8%             
    Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School,             
    Series 2000A:             
600     5.700%, 10/01/20 – RAAI Insured    10/10 at 100.00    AA    632,880 
750     5.750%, 10/01/30 – RAAI Insured    10/10 at 100.00    AA    792,548 
90    Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure    5/16 at 100.00    BBB–    89,337 
     University, Series 2006, 5.000%, 5/01/23             
800    Dormitory Authority of the State of New York, Insured Revenue Bonds, D’Youville College,    7/11 at 102.00    AA    833,016 
     Series 2001, 5.250%, 7/01/20 – RAAI Insured             
615    Dormitory Authority of the State of New York, Revenue Bonds, City University of New York,    No Opt. Call    AAA    679,680 
     Series 2005A, 5.500%, 7/01/18 – FGIC Insured             
1,250    Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College,    7/09 at 101.00    AA    1,331,888 
     Series 1999, 6.250%, 7/01/29 – RAAI Insured             
750    Dormitory Authority of the State of New York, Revenue Bonds, Pratt Institute, Series 1999,    7/09 at 102.00    AA    802,275 
     6.000%, 7/01/24 – RAAI Insured             
    Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue             
    Bonds, City University System, Series 1993A:             
1,000     5.750%, 7/01/18    No Opt. Call    AA–    1,107,700 
1,400     6.000%, 7/01/20    No Opt. Call    AA–    1,598,366 
265    Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,    10/15 at 100.00    A–    265,856 
     Civic Facility Project, Series 2005, 5.000%, 10/01/35             
245    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.    10/14 at 100.00    A–    245,113 
     Francis College, Series 2004, 5.000%, 10/01/34             
1,100    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of    2/11 at 100.00    A–    1,122,605 
     Greater New York, Series 2002, 5.250%, 8/01/21             
575    New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of American Folk    7/10 at 101.00    A    610,978 
     Art, Series 2000, 6.000%, 7/01/22 – ACA Insured             
9,440    Total Education and Civic Organizations            10,112,242 
    Financials – 0.3%             
400    Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series    No Opt. Call    Aa3    426,468 
     2005, 5.250%, 10/01/35             
    Health Care – 12.8%             
490    Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, Olean General    8/08 at 102.00    AA    499,256 
     Hospital, Series 1998A, 5.250%, 8/01/23             
2,250    Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,    2/07 at 102.00    AAA    2,317,680 
     Rosalind and Joseph Gurwin Jewish Geriatric Center of Long Island, Series 1997, 5.700%,             
     2/01/37 – AMBAC Insured             
1,005    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore    2/15 at 100.00    AAA    1,025,703 
     Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured             
700    Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical    2/15 at 100.00    AAA    719,901 
     Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured             
1,800    Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt    8/15 at 100.00    AA    1,789,866 
     Hospital, Series 2005, 4.900%, 8/15/31             
1,250    Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long    7/10 at 101.00    Baa1    1,344,688 
     Island Obligated Group – St. Catherine of Siena Medical Center, Series 2000A, 6.500%, 7/01/20             
1,200    Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer    7/16 at 100.00    AA    1,220,316 
     Center, Series 2006-1, 5.000%, 7/01/35             
1,000    Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health Obligated    7/10 at 101.00    Ba1    1,065,010 
     Group, Series 2000A, 6.500%, 7/01/25             
250    Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health, Series    7/08 at 100.00    Ba1    252,045 
     2000C, 5.500%, 7/01/26             
1,630    Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian    8/14 at 100.00    AAA    1,728,615 
     Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured             
100    Dormitory Authority of the State of New York, Revenue Bonds, Nyack Hospital, Series 1996,    7/06 at 102.00    B2    98,194 
     6.250%, 7/01/13             
