485BPOS 1 final.htm REGISTRATION STATEMENT Empire Innovations -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange    Registration No. 333-115515 
Commission on December 29, 2008    Registration No. 811-07935 

UNITED STATES         
SECURITIES AND EXCHANGE COMMISSION     
WASHINGTON, D.C. 20549         
 
FORM N-4         
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933         
                     Pre-Effective Amendment No.    [    ] 
                     Post-Effective Amendment No. 14    [ X ] 
and/or         

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment No.        [ X ] 
 
    SEPARATE ACCOUNT NY-B     
    (Exact Name of Registrant)     

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK 
(Name of Depositor)
1000 Woodbury Road, Suite 208
Woodbury, NY 11797
(800) 963-9539
(Address and Telephone Number of Depositor’s Principal Offices) 
 
John S. (Scott) Kreighbaum, Esq.
ReliaStar Life Insurance Company of New York
1475 Dunwoody Drive
West Chester, PA 19380
(610) 425-3404
(Name and Address of Agent for Service of Process)

Approximate Date of Proposed Public Offering:
As soon as practical after the effective date of the Registration Statement

It is proposed that this filing will become effective (check appropriate box): 
                 [    ]    immediately upon filing pursuant to paragraph (b) of Rule 485 
                 [ X ]    on December 31, 2008 pursuant to paragraph (b) of Rule 485 
                 [    ]    60 days after filing pursuant to paragraph (a)(1) of Rule 485 
                 [    ]    on (date) pursuant to paragraph (a)(1) of Rule 485 

If appropriate, check the following box: 
               [ ]    this post-effective amendment designates a new effective date for a 
    previously filed post-effective amendment. 

  Title of Securities Being Registered:
Deferred Combination Variable and Fixed Annuity Contracts

EXPLANATORY NOTE: Each of the Prospectus and Statement of Additional Information, dated April
28, 2008 and as supplemented, is incorporated into Parts A and B, respectively, of this amendment by
reference to Post-Effective Amendment No. 13 to this Registration Statement, as filed on April 9, 2008
(Accession No. 0000836687-08-000168). This amendment further supplements the prospectus and does
not otherwise delete, amend or supersede any other information in this registration statement, as
previously amended, including exhibits and undertakings.

SUPPLEMENT Dated December 31, 2008
To The Prospectuses Dated April 28, 2008 For

ING Empire Innovations
ING Empire Traditions
ING Architect New York

Variable Annuity Contracts Issued By ReliaStar Life Insurance Company of New York
Through Its Separate Account NY-B

  This supplement updates the prospectus with fund changes and changes to the MGIB and ING LifePay
Plus riders, effective February 2, 2009. Please read it carefully and keep it with your copy of the
prospectus for future reference. If you have any questions, please call our Customer Contact Center at
1-800-366-0066.

The following investment portfolios are now available under your Contract, with more information about them
hereby added to “Appendix A – The Investment Portfolios” (and their names hereby added to the list of available
investment portfolios toward the front of the prospectus).

Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Investors Trust   
       7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING American Funds World Allocation Portfolio  Seeks long-term growth of capital. 
     Investment Adviser: Directed Services LLC   
ING Evergreen Omega Portfolio (Class S)  Seeks long-term capital growth. 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: Evergreen Investment   
     Management Company, LLC   
ING Lifestyle Conservative Portfolio (Class S)  Seeks growth of capital and current income. 
     Investment Adviser: ING Investments, LLC   
     Asset Allocation Consultants: Ibbotson Associates and   
     ING Investment Management Co.   
ING Oppenheimer Active Asset Allocation Portfolio  Seeks long-term growth of capital with a secondary objective of 
     (Class S)  current income. 
     Investment Adviser: Directed Services LLC   
     Investment Subadviser: OppenheimerFunds, Inc.   

ING Van Kampen Global Tactical Asset Allocation  Seeks capital appreciation over time. 
     Portfolio (Class S)   

Investment Adviser: Directed Services LLC 
Investment Subadviser: Van Kampen 

152556    Page 1 of 9 

Fund Name and   
Investment Adviser/Subadviser  Investment Objective 
ING Variable Portfolios, Inc.   
       7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258   
ING Global Equity Option Portfolio (Class S)  Seeks long-term growth of capital. 
     Investment Adviser: ING Investments, LLC   
     Investment Subadviser: ING Investment Management   
     Co.   
ING Russell™ Global Large Cap Index 85% Portfolio  Seeks to maximize total return over the long term by allocating 
     (Class S)  its assets among stock, bonds, short-term instruments and other 
  investments. 
     Investment Adviser: ING Investments, LLC   
     Investment Subadviser: ING Investment Management   
     Co.   

Each of these investment portfolios is a Covered Fund for purposes of determining your Contract’s death benefit and
the value of your benefits under any living benefit rider.

