485BPOS 2012-05-31 0000723765 2012-10-01 Dreyfus New York Tax Exempt Bond Fund, Inc. false 2012-09-27 2012-10-01 The fund is non-diversified, which means that a relatively high percentage of the fund's assets may be invested in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund. <div style="display:none">~ http://www.dreyfus.com/role/ExpenseExample_S000000084Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.dreyfus.com/role/BarChartData_S000000084Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund seeks as high a level of current income exempt from federal, New York<br />state and New York city income taxes as is consistent with the preservation of<br />capital and the maintenance of liquidity.</tt> <tt>The Example is intended to help you compare the cost of investing in the fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the fund for the time periods indicated and then redeem all of<br />your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the fund's operating expenses<br />remain the same. Although your actual costs may be higher or lower, based on<br />these assumptions your costs would be:</tt> <tt>As a money market fund, the fund is subject to the maturity, quality, liquidity<br />and diversification requirements of Rule 2a-7 under the Investment Company Act<br />of 1940, as amended, which are designed to help money market funds maintain a<br />stable share price of $1.00. To pursue its goal, the fund normally invests<br />substantially all of its net assets in short-term, high quality municipal<br />obligations that provide income exempt from federal and New York state and New<br />York city income taxes. The fund also seeks to provide income exempt from the<br />federal alternative minimum tax.<br /> <br />The fund also may invest in high quality short-term structured notes, which are<br />derivative instruments whose value is tied to underlying municipal obligations.<br /> <br />Although the fund seeks to provide income exempt from federal, New York state<br />and New York city income taxes, the fund temporarily may invest in high quality,<br />taxable money market instruments and/or municipal obligations that pay income<br />exempt only from federal income tax, including when the portfolio manager<br />believes acceptable New York state or New York city municipal obligations are<br />not available for investment.</tt> Fund Summary Example Investment Objective The fund's past performance (before and after taxes) is no guarantee of future results. Principal Risks Year-by-Year Total Returns as of 12/31 each year (%) Performance <tt>For the fund's current yield, call toll-free 1-800-DREYFUS (inside the U.S. only).</tt> The following bar chart and table provide some indication of the risks of investing in the fund. <tt>Best Quarter&#xA0;&#xA0;&#xA0;<br />Q2, 2007: 0.78%<br />Worst Quarter&#xA0;&#xA0;<br />Q2, 2011: 0.00%<br /><br />The fund's year-to-date total return as of 6/30/12 was 0.00%.</tt> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns as of 12/31/11 <tt>The bar chart shows changes in the performance of the fund's shares from year to year.</tt> Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. <tt>An investment in the fund is not insured or guaranteed by the Federal Deposit<br />Insurance Corporation (FDIC) or any other government agency. Although the fund<br />seeks to preserve the value of your investment at $1.00 per share, it is<br />possible to lose money by investing in the fund.<br /> <br />The fund's yield will fluctuate as the short-term securities in its portfolio<br />mature and the proceeds are reinvested in securities with different interest<br />rates. Additionally, while the fund has maintained a constant share price since<br />inception, and will continue to try to do so, neither The Dreyfus Corporation<br />nor its affiliates are required to make a capital infusion, enter into a capital <br />support agreement or take other actions to prevent the fund's share price from <br />falling below $1.00. The following are the principal risks that could reduce <br />the fund's income level and/or share price:<br /> <br />o Interest rate risk. This risk refers to the decline in the prices of<br />fixed-income securities that may accompany a rise in the overall level of<br />interest rates. A sharp and unexpected rise in interest rates could cause a<br />money market fund's share price to drop below a dollar.<br /> <br />o Credit risk. Failure of an issuer to make timely interest or principal<br />payments, or a decline or perception of a decline in the credit quality of a<br />security, can cause the security's price to fall, potentially lowering the<br />fund's share price. Although the fund invests only in high quality debt<br />securities, any of the fund's holdings could have its credit rating downgraded<br />or could default. The credit quality of the securities held by the fund can<br />change rapidly in certain market environments, and the default of a single<br />holding could have the potential to cause significant deterioration of the<br />fund's net asset value.<br /> <br />o Liquidity risk. When there is little or no active trading market for specific<br />types of securities, it can become more difficult to sell the securities at or<br />near their perceived value. In such a market, the value of such securities may<br />fall dramatically, potentially lowering the fund's share price, even during<br />periods of declining interest rates. Also, during such periods, redemptions by a<br />few large investors in the fund may have a significant adverse effect on the<br />fund's net asset value and remaining fund shareholders.<br /> <br />o State-specific risk. The fund is subject to the risk that New York's economy,<br />and the revenues underlying its municipal obligations, may decline. Investing<br />primarily in a single state makes the fund more sensitive to risks specific to<br />the state and may magnify other risks.