500    Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities    7/13 at 100.00    Baa1    516,705 
     Hospital, Series 2003B, 5.500%, 7/01/23             
500    Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University    7/13 at 100.00    Baa1    512,395 
     Hospital Association, Series 2003A, 5.500%, 7/01/32             
290    Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,    7/10 at 100.00    BB    301,148 
     Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30             
670    Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, North Shore    No Opt. Call    A3    700,009 
     Health System Obligated Group, Series 2001B, 5.875%, 11/01/11             
500    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/09 at 101.00    AAA    515,210 
     1999A, 5.125%, 2/15/14 – AMBAC Insured             
    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,             
    Series 2003A:             
1,175     5.250%, 2/15/21 – AMBAC Insured    2/13 at 100.00    AAA    1,235,936 
1,000     5.250%, 2/15/22 – AMBAC Insured    2/13 at 100.00    AAA    1,051,860 
495    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten    7/12 at 100.00    B2    499,900 
     Island University Hospital, Series 2001B, 6.375%, 7/01/31             
250    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten    7/12 at 101.00    B2    253,708 
     Island University Hospital, Series 2002C, 6.450%, 7/01/32             
970    Newark-Wayne Community Hospital, New York, Hospital Revenue Refunding and Improvement Bonds,    9/06 at 100.00    N/R    970,912 
     Series 1993A, 7.600%, 9/01/15             
500    Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,    7/11 at 101.00    BB    517,935 
     Series 2001A, 7.125%, 7/01/31             
18,525    Total Health Care            19,136,992 
    Housing/Multifamily – 5.1%             
400    East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding    4/10 at 102.00    AAA    428,604 
     Bonds, Bennet Project, Series 2001A, 6.700%, 4/01/21             
1,690    New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,    7/15 at 100.00    AAA    1,745,026 
     Series 2005A, 5.000%, 7/01/25 – FGIC Insured             
    New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,             
    Series 2001A:             
1,000     5.400%, 11/01/21    5/11 at 101.00    AA    1,037,830 
1,000     5.500%, 11/01/31    5/11 at 101.00    AA    1,026,750 
1,000     5.600%, 11/01/42    5/11 at 101.00    AA    1,026,460 
480    New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,    11/15 at 100.00    AA    472,867 
     Series 2005F-1, 4.750%, 11/01/35             
440    New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue    8/11 at 100.00    Aa1    454,648 
     Bonds, Series 2001E, 5.600%, 8/15/20 (Alternative Minimum Tax)             
1,275    Westchester County Industrial Development Agency, New York, GNMA Collateralized Mortgage Loan    8/11 at 102.00    Aaa    1,336,455 
     Revenue Bonds, Living Independently for the Elderly Inc., Series 2001A, 5.375%, 8/20/21             
7,285    Total Housing/Multifamily            7,528,640 
    Housing/Single Family – 3.7%             
950    New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%, 4/01/27    4/15 at 100.00    Aa1    920,294 
     (Alternative Minimum Tax)             
3,750    New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 73A, 5.250%, 10/01/17    9/08 at 101.00    Aa1    3,813,520 
     (Alternative Minimum Tax)             
840    New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-Third Series A, 4.750%, 4/01/23    4/13 at 101.00    Aaa    834,666 
     (Alternative Minimum Tax)             
5,540    Total Housing/Single Family            5,568,480 
    Long-Term Care – 10.7%             
1,000    Babylon Industrial Development Agency, New York, Revenue Bonds, WSNCHS East Inc., Series    8/09 at 101.00    AAA    1,068,140 
     2000B, 6.000%, 8/01/24 – MBIA Insured             
1,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,    2/08 at 102.00    AAA    1,011,370 
     Eger Healthcare Center of Staten Island, Series 1998, 5.100%, 2/01/28             
2,945    Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,    2/07 at 102.00    AA    3,035,646 
     Hebrew Home for the Aged at Riverdale, Series 1997, 6.125%, 2/01/37             