Under “Fees and Expenses – Optional Living Benefit Rider Charges” (“Fees and Expenses – Optional Rider
Charges” in the prospectus for ING Architect New York), please replace the tables of charges for the ING LifePay
Plus and ING Joint LifePay Plus riders with the following (with all references to the charges in the prospectus
updated accordingly):

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit rider4 : 
 Maximum Annual Charge  Current Annual Charge 
  (Charge Deducted Quarterly) 
 2.00% of the ING LifePay Plus Base  0.70% of the ING LifePay Plus Base 

   The ING LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is elected 
   contract issue. The ING LifePay Plus Base is calculated based on contract value, excluding any premium credits 
   applied during the preceding 36 months, if this rider is added after contract issue. The current annual charge is 
   0.60% if this rider was purchased before February 2, 2009. The current annual charge can change upon a reset after 
   your first five contract years. But you will never pay more than new issues of this rider, subject to the maximum 
   annual charge. Please see “Charges and Fees – Optional Rider Charges – ING LifePay Plus Minimum Guaranteed 
   Withdrawal Benefit (ING LifePay Plus) Rider Charge” and “Living Benefit Riders – ING LifePay Plus Minimum 
   Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider” later in this prospectus. 
 
ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit rider5 : 

Maximum Annual Charge  Current Annual Charge 
  (Charge Deducted Quarterly) 
2.50% of the ING Joint LifePay Plus Base  0.90% of the ING Joint LifePay Plus Base 

5          The ING Joint LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is 
         elected at contract issue. The Joint ING LifePay Plus Base is calculated based on contract value, excluding any 
         premium credits applied during the preceding 36 months, if this rider is added after contract issue. The current 
         annual charge is 0.80% if this rider was purchased before February 2, 2009. The current annual charge can change 
         upon a reset after your first five contract years. But you will never pay more than new issues of this rider, subject to 
         the maximum annual charge. Please see “Charges and Fees – Optional Rider Charges – ING Joint LifePay Plus 
         Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus) Rider Charge” and “Living Benefits Riders – 
         ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider” later in this 
         prospectus. 

152556    Page 2 of 9 

Under “Charges and Fees – Charges Deducted from the Subaccounts – Optional Rider Charges,” please replace the
paragraphs, as well as the tables of charges, in their entirety with the following:

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING LifePay Plus) Rider
Charge. The charge for the ING LifePay Plus rider, a living benefit, is deducted quarterly from your
contract value:

Maximum Annual Charge  Current Annual Charge 
2.00%  0.70% 

  The current annual charge is 0.60% if you purchased this rider before February 2, 2009. The charge is a
percentage of the ING LifePay Plus Base, which we deduct in arrears on each quarterly anniversary date.
In arrears means the first charge is deducted at the end of the first quarter following the rider effective date.
If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the rider is
added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly
anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-rated
when your rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit
Status. (No charge is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime Automatic
Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are met. The
current charge can change upon a reset after your first five contract years. You will never pay more than
new issues of this rider, subject to the maximum annual charge. For more information about how this rider
works, please see “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit
(“ING LifePay Plus”) Rider.”

ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus)
Rider Charge. The charge for the ING Joint LifePay Plus rider, a living benefit, is deducted quarterly
from your contract value:

Maximum Annual Charge  Current Annual Charge 
2.50%  0.90% 

  The current annual charge is 0.80% if you purchased this rider before February 2, 2009. The charge is a
percentage of the ING Joint LifePay Plus Base, which we deduct in arrears on each quarterly anniversary
date. In arrears means the first charge is deducted at the end of the first quarter following the rider effective
date. If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the
rider is added after contract issue, the rider effective date will be the date of the Contract’s next following
quarterly anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-
rated when your rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic
Benefit Status. (No charge is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime
Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are
met. The current charge can change upon a reset after your first five contract years. You will never pay
more than new issues of this rider, subject to the maximum annual charge. For more information about
how this rider works, please see “Living Benefit Riders - ING Joint LifePay Plus Minimum Guaranteed
Withdrawal Benefit (“ING Joint LifePay Plus”) Rider.”

Under “Living Benefit Riders – Minimum Guaranteed Income Benefit Rider (the “MGIB rider”) – Determining the
MGIB Annuity Income,” please replace “(b) Calculation of MGIB Ratchet Benefit Base” in its entirety with the
following:

(b)  Calculation of MGIB Ratchet Benefit Base 
 
   The MGIB Ratchet Base for Covered Funds and Special Funds equals: 
   ·  on the rider date, eligible premiums (including any related premium credits) or the 
    contract value (if the rider is added after the contract date) allocated to Covered 
    Funds and Special Funds; 

152556    Page 3 of 9 

·   on each contract anniversary prior to attainment of age 90, the MGIB Ratchet Base 
   for Covered Funds and Special Funds is set equal to the greater of: 
 
  1)  the current contract value allocated to Covered Funds and Special Funds (after 
    any deductions occurring on that date); and 
 
  2)  the MGIB Ratchet Base for Covered Funds and Special Funds from the prior 
    quarterly anniversary date, adjusted for any new eligible premiums (including 
    any related premium credits), and withdrawals attributable to Covered Funds or 
    Special Funds, and transfers. 
 
