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:          12/31/05         

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)
December 31, 2005

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, IAC/InterActiveCorp,  9/15 at 100.00  BBB-  $ 272,544 
  Series 2005, 5.000%, 9/01/35       
  Consumer Staples - 2.4%       
1,000  Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,  7/09 at 101.00  BBB-  1,058,000 
  Series 1999A, 6.500%, 7/15/27       
135  New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B, 5.800%, 6/01/23  6/10 at 101.00  BBB  138,488 
360  New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001, 5.250%, 6/01/25  6/11 at 101.00  BBB  364,187 
455  Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series 2002,  5/12 at 100.00  BBB  463,568 
  5.375%, 5/15/33       
275  Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds,  6/12 at 100.00  BBB  277,450 
  Series 2001A, 5.200%, 6/01/25       
1,250  TSASC Inc., New York, Tobacco Flexible Amortization Bonds, Series 1999-1, 6.250%, 7/15/27  7/09 at 101.00  BBB  1,312,888 
3,475  Total Consumer Staples      3,614,581 
  Education and Civic Organizations - 8.1%       
  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  642,234 
750  5.750%, 10/01/30 - RAAI Insured  10/10 at 100.00  AA  805,740 
800  Dormitory Authority of the State of New York, Insured Revenue Bonds, D'Youville College, Series 2001,  7/11 at 102.00  AA  854,640 
  5.250%, 7/01/20 - RAAI Insured       
615  Dormitory Authority of the State of New York, Revenue Bonds, City University of New York, Series 2005A,  No Opt. Call  AAA  703,437 
  5.500%, 7/01/18 - FGIC Insured       
1,250  Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College, Series 1999,  7/09 at 101.00  AA  1,357,300 
  6.250%, 7/01/29 - RAAI Insured       
750  Dormitory Authority of the State of New York, Revenue Bonds, Pratt Institute, Series 1999, 6.000%, 7/01/24 -  7/09 at 102.00  AA  818,468 
  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-  1,142,860 
1,400  6.000%, 7/01/20  No Opt. Call  AA-  1,664,054 
265  Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University, Civic Facility  10/15 at 100.00  A-  273,342 
  Project, Series 2005, 5.000%, 10/01/35       
245  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St. Francis College,  10/14 at 100.00  A-  251,003 
  Series 2004, 5.000%, 10/01/34       
1,100  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of Greater  2/11 at 100.00  A-  1,141,393 
  New York, Series 2002, 5.250%, 8/01/21       
2,000  New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of Natural History,  4/07 at 101.00  AAA  2,072,440 
  Series 1997A, 5.650%, 4/01/27 - MBIA Insured       
575  New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of American Folk Art, Series  7/10 at 101.00  A  621,339 
  2000, 6.000%, 7/01/22 - ACA Insured       
11,350  Total Education and Civic Organizations      12,348,250 
  Health Care - 12.0%       
490  Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, Olean General Hospital,  8/08 at 102.00  AA  506,596 
  Series 1998A, 5.250%, 8/01/23       
2,250  Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds, Rosalind  2/07 at 102.00  AAA  2,349,270 
  and Joseph Gurwin Jewish Geriatric Center of Long Island, Series 1997, 5.700%, 2/01/37 - AMBAC Insured       
705  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital,  2/15 at 100.00  AAA  738,255 
  Series 2004, 5.000%, 8/01/29 - FGIC Insured       
900  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series  2/15 at 100.00  AAA  941,076 
  2005, 5.000%, 2/01/28 - FGIC Insured       
1,800  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Saint Lukes Roosevelt Hospital,  8/15 at 100.00  AA  1,843,074 
  Series 2005, 4.900%, 8/15/31       
1,250  Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long Island  7/10 at 101.00  Baa1  1,371,000 
  Obligated Group - St. Catherine of Siena Medical Center, Series 2000A, 6.500%, 7/01/20       
1,000  Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health Obligated Group,  7/10 at 101.00  Ba1  1,065,120 
  Series 2000A, 6.500%, 7/01/25       
250  Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health, Series 2000C,  7/08 at 100.00  Ba1  253,228 
  5.500%, 7/01/26       
1,635  Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series  8/14 at 100.00  AAA  1,783,147 
  2004A, 5.250%, 8/15/15 - FSA Insured       
100  Dormitory Authority of the State of New York, Revenue Bonds, Nyack Hospital, Series 1996, 6.250%, 7/01/13  7/06 at 102.00  B2  98,790 
500  Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities Hospital,  7/13 at 100.00  Baa1  529,095 
  Series 2003B, 5.500%, 7/01/23       
500  Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University Hospital  7/13 at 100.00  Baa1  521,675 
  Association, Series 2003A, 5.500%, 7/01/32       
