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)

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


Kevin J. McCarthy—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:         6/30/07         

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, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Discretionary – 0.4% (0.5% of Total Investments)             
$             275    New York City Industrial Development Agency, New York, Liberty Revenue Bonds,    9/15 at 100.00    BBB–   $   280,827 
     IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35             
450    Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,    6/17 at 100.00    BB    446,895 
     Series 2007A, 5.000%, 12/01/23             
725    Total Consumer Discretionary            727,722 
    Consumer Staples – 1.6% (1.6% of Total Investments)             
300    New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,    6/11 at 101.00    BBB    308,250 
     5.250%, 6/01/25             
435    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    451,769 
     Series 2002, 5.375%, 5/15/33             
225    Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed    6/12 at 100.00    BBB    230,699 
     Bonds, Series 2001A, 5.200%, 6/01/25             
    TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:             
1,085     4.750%, 6/01/22    6/16 at 100.00    BBB    1,083,231 
345     5.000%, 6/01/26    6/16 at 100.00    BBB    348,474 
2,390    Total Consumer Staples            2,422,423 
    Education and Civic Organizations – 9.0% (9.0% of Total Investments)             
    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    626,610 
750     5.750%, 10/01/30 – RAAI Insured    10/10 at 100.00    AA    784,860 
275    Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series    7/17 at 100.00    BBB    275,858 
     2007A, 5.000%, 7/01/31             
115    Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter    4/17 at 100.00    N/R    114,726 
     Schools, Series 2007A, 5.000%, 4/01/37             
90    Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure    5/16 at 100.00    BBB–    90,537 
     University, Series 2006, 5.000%, 5/01/23             
1,175    Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series    7/17 at 100.00    AA    1,201,461 
     2007A, 5.000%, 7/01/41 – RAAI Insured             
800    Dormitory Authority of the State of New York, Insured Revenue Bonds, D’Youville College,    7/11 at 102.00    AA    836,616 
     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    685,165 
     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    1,310,050 
     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    789,953 
     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–    1,110,680 
1,400     6.000%, 7/01/20    No Opt. Call    AA–    1,605,940 
1,175    Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard    8/17 at 100.00    A3    1,083,703 
     College Project, Series 2007-A2, 4.500%, 8/01/36             
265    Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,    10/15 at 100.00    A–    271,371 
     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–    249,729 
     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–    1,126,103 
     Greater New York, Series 2002, 5.250%, 8/01/21             
450    New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium    9/16 at 100.00    AAA    466,214 
     Project, Series 2006, 5.000%, 3/01/36 – MBIA Insured             
575    New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of American Folk    7/10 at 101.00    A    609,765 
     Art, Series 2000, 6.000%, 7/01/22 – ACA Insured             
170    Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic    10/17 at 100.00    BBB    171,550 
     College, Series 2007, 5.000%, 10/01/27             
12,800    Total Education and Civic Organizations            13,410,891 
    Financials – 0.2% (0.3% of Total Investments)             
400    Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series    No Opt. Call    AA–    434,512 
     2005, 5.250%, 10/01/35             
    Health Care – 12.9% (12.9% of Total Investments)             
490    Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, Olean General    8/08 at 102.00    AA    500,540 
     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,    8/07 at 102.00    AAA    2,298,083 
     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    1,036,637 
     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    727,048 
     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    1,818,054 
     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    1,332,475 
     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    1,235,508 
     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    Baa1    1,058,460 
     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    BBB    252,590 
     2000C, 5.500%, 7/01/26             
1,610    Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian    8/14 at 100.00    AAA    1,721,605 
     Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured             
500    Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities    7/13 at 100.00    Baa1    517,940 
     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    519,130 
     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    298,732 
     Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30             
575    Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, North Shore    No Opt. Call    A3    599,553 
     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    512,830 
     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    1,233,210 
1,000     5.250%, 2/15/22 – AMBAC Insured    2/13 at 100.00    AAA    1,049,540 
490    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten    7/12 at 100.00    B2    516,632 
     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    266,345 
     Island University Hospital, Series 2002C, 6.450%, 7/01/32             
320    New York State Dormitory Authority, Revenue Bonds, North Shore Jewish Obligated Group, Series    5/17 at 100.00    A3    326,842 
     2007A, 5.000%, 5/01/32             
900    Newark-Wayne Community Hospital, New York, Hospital Revenue Refunding and Improvement Bonds,    9/07 at 100.00    N/R    901,233 
     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    B+    534,065 
     Series 2001A, 7.125%, 7/01/31             
18,555    Total Health Care            19,257,052 
    Housing/Multifamily – 5.1% (5.1% of Total Investments)             
400    East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding    4/10 at 102.00    AAA    426,476 
     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    1,751,448 