1,770    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, German    8/06 at 102.00    AA–    1,807,542 
     Masonic Home Corporation, Series 1996, 5.950%, 8/01/26             
2,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, W.K. Nursing    8/06 at 102.00    AAA    2,060,640 
     Home Corporation, Series 1996, 6.125%, 2/01/36             
1,000    Dormitory Authority of the State of New York, Revenue Bonds, Concord Nursing Home Inc., Series    7/10 at 101.00    Aa3    1,065,010 
     2000, 6.500%, 7/01/29             
135    Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,    7/15 at 100.00    A    134,487 
     5.000%, 7/01/35 – ACA Insured             
2,015    East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Bonds, St. John’s    8/07 at 102.00    AAA    2,093,928 
     Meadows Project, Series 1997A, 5.750%, 8/01/37 – MBIA Insured             
3,125    East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Bonds, St. John’s    8/08 at 101.00    AAA    3,158,937 
     Meadows Project, Series 1998A, 5.250%, 8/01/38             
530    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special    7/11 at 101.00    N/R    553,193 
     Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16             
15,520    Total Long-Term Care            15,988,893 
    Tax Obligation/General – 3.9%             
750    New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16    8/14 at 100.00    A+    791,490 
    New York City, New York, General Obligation Bonds, Fiscal Series 2004E:             
1,000     5.000%, 11/01/19 – FSA Insured    11/14 at 100.00    AAA    1,040,020 
400     5.000%, 11/01/20 – FSA Insured    11/14 at 100.00    AAA    414,596 
825    New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –    8/15 at 100.00    AAA    867,520 
     FSA Insured             
2,000    New York City, New York, General Obligation Bonds, Fiscal Series 2006F-1, 5.000%, 9/01/19 –    9/15 at 100.00    AAA    2,079,660 
     XLCA Insured             
550    Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 – ACA Insured    6/10 at 100.00    A    574,041 
5,525    Total Tax Obligation/General            5,767,327 
    Tax Obligation/Limited – 21.9%             
1,000    Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.250%, 11/01/21    11/13 at 100.00    AAA    1,061,750 
    Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series 2005A:             
395     5.250%, 7/01/24 – CIFG Insured    7/15 at 100.00    AAA    415,982 
250     5.000%, 7/01/25 – CIFG Insured    7/15 at 100.00    AAA    255,545 
50    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    2/08 at 100.00    AAA    51,022 
     Services Facilities, Series 1996B, 5.375%, 2/15/26 – FSA Insured             
380    Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities    2/15 at 100.00    AAA    388,121 
     Improvements, Series 2005B, 5.000%, 2/15/30 – AMBAC Insured             
1,810    Dormitory Authority of the State of New York, Service Contract Bonds, Child Care Facilities    4/12 at 100.00    AA–    1,895,432 
     Development Program, Series 2002, 5.375%, 4/01/16             
275    Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series    3/15 at 100.00    AAA    284,697 
     2005F, 5.000%, 3/15/21 – FSA Insured             
350    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo    5/14 at 100.00    AAA    385,637 
     City School District, Series 2004, 5.750%, 5/01/26 – FSA Insured             
    Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A:             
2,000     5.250%, 11/15/25 – FSA Insured    11/12 at 100.00    AAA    2,095,880 
1,000     5.000%, 11/15/30    11/12 at 100.00    AA–    1,012,190 
1,000    Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,    7/12 at 100.00    AA–    1,022,000 
     Series 2002A, 5.125%, 1/01/29             
560    Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,    1/13 at 102.00    BBB    577,830 
     5.500%, 1/01/34             
    New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local             
    Government Assistance Corporation, Series 2004A:             
1,000     5.000%, 10/15/24 – MBIA Insured    10/14 at 100.00    AAA    1,034,570 
740     5.000%, 10/15/25 – MBIA Insured    10/14 at 100.00    AAA    764,028 
550     5.000%, 10/15/26 – MBIA Insured    10/14 at 100.00    AAA    567,089 