<br /> <br />o Tax risk. To be tax-exempt, municipal obligations generally must meet certain<br />regulatory requirements. If any such municipal obligation fails to meet these<br />regulatory requirements, the interest received by the fund from its investment<br />in such obligations and distributed to fund shareholders will be taxable.<br /> <br />o Structured notes risk. Structured notes, a type of derivative instrument, can<br />be volatile, and the possibility of default by the financial institution or<br />counterparty may be greater for these instruments than for other types of money<br />market instruments. Structured notes typically are purchased in privately<br />negotiated transactions from financial institutions and, thus, an active trading<br />market for such instruments may not exist.<br /> <br />o Non-diversification risk. The fund is non-diversified, which means that a<br />relatively high percentage of the fund's assets may be invested in a limited<br />number of issuers. Therefore, the fund's performance may be more vulnerable to<br />changes in the market value of a single issuer or group of issuers and more<br />susceptible to risks associated with a single economic, political or regulatory<br />occurrence than a diversified fund.</tt> Fees and Expenses Principal Investment Strategy www.dreyfus.com <tt>The following bar chart and table provide some indication of the risks of<br />investing in the fund. The table shows the average annual total returns of <br />the fund's shares over time. The fund's past performance (before and<br />after taxes) is no guarantee of future results. More recent performance<br />information may be available at www.dreyfus.com.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund.</tt> <div style="display:none">~ http://www.dreyfus.com/role/OperatingExpensesData_S000000084Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.dreyfus.com/role/PerformanceTableData_S000000084Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. DNYXX 0.0092 Worst Quarter Best Quarter 2012-06-30 70 2007-06-30 221 0.0000 0.0059 0.00 859 384 0.0306 0.0078 0.0001 0.0019 0.0180 0.0050 2011-06-30 0.0024 0.0102 0.0179 year-to-date total return 0.0001 0.0047 0.0117 0.0069 0.0285 0.0000 The fund is non-diversified, meaning that a relatively high percentage of the fund's assets may be invested in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund. <tt>The fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover may<br />indicate higher transaction costs and may result in higher taxes when fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />annual fund operating expenses or in the example, affect the fund's performance.<br />During the most recent fiscal year, the fund's portfolio turnover rate was<br />11.99% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.dreyfus.com/role/ExpenseExample_S000000082Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.dreyfus.com/role/BarChartData_S000000082Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund seeks as high a level of current income exempt from federal, New York<br />state and New York city income taxes as is consistent with the preservation of<br />capital.</tt> <tt>The Example is intended to help you compare the cost of investing in the fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the fund for the time periods indicated and then redeem all of<br />your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the fund's operating expenses<br />remain the same. Although your actual costs may be higher or lower, based on<br />these assumptions your costs would be:<br /> </tt> <tt>To pursue its goal, the fund normally invests substantially all of its net<br />assets in municipal bonds that provide income exempt from federal, New York<br />state and New York city income taxes. The fund invests at least 80% of its<br />assets in municipal bonds rated investment grade (Baa/BBB or higher) or the<br />unrated equivalent as determined by The Dreyfus Corporation. For additional<br />yield, the fund may invest up to 20% of its assets in municipal bonds rated<br />below investment grade ("high yield" or "junk" bonds) or the unrated equivalent<br />as determined by The Dreyfus Corporation. The dollar-weighted average maturity<br />of the fund's portfolio normally exceeds ten years, but the fund may invest<br />without regard to maturity.<br /> <br />The portfolio managers focus on identifying undervalued sectors and securities.<br />To select municipal bonds for the fund, the portfolio managers use fundamental<br />credit analysis to estimate the relative value and attractiveness of various<br />sectors and securities and actively trade among various sectors, based on their<br />apparent relative values.<br /> <br />Although the fund seeks to provide income exempt from federal, New York state<br />and New York city income taxes, income from some of the fund's holdings may be<br />subject to the federal alternative minimum tax. In addition, the fund may invest<br />temporarily in taxable obligations.</tt> Fund Summary Example After-tax returns are calculated using the historical highest individual federal marginal tax rates, and do not reflect the impact of state and local taxes. Investment Objective The fund's past performance (before and after taxes) is no guarantee of future results. Principal Risks 0.1199 Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Year-by-Year Total Returns as of 12/31 each year (%) Performance The following bar chart and table provide some indication of the risks of investing in the fund. <tt>Best Quarter&#xA0;&#xA0;&#xA0;&#xA0;<br />Q3, 2009: 7.48% <br />Worst Quarter&#xA0;&#xA0;&#xA0;<br />Q4, 2010: -4.75%<br />&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />The fund's year-to-date total return as of 6/30/12 was 3.91%.</tt> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns (as of 12/31/11) <tt>The bar chart shows changes in the performance of the fund's shares from year to year.</tt> Portfolio Turnover It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. <tt>An investment in the fund is not a bank deposit. It is not insured or guaranteed<br />by the Federal Deposit Insurance Corporation (FDIC) or any other government<br />agency. It is not a complete investment program. The fund's share price<br />fluctuates, sometimes dramatically, which means you could lose money.