290  Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Nicholas H. Noyes  7/10 at 100.00  BB  303,702 
  Hospital, Series 2005, 6.000%, 7/01/30       
670  Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, North Shore Health  No Opt. Call  A3  715,821 
  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 1999A,  2/09 at 101.00  AAA  523,140 
  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  1,269,000 
1,000  5.250%, 2/15/22 - AMBAC Insured  2/13 at 100.00  AAA  1,080,000 
500  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten Island  7/12 at 100.00  B2  509,165 
  University Hospital, Series 2001B, 6.375%, 7/01/31       
250  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten Island  7/12 at 101.00  B2  257,742 
  University Hospital, Series 2002C, 6.450%, 7/01/32       
970  Newark-Wayne Community Hospital, New York, Hospital Revenue Refunding and Improvement Bonds,  3/06 at 100.00  N/R  969,990 
  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  520,760 
  Series 2001A, 7.125%, 7/01/31       
17,235  Total Health Care      18,149,646 
  Housing/Multifamily - 5.0%       
400  East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding Bonds,  4/10 at 102.00  AAA  433,392 
  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  1,784,860 
  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  1,048,740 
1,000  5.500%, 11/01/31  5/11 at 101.00  AA  1,039,440 
1,000  5.600%, 11/01/42  5/11 at 101.00  AA  1,039,100 
480  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Series  11/15 at 100.00  AA  483,350 
  2005F-1, 4.750%, 11/01/35       
440  New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue Bonds,  8/11 at 100.00  Aa1  461,186 
  Series 2001E, 5.600%, 8/15/20 (Alternative Minimum Tax)       
1,275  Westchester County Industrial Development Agency, New York, GNMA Collateralized Mortgage Loan Revenue  8/11 at 102.00  Aaa  1,367,629 
  Bonds, Living Independently for the Elderly Inc., Series 2001A, 5.375%, 8/20/21       
7,285  Total Housing/Multifamily      7,657,697 
  Housing/Single Family - 3.1%       
3,750  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 73A, 5.250%, 10/01/17  9/08 at 101.00  Aa1  3,854,475 
  (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  851,567 
  (Alternative Minimum Tax)       
4,590  Total Housing/Single Family      4,706,042 
  Long-Term Care - 11.8%       
1,000  Babylon Industrial Development Agency, New York, Revenue Bonds, WSNCHS East Inc., Series 2000B,  8/09 at 101.00  AAA  1,091,660 
  6.000%, 8/01/24 - MBIA Insured       
1,000  Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds, Eger  2/08 at 102.00  AAA  1,040,620 
  Healthcare Center of Staten Island, Series 1998, 5.100%, 2/01/28       
2,975  Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds, Hebrew  2/07 at 102.00  AA  3,107,923 
  Home for the Aged at Riverdale, Series 1997, 6.125%, 2/01/37       
1,845  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, German Masonic Home  8/06 at 102.00  AA-  1,902,047 
  Corporation, Series 1996, 5.950%, 8/01/26       
3,000  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, W.K. Nursing Home  8/06 at 102.00  AAA  3,103,770 
  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 2000,  7/10 at 101.00  Aa3  1,085,480 
  6.500%, 7/01/29       
135  Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005, 5.000%,  7/15 at 100.00  A  137,701 
  7/01/35 - ACA Insured       
2,015  East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Bonds, St. John's Meadows  8/07 at 102.00  AAA  2,126,651 
  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 Meadows  8/08 at 101.00  AAA  3,187,688 
  Project, Series 1998A, 5.250%, 8/01/38       
525  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special Needs  7/10 at 102.00  N/R  566,144 
  Facilities Pooled Program, Series 2000, 8.125%, 7/01/19       
530  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special Needs Facilities  7/11 at 101.00  N/R  557,454 
  Pooled Program, Series 2001A-1, 7.250%, 7/01/16       
17,150  Total Long-Term Care      17,907,138 
  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+  811,245 
  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  1,065,710 
400  5.000%, 11/01/20 - FSA Insured  11/14 at 100.00  AAA  425,068 
825  New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 - FSA Insured  8/15 at 100.00  AAA  891,833 
2,000  New York City, New York, General Obligation Bonds, Fiscal Series 2006F-1, 5.000%, 9/01/19 - XLCA Insured  9/15 at 100.00  AAA  2,128,420 
550  Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 - ACA Insured  6/10 at 100.00  A  581,240 
5,525  Total Tax Obligation/General      5,903,516 
  Tax Obligation/Limited - 20.1%       
1,000  Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.250%, 11/01/21  11/13 at 100.00  AAA  1,093,880 
  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  428,188 
250  5.000%, 7/01/25 - CIFG Insured  7/15 at 100.00  AAA  262,838 