1,510     5.000%, 10/15/29 – AMBAC Insured    10/14 at 100.00    AAA    1,551,676 
1,330    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    2/13 at 100.00    AAA    1,364,061 
     Series 2003E, 5.000%, 2/01/23             
1,000    New York Convention Center Development Corporation, Hotel Unit Fee Revenue Bonds, Series 2005,    11/15 at 100.00    AAA    1,011,290 
     5.000%, 11/15/44 – AMBAC Insured             
1,000    New York State Environmental Facilities Corporation, Infrastructure Revenue Bonds, Series    3/14 at 100.00    AA–    1,027,930 
     2003A, 5.000%, 3/15/21             
840    New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic    9/15 at 100.00    AAA    855,767 
     Development and Housing, Series 2006A, 5.000%, 3/15/36             
2,450    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation,    No Opt. Call    AAA    2,724,351 
     Series 2005B, 5.500%, 4/01/20 – AMBAC Insured             
1,620    New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2002A,    3/12 at 100.00    AAA    1,669,702 
     5.125%, 3/15/21             
    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and             
    State Contingency Contract-Backed Bonds, Series 2003A-1:             
1,800     5.250%, 6/01/20 – AMBAC Insured    6/13 at 100.00    AAA    1,891,008 
2,000     5.250%, 6/01/22 – AMBAC Insured    6/13 at 100.00    AAA    2,096,260 
1,000    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AA–    1,060,990 
     State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
1,750    New York State Urban Development Corporation, Service Contract Revenue Bonds, Correctional and    1/17 at 100.00    AA–    1,851,640 
     Youth Facilities, Series 2002A, 5.500%, 1/01/17 (Mandatory put 1/01/11)             
600    New York State Urban Development Corporation, Special Project Revenue Bonds, University    No Opt. Call    AA–    682,020 
     Facilities Grants, Series 1995, 5.875%, 1/01/21             
1,230    Suffolk County Judicial Facilities Agency, New York, Service Agreement Revenue Bonds, John P.    10/09 at 101.00    AAA    1,279,077 
     Colahan Court Complex, Series 1999, 5.000%, 4/15/16 – AMBAC Insured             
75    Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E,    No Opt. Call    AA–    79,767 
     7.250%, 1/01/10             
1,500    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A,    10/10 at 101.00    BBB    1,630,875 
       6.500%, 10/01/24             
31,065    Total Tax Obligation/Limited            32,588,187 
    Transportation – 8.2%             
400    Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25    7/11 at 101.00    BBB+    418,508 
500    Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,    11/12 at 100.00    AAA    539,040 
     Series 2002A, 5.500%, 11/15/19 – AMBAC Insured             
1,100    New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,    12/08 at 102.00    Ba2    1,039,797 
     British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)             
1,000    New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK    8/12 at 101.00    B–    1,154,340 
     Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)             
670    New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 –    1/15 at 100.00    AAA    685,604 
     AMBAC Insured             
    New York State Thruway Authority, General Revenue Bonds, Series 2005G:             
400     5.000%, 1/01/30 – FSA Insured    7/15 at 100.00    AAA    410,648 
1,200     5.000%, 1/01/32 – FSA Insured    7/15 at 100.00    AAA    1,229,280 
500    Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara    4/09 at 101.00    AAA    523,360 
     International Airport, Series 1999A, 5.625%, 4/01/29 – MBIA Insured (Alternative Minimum Tax)             
    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth             
    Series 2005:             
500     5.000%, 12/01/19 – FSA Insured    6/15 at 101.00    AAA    524,365 
1,000     5.000%, 12/01/28 – XLCA Insured    6/15 at 101.00    AAA    1,028,370 
435     5.000%, 12/01/31 – XLCA Insured    6/15 at 101.00    AAA    445,470 
2,500    Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds,    11/12 at 100.00    Aa2    2,564,300 
     Series 2002B, 5.000%, 11/15/21             
    Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue             
    Refunding Bonds, Series 2002E:             
