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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 
     811-21124               

               BlackRock New York Municipal Income Trust II                
(Exact name of registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE
 
19809
(Address of principal executive offices)
 
(Zip code)

Robert S. Kapito, President

 
BlackRock New York Municipal Income Trust II
40 East 52nd Street, New York, NY 10022
(Name and address of agent for service)

Registrant's telephone number, including area code: 
     888-825-2257

Date of fiscal year end:
     August 31, 2007     
Date of reporting period: 
     May 31, 2007     

Item 1. Schedule of Investments.

The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:

PORTFOLIO OF INVESTMENTS (unaudited)
MAY 31, 2007
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets)

Principal              
Amount     Option Call        
(000)
 
 Description 
Provisions1
 
  
Value 
 
    LONG-TERM INVESTMENTS—156.1%           
    Multi-State—5.7%           
    Charter Mac Equity Issuer Trust,           
$     500 2      Ser. A, 5.75%, 4/30/15 
No Opt. Call
  $      533,335   
1,000 2      Ser. A, 6.00%, 4/30/19 
No Opt. Call
    1,099,110   
1,500 2      Ser. B, 6.00%, 4/30/15 
No Opt. Call
    1,602,615   
1,000 2      Ser. B, 6.30%, 4/30/19 
No Opt. Call
    1,067,330   
            4,302,390   
    New York—145.7%           
    Albany Indl. Dev. Agcy., Sch. Impvts. Lease Approp. RB, New Covenant Charter Sch. Proj.,           
345 3      Ser. A, 7.00%, 5/01/25 
05/15 @ 102 
    341,157   
220 3      Ser. A, 7.00%, 5/01/35 
05/15 @ 102 
    214,458   
4,000 4 City of New York, Recreational Fac. Impvts. Hotel Occupancy Tax GO, Ser. B, 5.75%, 12/01/11 
N/A
   