105  Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services Facilities,  2/06 at 102.00  AAA  107,331 
  Series 1996B, 5.375%, 2/15/26 - FSA Insured       
380  Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities Improvements,  2/15 at 100.00  AAA  398,305 
  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 Development  4/12 at 100.00  AA-  1,937,569 
  Program, Series 2002, 5.375%, 4/01/16       
275  Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F,  3/15 at 100.00  AAA  293,263 
  5.000%, 3/15/21 - FSA Insured       
350  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School  5/14 at 100.00  AAA  394,888 
  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  2,141,440 
1,000  5.000%, 11/15/30  11/12 at 100.00  AA-  1,033,650 
1,000  Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A,  7/12 at 100.00  AA-  1,054,490 
  5.125%, 1/01/29       
560  Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003, 5.500%, 1/01/34  1/13 at 102.00  BBB  587,759 
  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  1,061,640 
740  5.000%, 10/15/25 - MBIA Insured  10/14 at 100.00  AAA  784,496 
550  5.000%, 10/15/26 - MBIA Insured  10/14 at 100.00  AAA  582,654 
1,510  5.000%, 10/15/29 - AMBAC Insured  10/14 at 100.00  AAA  1,591,691 
1,330  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E,  2/13 at 100.00  AAA  1,393,335 
  5.000%, 2/01/23       
1,000  New York State Environmental Facilities Corporation, Infrastructure Revenue Bonds, Series 2003A,  3/14 at 100.00  AA-  1,055,350 
  5.000%, 3/15/21       
2,450  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation,  No Opt. Call  AAA  2,835,998 
  Series 2005B, 5.500%, 4/01/20 - AMBAC Insured       
1,620  New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2002A, 5.125%, 3/15/21  3/12 at 100.00  AA  1,711,919 
  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State       
  Contingency Contract-Backed Bonds, Series 2003A-1:       
800  5.250%, 6/01/20 - AMBAC Insured  6/13 at 100.00  AAA  862,296 
2,000  5.250%, 6/01/22 - AMBAC Insured  6/13 at 100.00  AAA  2,143,800 
1,000  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State  6/13 at 100.00  AA-  1,091,080 
  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 Youth  1/17 at 100.00  AA-  1,882,737 
  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 Facilities Grants,  No Opt. Call  AA-  711,396 
  Series 1995, 5.875%, 1/01/21       
1,230  Suffolk County Judicial Facilities Agency, New York, Service Agreement Revenue Bonds, John P. Colahan  10/09 at 101.00  AAA  1,305,473 
  Court Complex, Series 1999, 5.000%, 4/15/16 - AMBAC Insured       
75  Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E, 7.250%, 1/01/10  No Opt. Call  AA-  80,890 
1,500  Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%, 10/01/24  10/10 at 101.00  BBB  1,668,000 
28,280  Total Tax Obligation/Limited      30,496,356 
  Transportation - 8.2%       
400  Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25  7/11 at 101.00  BBB+  426,492 
500  Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A,  11/12 at 100.00  AAA  551,140 
  5.500%, 11/15/19 - AMBAC Insured       
1,100  New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, British Airways  12/08 at 102.00  Ba2  965,261 
  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 Airport -  8/12 at 101.00  B-  1,067,460 
  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 - AMBAC Insured  1/15 at 100.00  AAA  703,426 
  New York State Thruway Authority, General Revenue Bonds, Series 2005G:       
400  5.000%, 1/01/30 - FSA Insured  7/15 at 100.00  AAA  422,132 
1,200  5.000%, 1/01/32 - FSA Insured  7/15 at 100.00  AAA  1,263,528 
500  Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport,  4/09 at 101.00  AAA  529,780 
  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  540,505 
1,000  5.000%, 12/01/28 - XLCA Insured  6/15 at 101.00  AAA  1,054,440 
435  5.000%, 12/01/31 - XLCA Insured  6/15 at 101.00  AAA  456,620 
2,500  Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds, Series 2002B,  11/12 at 100.00  Aa2  2,634,875 
  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  905,884 
800  5.250%, 11/15/22 - MBIA Insured  11/12 at 100.00  AAA  863,040 
11,785  Total Transportation      12,384,583 
  U.S. Guaranteed(3) - 12.3%       
3,345  Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk County Issue,  No Opt. Call  AAA  4,041,359 
  Series 1986, 7.375%, 7/01/16       
600  Dormitory Authority of the State of New York, Revenue Bonds, State Personal Income Tax, Series 2003A,  3/13 at 100.00  AA(3)  666,612 
  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 Facilities,  4/06 at 109.85  Baa1(3)  34,635 
  Series 1991A, 9.500%, 4/15/14       
350  Erie County Tobacco Asset Securitization Corporation, New York, Senior Tobacco Settlement Asset-Backed  7/10 at 101.00  AAA  389,946 
  Bonds, Series 2000, 6.000%, 7/15/20 (Pre-refunded 7/15/10)       