780     5.500%, 11/15/20 – MBIA Insured    No Opt. Call    AAA    868,444 
800     5.250%, 11/15/22 – MBIA Insured    11/12 at 100.00    AAA    844,176 
11,785    Total Transportation            12,275,702 
    U.S. Guaranteed – 12.3% (3)             
3,175    Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk    No Opt. Call    AAA    3,737,101 
     County Issue, Series 1986, 7.375%, 7/01/16 (ETM)             
600    Dormitory Authority of the State of New York, Revenue Bonds, State Personal Income Tax, Series    3/13 at 100.00    AAA    648,342 
     2003A, 5.375%, 3/15/22 (Pre-refunded 3/15/13)             
25    Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial    10/06 at 109.40    Baa1 (3)    33,487 
     Facilities, Series 1991A, 9.500%, 4/15/14 (ETM)             
350    Erie County Tobacco Asset Securitization Corporation, New York, Senior Tobacco Settlement    7/10 at 101.00    AAA    379,446 
     Asset-Backed Bonds, Series 2000, 6.000%, 7/15/20 (Pre-refunded 7/15/10)             
50    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A,    6/08 at 101.00    AAA    51,721 
     5.125%, 12/01/22 (Pre-refunded 6/01/08) – FSA Insured             
2,250    Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series    7/07 at 102.00    AAA    2,310,818 
     1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)             
    Monroe Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed             
    Bonds, Series 2000:             
150     6.000%, 6/01/15 (Pre-refunded 6/01/10)    6/10 at 101.00    AAA    162,620 
600     6.150%, 6/01/25 (Pre-refunded 6/01/10)    6/10 at 101.00    AAA    643,014 
1,000    Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,    7/09 at 101.00    BBB– (3)    1,082,250 
     Series 1999A, 6.500%, 7/15/27 (Pre-refunded 7/15/09)             
490    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special    7/10 at 102.00    N/R (3)    545,017 
     Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19 (Pre-refunded 7/01/10)             
20    New York City, New York, General Obligation Bonds, Fiscal Series 1997G, 6.000%, 10/15/26    10/07 at 101.00    Aaa    20,760 
     (Pre-refunded 10/15/07)             
140    New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B,    6/10 at 101.00    AAA    151,077 
     5.800%, 6/01/23 (Pre-refunded 6/01/10)             
1,000    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation,    4/14 at 100.00    AAA    1,061,580 
     Series 2004, 5.000%, 4/01/20 (Pre-refunded 4/01/14) – MBIA Insured             
750    Niagara Falls City School District, Niagara County, New York, Certificates of Participation,    6/09 at 101.00    BBB– (3)    814,290 
     High School Facility, Series 2000, 6.625%, 6/15/28 (Pre-refunded 6/15/09)             
1,000    Niagara Falls, Niagara County, New York, General Obligation Water Treatment Plant Bonds,    No Opt. Call    AAA    1,137,970 
     Series 1994, 7.250%, 11/01/11 – MBIA Insured (Alternative Minimum Tax) (ETM)             
2,600    Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 1999B,    1/22 at 100.00    AAA    2,920,527 
     5.500%, 1/01/30 (Pre-refunded 1/01/22)             
1,250    Westchester Tobacco Asset Securitization Corporation, New York, Tobacco Settlement    7/10 at 101.00    AAA    1,392,338 
     Asset-Backed Bonds, Series 1999, 6.750%, 7/15/29 (Pre-refunded 7/15/10)             
1,120    Yonkers Industrial Development Agency, New York, Revenue Bonds, Community Development    2/11 at 100.00    BBB– (3)    1,247,086 
     Properties – Yonkers Inc. Project, Series 2001A, 6.625%, 2/01/26 (Pre-refunded 2/01/11)             
16,570    Total U.S. Guaranteed            18,339,444 
    Utilities – 9.2%             
100    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A,    6/08 at 101.00    AAA    102,814 
     5.125%, 12/01/22 – FSA Insured             
2,330    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,    9/11 at 100.00    A–    2,438,252 
     5.375%, 9/01/21             
750    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001L,    5/11 at 100.00    A–    781,163 
     5.375%, 5/01/33             
    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:             
1,500     5.000%, 12/01/23 – FGIC Insured    6/16 at 100.00    AAA    1,550,325 
1,500     5.000%, 12/01/24 – FGIC Insured    6/16 at 100.00    AAA    1,549,110 