<br /> <br />o Municipal bond market risk. The amount of public information available about<br />municipal bonds is generally less than that for corporate equities or bonds.<br />Special factors, such as legislative changes, and state and local economic and<br />business developments, may adversely affect the yield and/or value of the fund's<br />investments in municipal bonds. Other factors include the general conditions of<br />the municipal bond market, the size of the particular offering, the maturity of<br />the obligation and the rating of the issue. Changes in economic, business or<br />political conditions relating to a particular municipal project, municipality,<br />or state in which the fund invests may have an impact on the fund's share price.<br /> <br />o Interest rate risk. Prices of municipal bonds tend to move inversely with<br />changes in interest rates. Typically, a rise in rates will adversely affect bond<br />prices and, accordingly, the fund's share price. The longer the effective<br />maturity and duration of the fund's portfolio, the more the fund's share price<br />is likely to react to interest rates.<br /> <br />o Credit risk. Failure of an issuer to make timely interest or principal<br />payments, or a decline or perception of a decline in the credit quality of a<br />municipal bond, can cause the bond's price to fall, potentially lowering the<br />fund's share price. The lower a bond's credit rating, the greater the chance -<br />in the rating agency's opinion - that the bond issuer will default or fail to<br />meet its payment obligations. To the extent the fund invests in high yield<br />("junk") bonds, its portfolio is subject to heightened credit risk.<br /> <br />o Liquidity risk. When there is little or no active trading market for specific<br />types of securities, it can become more difficult to sell the securities at or<br />near their perceived value. In such a market, the value of such securities and<br />the fund's share price may fall dramatically, even during periods of declining<br />interest rates. The secondary market for certain municipal bonds tends to be<br />less well developed or liquid than many other securities markets, which may<br />adversely affect the fund's ability to sell such municipal bonds at attractive<br />prices.<br /> <br />o State-specific risk. The fund is subject to the risk that New York's economy,<br />and the revenues underlying its municipal obligations, may decline. Investing<br />primarily in a single state makes the fund more sensitive to risks specific to<br />the state and may magnify other risks.<br /> <br />o Non-diversification risk. The fund is non-diversified, meaning that a<br />relatively high percentage of the fund's assets may be invested in a limited<br />number of issuers. Therefore, the fund's performance may be more vulnerable to<br />changes in the market value of a single issuer or group of issuers and more<br />susceptible to risks associated with a single economic, political or regulatory<br />occurrence than a diversified fund.</tt> Fees and Expenses Principal Investment Strategy www.dreyfus.com <tt>The following bar chart and table provide some indication of the risks of<br />investing in the fund. The table compares the average annual total returns <br />of the fund's shares to those of a broad measure of market performance. The <br />fund's past performance (before and after taxes) is no guarantee of future <br />results. More recent performance information may be available at<br />www.dreyfus.com.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund.</tt> <div style="display:none">~ http://www.dreyfus.com/role/OperatingExpensesData_S000000082Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.dreyfus.com/role/PerformanceTableData_S000000082Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <tt>After-tax returns are calculated using the historical highest individual federal<br />marginal tax rates, and do not reflect the impact of state and local taxes.<br />Actual after-tax returns depend on the investor's tax situation and may differ<br />from those shown, and the after tax returns shown are not relevant to investors<br />who hold their shares through tax-deferred arrangements such as 401(k) plans or<br />individual retirement accounts.</tt> An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Barclays Municipal Bond Index reflects no deduction for fees, expenses or taxes 0.1070 0.0522 0.0538 Fund returns after taxes on distributions and sale of fund shares 0.0784 0.0440 0.0452 Fund returns after taxes on distributions 0.0987 0.0448 0.0456 DRNYX 0.0903 Worst Quarter Best Quarter 2012-06-30 Fund returns before taxes 76 2009-09-30 237 -0.0475 0.0340 0.0181 918 411 0.0235 0.0748 0.0987 0.0014 -0.0414 0.0060 2010-12-31 0.1354 0.0450 0.0297 The fund's year-to-date total return 0.0987 0.0360 0.0461 0.0074 0.0472 0.0391 0000723765 ck0000723765:SummaryS000000082Memberck0000723765:S000000082Memberck0000723765:C000000119Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000082Memberck0000723765:S000000082Memberrr:AfterTaxesOnDistributionsMemberck0000723765:C000000119Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000082Memberck0000723765:S000000082Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000723765:C000000119Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000082Memberck0000723765:S000000082Memberck0000723765:RRINDEX00001Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000082Memberck0000723765:S000000082Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000084Memberck0000723765:S000000084Memberck0000723765:C000000121Member 2012-10-01 2012-10-01 0000723765 ck0000723765:SummaryS000000084Memberck0000723765:S000000084Member 2012-10-01 2012-10-01 0000723765 2012-10-01 2012-10-01 pure iso4217:USD Other expense includes interest expense associated with the fund's investment in inverse floaters. Not shown in the table is the additional income generated by these investments which was approximately the same as the interest expense.