     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    1,037,320 
1,000     5.500%, 11/01/31    5/11 at 101.00    AA    1,030,490 
1,000     5.600%, 11/01/42    5/11 at 101.00    AA    1,029,980 
480    New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,    11/15 at 100.00    AA    479,602 
     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    449,724 
     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    1,340,841 
     Revenue Bonds, Living Independently for the Elderly Inc., Series 2001A, 5.375%, 8/20/21             
7,285    Total Housing/Multifamily            7,545,881 
    Housing/Single Family – 3.7% (3.7% of Total Investments)             
950    New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%, 4/01/27    4/15 at 100.00    Aa1    915,078 
     (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    3,807,863 
     (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    825,762 
     (Alternative Minimum Tax)             
5,540    Total Housing/Single Family            5,548,703 
    Long-Term Care – 6.8% (6.8% of Total Investments)             
1,000    Babylon Industrial Development Agency, New York, Revenue Bonds, WSNCHS East Inc., Series    8/09 at 101.00    AAA    1,049,480 
     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    1,020,100 
     Eger Healthcare Center of Staten Island, Series 1998, 5.100%, 2/01/28             
2,855    Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,    8/07 at 102.00    AA    2,916,240 
     Hebrew Home for the Aged at Riverdale, Series 1997, 6.125%, 2/01/37             
1,615    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, German    8/07 at 101.00    AA–    1,645,233 
     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    8/07 at 101.00    AAA    2,014,960 
     Home Corporation, Series 1996, 6.125%, 2/01/36             
450    Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of    2/17 at 103.00    AA    474,251 
     Westchester Project, Series 2006, 5.200%, 2/15/41             
270    Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens    11/16 at 100.00    Aa3    276,194 
     Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31             
135    Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,    7/15 at 100.00    A    136,152 
     5.000%, 7/01/35 – ACA Insured             
530    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special    7/11 at 101.00    N/R    561,238 
     Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16             
9,855    Total Long-Term Care            10,093,848 
    Tax Obligation/General – 3.7% (3.7% of Total Investments)             
1,230    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A,    2/17 at 100.00    AAA    1,165,425 
     4.500%, 2/15/47 – MBIA Insured (UB)             
750    New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16    8/14 at 100.00    AA    795,855 
    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    1,047,450 
400     5.000%, 11/01/20 – FSA Insured    11/14 at 100.00    AAA    418,720 
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    2,098,020 
     XLCA Insured             
5,380    Total Tax Obligation/General            5,525,470 
    Tax Obligation/Limited – 23.4% (23.4% of Total Investments)             
1,000    Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.250%, 11/01/21    11/13 at 100.00    AAA    1,059,560 
    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    419,502 
250     5.000%, 7/01/25 – CIFG Insured    7/15 at 100.00    AAA    258,240 
5    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    2/08 at 100.00    AAA    5,041 
     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    392,255 
     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–    1,895,287 
     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    288,148 
     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    384,335 
     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    2,093,200 
1,000     5.000%, 11/15/30    11/12 at 100.00    AA    1,021,440 
1,000    Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,    7/12 at 100.00    AA–    1,032,250 
     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    577,164 
     5.500%, 1/01/34             
    New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local             
    Government Assistance Corporation, Series 2004A:             
740     5.000%, 10/15/25 – MBIA Insured    10/14 at 100.00    AAA    769,511 
550     5.000%, 10/15/26 – MBIA Insured    10/14 at 100.00    AAA    571,236 
1,510     5.000%, 10/15/29 – AMBAC Insured    10/14 at 100.00    AAA    1,566,383 
1,200    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal    1/17 at 100.00    AAA    1,250,376 
     Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured             
1,330    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    2/13 at 100.00    AAA    1,377,774 
     Series 2003E, 5.000%, 2/01/23             
1,530    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    11/17 at 100.00    AAA    1,600,977 
     Series 2007C-1, 5.000%, 11/01/27             
1,000    New York Convention Center Development Corporation, Hotel Unit Fee Revenue Bonds, Series 2005,    11/15 at 100.00    AAA    1,025,820 
     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–    1,035,940 
     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    866,477 
     Development and Housing, Series 2006A, 5.000%, 3/15/36             
    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation,             
    Series 2005B:             
2,450     5.500%, 4/01/20 – AMBAC Insured    No Opt. Call    AAA    2,742,579 
1,000     5.000%, 4/01/21 – AMBAC Insured    10/15 at 100.00    AAA    1,048,010 
1,175    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,    10/17 at 100.00    AA    1,225,208 
     5.000%, 4/01/27             
1,620    New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2002A,    3/12 at 100.00    AAA    1,679,146 
     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    1,899,576 
2,000     5.250%, 6/01/22 – AMBAC Insured    6/13 at 100.00    AAA    2,101,000 
1,000    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AA–    1,067,770 
     State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
1,625    New York State Urban Development Corporation, Service Contract Revenue Bonds, Correctional and    No Opt. Call    AA–    1,702,090 
     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–    686,424 
     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    1,272,251 
     Colahan Court Complex, Series 1999, 5.000%, 4/15/16 – AMBAC Insured             
60    Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E,    No Opt. Call    AA–    62,701 