2,250  Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series 1997B, 5.000%,  7/07 at 102.00  AAA  2,350,508 
  7/01/20 - AMBAC Insured       
  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  166,787 
655  6.150%, 6/01/25 (Pre-refunded 6/01/10)  6/10 at 101.00  AAA  732,126 
1,000  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds,  6/09 at 101.00  AAA  1,079,540 
  Fiscal Series 2000A, 5.500%, 6/15/32 (Pre-refunded 6/15/09) - FGIC Insured       
20  New York City, New York, General Obligation Bonds, Fiscal Series 1997G, 6.000%, 10/15/26 (Pre-refunded  10/07 at 101.00  Aaa  21,143 
  10/15/07)      
350  New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B, 5.800%, 6/01/23 6/10 at 101.00  AAA  386,323 
  (Pre-refunded 6/01/10)      
1,000  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation, Series 2004, 4/14 at 100.00  AAA  1,091,300 
  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, High School Facility, 6/09 at 101.00  BBB-(3)  835,703 
  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, Series 1994, No Opt. Call  AAA  1,171,460 
  7.250%, 11/01/11 - MBIA Insured (Alternative Minimum Tax)      
2,600  Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 1999B, 5.500%, 1/22 at 100.00  AAA  3,015,090 
  1/01/30 (Pre-refunded 1/01/22)      
1,250  Westchester Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, 7/10 at 101.00  AAA  1,431,175 
  Series 1999, 6.750%, 7/15/29 (Pre-refunded 7/15/10)      
1,120  Yonkers Industrial Development Agency, New York, Revenue Bonds, Community Development Properties - 2/11 at 100.00  BBB-(3)  1,284,259 
  Yonkers Inc. Project, Series 2001A, 6.625%, 2/01/26 (Pre-refunded 2/01/11)      
16,465  Total U.S. Guaranteed     18,697,966 
  Utilities - 8.2%      
  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A:      
150  5.125%, 12/01/22 - FSA Insured 6/08 at 101.00  AAA  157,197 
2,500  5.250%, 12/01/26 6/08 at 101.00  A-  2,613,125 
2,330  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 9/11 at 100.00  A-  2,493,985 
  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-  798,143 
  5.375%, 5/01/33      
1,000  New York City Industrial Development Agency, New York, Revenue Bonds, Brooklyn Navy Yard Cogeneration 10/08 at 102.00  BBB-  1,006,870 
  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 York 3/08 at 101.50  AAA  1,508,805 
  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  1,585,980 
500  Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue Bonds, 11/11 at 101.00  Baa3  526,945 
  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 Bonds, 11/11 at 101.00  Baa3  263,962 
  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  952,870 
575  5.500%, 1/01/23 (Alternative Minimum Tax) 1/09 at 101.00  N/R  537,648 
12,055  Total Utilities     12,445,530 
  Water and Sewer - 3.0%      
300  Monroe County Water Authority, New York, Water System Revenue Bonds, Series 2001, 5.150%, 8/01/22 8/11 at 101.00  AA  318,150 
415  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, 6/10 at 101.00  AAA  460,372 
  Fiscal Series 2000B, 6.100%, 6/15/31 - MBIA Insured      
1,250  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, 6/10 at 101.00  AA+  1,343,800 
  Fiscal Series 2001A, 5.500%, 6/15/33      
1,500  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, 6/11 at 101.00  AA+  1,640,475 
  Fiscal Series 2001D, 5.500%, 6/15/17      
740  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds,  6/12 at 100.00  AA+  802,870 
  Fiscal Series 2003A, 5.375%, 6/15/19       
4,205  Total Water and Sewer      4,565,667 
$ 139,675  Total Investments (cost $141,312,414) - 98.3%      149,149,516 
  Other Assets Less Liabilities - 1.7%      2,582,056 
  Net Assets - 100%      $ 151,731,572 
 

(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 Baa by Moody’s Investor 
  Service, Inc. or BBB by Standard & Poor’s Group are considered to be below investment grade. 
(3 )  Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government 
  agency securities which ensures the timely payment of principal and interest. Such securities are normally 
  considered to be equivalent to AAA rated securities. 
N/R   Investment is not rated. 

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 timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.

At December 31, 2005, the cost of investments was $141,076,125.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2005, were as follows:

Gross unrealized:   
    Appreciation  $ 8,302,686  
    Depreciation  (229,295 ) 
Net unrealized appreciation (depreciation) of investments  $ 8,073,391  

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         2/27/06        

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         2/27/06        

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

Date         2/27/06        

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