1,000    New York City Industrial Development Agency, New York, Revenue Bonds, Brooklyn Navy Yard    10/08 at 102.00    BBB–    1,001,540 
     Cogeneration Partners LP, Series 1997, 5.750%, 10/01/36 (Alternative Minimum Tax)             
1,500    New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New    3/08 at 101.50    AAA    1,484,445 
     York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – MBIA Insured             
1,500    New York State Power Authority, General Revenue Bonds, Series 2000A, 5.250%, 11/15/40    11/10 at 100.00    Aa2    1,542,345 
    New York State Power Authority, General Revenue Bonds, Series 2006A:             
520     5.000%, 11/15/18 – FGIC Insured    11/15 at 100.00    AAA    545,158 
345     5.000%, 11/15/19 – FGIC Insured    11/15 at 100.00    AAA    360,611 
500    Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue    11/11 at 101.00    Baa3    519,305 
     Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory             
     put 11/15/12) (Alternative Minimum Tax)             
250    Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue    11/11 at 101.00    Baa3    261,058 
     Bonds, American Ref-Fuel Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory             
     put 11/15/14) (Alternative Minimum Tax)             
    Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue             
    Cogeneration Partners Facility, Series 1998:             
1,000     5.300%, 1/01/13 (Alternative Minimum Tax)    1/09 at 101.00    N/R    975,340 
575     5.500%, 1/01/23 (Alternative Minimum Tax)    1/09 at 101.00    N/R    553,294 
13,370    Total Utilities            13,664,760 
    Water and Sewer – 2.1%             
300    Monroe County Water Authority, New York, Water System Revenue Bonds, Series 2001,    8/11 at 101.00    AA    309,336 
     5.150%, 8/01/22             
415    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/10 at 101.00    AAA    449,947 
     Bonds, Fiscal Series 2000B, 6.100%, 6/15/31 – MBIA Insured             
1,500    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/11 at 101.00    AA+    1,604,340 
     Bonds, Fiscal Series 2001D, 5.500%, 6/15/17             
740    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/12 at 100.00    AA+    786,398 
     Bonds, Fiscal Series 2003A, 5.375%, 6/15/19             
2,955    Total Water and Sewer            3,150,021 
$         140,825    Total Investments (cost $142,825,098) – 98.9%            147,384,814 
    Other Assets Less Liabilities – 1.1%            1,675,209 
    Net Assets – 100%           $   149,060,023 

(1)    Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or 
    redemption. There may be other call provisions at varying prices at later dates. Certain 
    mortgage-backed securities may be subject to periodic principal paydowns. 
(2)    Ratings: Using the higher of Standard & Poor's or Moody's rating. Ratings below BBB by Standard 
    & Poor's Group or Baa by Moody's Investor Service, Inc. are considered to be below investment grade. 
(3)    Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency 
    securities which ensure the timely payment of principal and interest. Such investments are 
    normally considered to be equivalent to AAA rated securities. 
N/R    Not rated. 
(ETM)    Escrowed to maturity. 

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the treatment of paydown gains and losses, timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.

At June 30, 2006, the cost of investments was $142,579,672.

Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2006, were as follows:

Gross unrealized:     
  Appreciation    $5,685,671 
  Depreciation    (880,529) 
Net unrealized appreciation (depreciation) of investments    $4,805,142 

Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen New York Municipal Value Fund, Inc.        

By (Signature and Title)*          /s/ Jessica R. Droeger                     
                                                    Jessica R. Droeger
                                                    Vice President and Secretary

Date         August 28, 2006        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date         August 28, 2006        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date        August 28, 2006        

* Print the name and title of each signing officer under his or her signature.