4,316,400 
 
1,715   Clarence Indl. Dev. Agcy., Ind. Impvts. RB, Bristol Vlg., Inc. Proj., 6.00%, 1/20/44 
01/13 @ 102 
    1,883,447   
2,535   Cntys. Tobacco Trust III, Misc. Tobacco Settlement Funded RB, 6.00%, 6/01/43 
06/13 @ 100 
    2,726,266   
3,000   Convention Ctr. Operating Corp., Recreational Fac. Impvts. Hotel Occupancy Tax RB, 5.00%, 11/15/35, AMBAC
11/15 @ 100 
    3,134,520   
    Dorm. Auth.,           
2,000        Hlth., Hosp. & Nursing Home RB, Kateri Residence Proj., 5.00%, 7/01/22 
07/13 @ 100 
    2,069,840   
1,500        Hlth., Hosp. & Nursing Home RB, St. Barnabas Hosp. Proj., Ser. A, 5.00%, 2/01/31 
08/12 @ 100 
    1,554,420   
2,500        Univ. & Coll. Impvts. RB, Brooklyn Law Sch. Proj., Ser. B, 5.125%, 7/01/30, XLCA
07/13 @ 100 
    2,606,575   
2,000        Univ. & Coll. Impvts. RB, Mount St. Mary Coll. Proj., 5.00%, 7/01/32, RAA 
07/13 @ 100 
    2,061,220   
2,425        Univ. & Coll. Impvts. RB, New Sch. Univ. Proj., 5.00%, 7/01/31, MBIA 
07/11 @ 100 
    2,487,856   
4,000 4 Dutchess Cnty. Ind. Dev. Agcy., Univ. & Coll. Impvts. Lease RB, Vassar Coll. Proj., 5.35%, 8/01/11
N/A
    4,262,360   
5,500   Energy Research & Dev. Auth., Elec., Pwr. & Lt. Impvts. RB, Cons. Edison Co. Proj., 4.70%, 6/01/36, AMT  
07/07 @ 100 
    5,501,430   
    Essex Cnty. Indl. Dev. Agcy.,           
650        Indl. Impvts. RB, Intl. Paper Co. Proj., Ser. A, 4.60%, 12/01/30, AMT 
12/11 @ 100 
    619,125   
625        Indl. RB, Intl. Paper Co. Proj., Ser. A, 5.50%, 10/01/26, AMT 
10/12 @ 100 
    646,512   
250   Genesee Cnty. Indl. Dev. Agcy., Hlth., Hosp. & Nursing Home RB, United Mem. Med. Ctr. Proj., 5.00%, 12/01/27 
12/12 @ 100 
    246,845   
3,250   Geneva Indl. Dev. Agcy., Uni. & Coll. Impvts. RB, Hobart & Williams Smith Proj., Ser. A, 5.375%, 2/01/33 
02/13 @ 100 
    3,423,842   
500   Hempstead Town Indl. Dev. Agcy., Univ. & Coll. Impvts. RB, Hofstra Univ. Civic Fac. Proj., 4.50%, 7/01/36 
07/17 @ 100 
    483,060   
385   Herkimer Cnty. Indl. Dev. Agcy., Univ. & Coll. Impvts. RB, Herkimer Coll. Fndtn. Proj., 6.25%, 8/01/34 
08/13 @ 100  
     414,888   
4,500   Hudson Yards Infrastructure Corp., Trans. Impvts. Misc. RB, Ser. A, 4.50%, 2/15/47, MBIA
02/17 @ 100 
    4,360,545   
    Liberty Dev. Corp.,           
3,000        Indl. Impvts. Misc. RB, Goldman Sachs Group, Inc. Proj., 5.25%, 10/01/35 
No Opt. Call
    3,332,340   
675        Recreational Fac. Impvts. RB, Nat. Sports Museum Proj., Ser. A, 6.125%, 2/15/19 
02/16 @ 100 
    706,232   
    Long Island Pwr. Auth., Elec., Pwr. & Lt. RB,           
3,515        Ser. A, Zero Coupon, 6/01/28, FSA 
No Opt. Call
    1,367,054   
1,000        Ser. B, 5.00%, 12/01/35, CIFG 
06/16 @ 100 
    1,045,710   
    Met. Transp. Auth.,           
5,000        Misc. RB, Ser. A, 5.125%, 1/01/29 
07/12 @ 100 
    5,191,000   
5,000        Trans. RB, Ser. A, 5.00%, 11/15/30 
11/12 @ 100 
    5,151,350   
2,000        Trans. RB, Ser. A, 5.25%, 11/15/31, FGIC 
11/12 @ 100 
    2,106,380   
1,420   New York City Hsg. Dev. Corp., Local or Gtd. Hsg. RB, Ser. J-2, 4.75%, 11/01/27, AMT 
05/17 @ 100 
    1,405,303   
    New York City Indl. Dev. Agcy.,           
1,000        Econ. Impvts. RB, IAC/Interactive Corp. Proj., 5.00%, 9/01/35 
09/15 @ 100 
    1,027,550   
1,000        Local Hsg. RB, Eger Harbor House, Inc. Proj., Ser. A, 4.95%, 11/20/32 
11/12 @ 101 
    1,027,880   
1,000        Local Hsg. RB, Eger Harbor House, Inc. Proj., Ser. A, 5.875%, 5/20/44 
11/12 @ 105 
    1,108,420   

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BlackRock New York Municipal Income Trust II (BFY) (continued)
(Percentages shown are based on Net Assets)

Principal                
Amount      
Option Call
       
(000)
 
 
 Description
Provisions1
 
Value
     
New York— (cont'd)
         
$     1,600    
     Port, Arpt. & Marina Impvts. RB, American Airlines, Inc./JFK Intl. Arpt. Proj., 7.625%,
     8/01/25, AMT
08/16 @ 101 
  $ 1,905,936  
1,500    
     Port, Arpt. & Marina Impvts. RB, American Airlines, Inc./JFK Intl. Arpt. Proj., 7.75%,
     8/01/31, AMT
08/16 @ 101 
    1,804,830  
1,500    
     Private Primary Schs. Lease RB, Lycee Francis de New York Proj., Ser. A, 5.375%,
     6/01/23, ACA
12/12 @ 100 
    1,566,285  
750    
     Recreational Fac. Impvts. RB, Queens Baseball Stad. Pilot Proj., 5.00%, 1/01/36,
     AMBAC
01/17 @ 100 
    788,445  
     
New York City Mun. Wtr. Fin. Auth.,
         
1,100    
     Wtr& Swr. Sys., Wtr. Swr. RB, Second Gen. Resolution Proj., Ser. A, 4.50%, 6/15/37,
     MBIA
06/16 @ 100 
    1,080,409  
900    
     Wtr. RB, Ser. A, 4.25%, 6/15/39, FSA
06/17 @ 100 
    844,443  
5,000    
     Wtr. RB, Ser. A, 5.125%, 6/15/34
06/12 @ 100 
    5,198,800  
5,000 4  
New York City Trans. Auth. Met. Transp. Auth. Triborough Brdg. & Tunl., Trans. Impvts.
     COP, Ser. A, 5.25%, 1/01/10, AMBAC
N/A
    5,223,250  
5,000    
New York City Transl. Fin. Auth., Income Tax RB, Ser. B, 5.00%, 11/01/27
11/12 @ 100 
    5,184,450  
3,675    
Port Auth. of New York & New Jersey, Port, Arpt. & Marina Impvts. RB, Contl.
         