     7.250%, 1/01/10             
33,285    Total Tax Obligation/Limited            34,977,671 
    Transportation – 7.3% (7.3% of Total Investments)             
180    Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25    7/11 at 101.00    BBB+    189,013 
500    Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,    11/12 at 100.00    AAA    535,070 
     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    BB+    1,079,969 
     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    1,162,520 
     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    692,646 
     AMBAC Insured             
400    New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –    7/15 at 100.00    AAA    414,816 
     FSA Insured             
500    Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara    4/09 at 101.00    AAA    516,765 
     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    528,565 
1,000     5.000%, 12/01/28 – XLCA Insured    6/15 at 101.00    AAA    1,042,380 
435     5.000%, 12/01/31 – XLCA Insured    6/15 at 101.00    AAA    452,061 
2,500    Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds,    11/12 at 100.00    Aa2    2,574,750 
     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    876,541 
800     5.250%, 11/15/22 – MBIA Insured    11/12 at 100.00    AAA    843,960 
10,365    Total Transportation            10,909,056 
    U.S. Guaranteed – 16.0% (16.0% of Total Investments) (4)             
220    Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25    7/11 at 101.00    N/R (4)    236,232 
     (Pre-refunded 7/15/11)             
2,980    Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk    No Opt. Call    AAA    3,446,251 
     County Issue, Series 1986, 7.375%, 7/01/16 (ETM)             
25    Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial    10/07 at 108.43    Baa1 (4)    32,764 
     Facilities, Series 1991A, 9.500%, 4/15/14 (ETM)             
2,015    East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Bonds, St. John’s    8/07 at 102.00    AAA    2,058,584 
     Meadows Project, Series 1997A, 5.750%, 8/01/37 (Pre-refunded 8/01/07) – MBIA Insured             
3,125    East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Bonds, St. John’s    8/08 at 101.00    AAA    3,206,906 
     Meadows Project, Series 1998A, 5.250%, 8/01/38 (Pre-refunded 8/01/08)             
325    Erie County Tobacco Asset Securitization Corporation, New York, Senior Tobacco Settlement    7/10 at 101.00    AAA    346,957 
     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    51,152 
     5.125%, 12/01/22 (Pre-refunded 6/01/08) – FSA Insured             
750    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001L,    5/11 at 100.00    AAA    790,005 
     5.375%, 5/01/33 (Pre-refunded 5/01/11)             
2,250    Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series    9/07 at 102.00    AAA    2,297,138 
     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    160,020 
540     6.150%, 6/01/25 (Pre-refunded 6/01/10)    6/10 at 101.00    AAA    570,688 
1,000    Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,    7/09 at 101.00    AAA    1,061,360 
     Series 1999A, 6.500%, 7/15/27 (Pre-refunded 7/15/09)             
450    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special    7/10 at 102.00    N/R (4)    493,083 
     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    20,329 
     (Pre-refunded 10/15/07)             
750    Niagara Falls City School District, Niagara County, New York, Certificates of Participation,    6/09 at 101.00    BBB– (4)    796,703 
     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    1,125,030 
     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    2,929,030 
     5.500%, 1/01/30 (Pre-refunded 1/01/22)             
1,500    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%,    10/10 at 101.00    BBB+ (4)    1,631,505 
     10/01/24 (Pre-refunded 10/01/10)             
1,250    Westchester Tobacco Asset Securitization Corporation, New York, Tobacco Settlement    7/10 at 101.00    AAA    1,362,988 
     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– (4)    1,222,614 
     Properties – Yonkers Inc. Project, Series 2001A, 6.625%, 2/01/26 (Pre-refunded 2/01/11)             
22,120    Total U.S. Guaranteed            23,839,339 
    Utilities – 6.8% (6.8% of Total Investments)             
    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    1,566,330 
1,500     5.000%, 12/01/24 – FGIC Insured    6/16 at 100.00    AAA    1,562,955 
250    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,    6/16 at 100.00    AAA    258,073 
     5.000%, 12/01/35 – CIFG Insured             
1,000    New York City Industrial Development Agency, New York, Revenue Bonds, Brooklyn Navy Yard    10/08 at 102.00    BBB–    1,009,780 
     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    1,500,285 
     York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – MBIA Insured             
500    Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue    11/11 at 101.00    Baa2    518,090 
     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    Baa2    259,060 
     Bonds, American Ref-Fuel Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory             
     put 11/15/14) (Alternative Minimum Tax)             
1,500    Power Authority of the State of New York, General Revenue Bonds, Series 2000A, 5.250%, 11/15/40    11/10 at 100.00    Aa2    1,551,435 
345    Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,    11/15 at 100.00    AAA    363,061 
     11/15/19 – FGIC Insured             
    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    984,560 
575     5.500%, 1/01/23 (Alternative Minimum Tax)    1/09 at 101.00    N/R    561,930 
9,920    Total Utilities            10,135,559 
    Water and Sewer – 2.9% (2.9% of Total Investments)             
300    Monroe County Water Authority, New York, Water System Revenue Bonds, Series 2001,    8/07 at 100.00    AA    312,254 
     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    442,493 
     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+    1,594,468 
     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+    782,800 
     Bonds, Fiscal Series 2003A, 5.375%, 6/15/19             
1,150    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/17 at 100.00    AA    1,188,730 
     Bonds, Fiscal Series 2007DD, 5.000%, 6/15/38             
4,105    Total Water and Sewer            4,320,745 
$      142,725    Total Investments (cost $144,568,167) – 99.8%            149,148,872 
    Floating Rate Obligations – (0.5)%            (820,000) 
    Other Assets Less Liabilities – 0.7%            1,050,659 
    Net Assets Applicable to Common Shares – 100%           $   149,379,531 

Forward Swaps outstanding at June 30, 2007:                         
        Fund            Fixed Rate            Unrealized 
    Notional    Pay/Receive    Floating Rate    Fixed Rate    Payment    Effective    Termination    Appreciation 
Counterparty    Amount    Floating Rate    Index    (Annualized)    Frequency    Date (5)    Date    (Depreciation) 
JPMorgan    $2,200,000    Pay    3-Month USD-LIBOR    5.768%    Semi-Annually    7/20/07    7/20/29    $(12,934) 
Morgan Stanley    2,000,000    Pay    3-Month USD-LIBOR             5.771       Semi-Annually    7/20/07    7/20/34    (13,660) 
                                $(26,594) 
USD-LIBOR (United States Dollar-London Inter-Bank Offered Rate)                     

(1)    All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
    shares unless otherwise noted. 
(2)    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. 
(3)    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. 
(4)    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. 
(5)    Effective date represents the date on which both the Fund and counterparty commence interest payment 
    accruals on each forward swap contract. 
N/R    Not rated. 
(ETM)    Escrowed to maturity. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

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, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140.

At June 30, 2007, the cost of investments was $143,477,731.

Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2007, were as follows:

Gross unrealized:     
  Appreciation    $5,417,529 
  Depreciation    (566,388) 
Net unrealized appreciation (depreciation) of investments    $4,851,141 

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/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date         August 29, 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 (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date         August 29, 2007        

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

Date        August 29, 2007        

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