     
     Airlines Proj., 9.125%, 12/01/15, AMT
07/07 @ 100 
    3,830,269  
2,000    
St Urban Dev. Corp., Pub. Impvts. Income Tax RB, Ser. B, 5.00%, 3/15/35
03/15 @ 100 
    2,087,660  
     
Suffolk Cnty. Indl. Dev. Agcy.,
         
450    
     Hlth., Hosp. & Nursing Home RB, Active Retirement Cmnty. Proj., 5.00%, 11/01/28
11/16 @ 100 
    455,036  
2,500    
     Indl. Impvts. RB, Keyspan-Port Jefferson Proj., 5.25%, 6/01/27, AMT
06/13 @ 100 
    2,602,975  
1,500    
Syracuse Indl. Dev. Agcy., Indl. Impvts. RB, Crousel Ctr. Proj., Ser. A, 5.00%,   1/01/36, XLCA,
     AMT
01/17 @ 100 
    1,549,545  
     
Triborough Brdg. & Tunl. Auth., Hwy. Tolls RB,
         
850
4
  
     Ser A, 5.00%, 1/01/12
N/A
    891,046  
150    
     Ser A, 5.00%, 1/01/32
01/12 @ 100 
    154,007  
8,000
4
  
TSASC, Inc. Rec. Recovery Impvts., Tobacco Settlement Funded RB, Ser. 1, 5.75%, 7/15/12
N/A
    8,669,200  
     
      110,660,571  
     
Puerto Rico—4.7%
         
1,400    
Children's Trust Fund, Tobacco Settlement Funded RB, 5.625%, 5/15/43
05/12 @ 100 
    1,472,590  
2,000 4  
Hwy & Transp. Auth., Hwy. Impvts. Hwy. Tolls RB, Ser. D, 5.375%, 7/01/12
N/A
    2,137,620  
     
      3,610,210  
     
Total Long-Term Investments (cost $113,560,407)
      118,573,171  
Shares    
         
(000)
   
         
     
MONEY MARKET FUND—0.3%
         
205 5,6  
CMA New York Mun. Money Fund, 3.21% (cost $204,426)
      204,426  
     
Total Investments —156.4% (cost $113,764,8337)
    $ 118,777,597  
     
Other assets in excess of liabilities —2.4%
      1,816,802  
     
Preferred shares at redemption value, including dividends payable —(58.8)%
      (44,654,159 ) 
     
Net Assets Applicable to Common Shareholders —100%
    $ 75,940,240  

1      Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates.
 
2      Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of May 31, 2007, the Trust held 5.7% of its net assets, with a current market value of $4,302,390, in securities restricted as to resale.
 
3      Illiquid security. As of May 31, 2007, the Trust held 0.7% of its net assets, with a current market value of $555,615, in these securities.
 
4      This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par.
 
5      Represents an investment in an affiliate.
 
6      Represents current yield as of May 31, 2007.
 
7      Cost for federal income tax purposes is $113,760,098. The net unrealized appreciation on a tax basis is $5,017,499, consisting of $5,272,712 gross unrealized appreciation and $255,213 gross unrealized depreciation.
 
 
KEY TO ABBREVIATIONS
 
ACA    —    American Capital Access    FSA    —    Financial Security Assurance 
AMBAC    —    American Municipal Bond Assurance Corp.    GO    —    General Obligation 
AMT    —    Subject to Alternative Minimum Tax    MBIA    —    Municipal Bond Insurance Assoc. 
CIFG    —    CDC IXIS Financial Guaranty    RAA    —    Radian Asset Assurance 
COP    —    Certificate of Participation    RB    —    Revenue Bond 
FGIC    —    Financial Guaranty Insurance Co.    XLCA    —    XL Capital Assurance 
 
 

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Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(b) 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.

Separate certifications of the Registrant’s Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.


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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) 
       BlackRock New York Municipal Income Trust II        
   
By: 
     /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: July 25, 2007

          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: 
     /s/ Robert S. Kapito
Name: Robert S. Kapito
Title: President and Principal Executive Officer
Date: July 25, 2007
   
By: 
     /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: July 25, 2007


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