    For Contracts with the MGIB rider purchased before February 2, 2009, the 
    MGIB Ratchet Base for Covered and Special Funds is recalculated on each 
    “quarterly anniversary date” prior to attainment of age 90. A “quarterly 
    anniversary date” is the date three months from the contract date that falls on the 
    same date in the month as the contract date. For example, if the contract date is 
    February 12, the quarterly anniversary date is May 12. If there is no 
    corresponding date in the month, the quarterly anniversary date will be the last 
    date of the month. 
 
    Whenever the date falls on a weekend or holiday, we will use the value as of the 
    subsequent business day. 
 
·   at other times, the MGIB Ratchet Base for Covered Funds and Special Funds is the 
   MGIB Ratchet Base from the prior contract anniversary (quarterly anniversary date 
   for Contracts with the MGIB rider purchased before February 2, 2009), adjusted for 
   subsequent eligible premiums (including any related premium credits), and 
   withdrawals attributable to Covered Funds or Special Funds, and transfers. 
 
Withdrawals reduce the MGIB Ratchet Base on a pro-rata basis. The percentage 
reduction in the MGIB Ratchet Base for each fund category (i.e., Covered Funds and 
Special Funds) equals the percentage reduction in contract value in that fund category 
resulting from the withdrawal. This means that the MGIB Ratchet Base for Covered 
Funds and Special Funds is reduced for withdrawals by the same proportion that the 
withdrawal reduces the contract value allocated to Covered Funds and Special Funds. 
For example, if the contract value in Covered Funds is reduced by 25% as the result of a 
withdrawal (including surrender charge), the MGIB Ratchet Base allocated to Covered 
Funds is also reduced by 25% (rather than the amount of the withdrawal). 

Under “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”)
Rider – How the ING LifePay Plus Rider Works,” please replace the sixth, seventh and eighth paragraphs in their
entirety with the following:

  During the Growth Phase, the ING LifePay Plus Base is increased dollar-for-dollar by any premiums
received, excluding any applicable premium credits (“eligible premiums”). In addition, on each contract
anniversary, the ING LifePay Plus Base is recalculated as the greater of:

·    The current ING LifePay Plus Base; or 
·    The current Contract value (excluding any premium credits applied during the 36 months 
    preceding the calculation). This is referred to as the annual “ratchet.” 

  If this rider was purchased before February 2, 2009, the ING LifePay Plus Base is recalculated on each
quarterly contract anniversary (once each quarter of a contract year from the contract date). This is referred
to as a quarterly “ratchet.”

152556    Page 4 of 9 

Also, on each of the first ten contract anniversaries ONLY after the Annuitant has reached age 59 ½, the 
ING LifePay Plus Base is recalculated as the greatest of: 
 
     ·    The current ING LifePay Plus Base; or 
                   ·    The current Contract value (excluding any premium credits applied during the 36 months 
    preceding the calculation); and 
                   ·    The ING LifePay Plus Base on the previous contract anniversary, increased by 6%, plus any 
    eligible premiums and minus any third-party investment advisory fees paid from your contract 
    during the year. This is referred to as an annual “step-up.” (Any premium credits applied are 
    excluded from the eligible premiums with a step-up.) If this rider was purchased before 
    February 2, 2009, the annual step-up is 7%. 

  Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to
which this rider is attached (a post Contract issuance election), the first opportunity for a step-up will not be
until the first contract anniversary after a full contract year has elapsed since the rider date, SO LONG AS
the Annuitant is at least age 59 ½.

  Under “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint
LifePay Plus”) Rider – How the ING Joint LifePay Plus Rider Works,” please replace the sixth, seventh and eighth
paragraphs in their entirety with the following:

  During the Growth Phase, the ING Joint LifePay Plus Base is increased dollar-for-dollar by any premiums
received, excluding any applicable premium credits (“eligible premiums”). In addition, on each contract
anniversary, the ING Joint LifePay Plus Base is recalculated as the greater of:

·    The current ING Joint LifePay Plus Base; or 
·    The current Contract value (excluding any premium credits applied during the 36 months 
    preceding the calculation). This is referred to as the annual “ratchet.” 

  If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base is recalculated on
each quarterly contract anniversary (once each quarter of a contract year from the contract date). This is
referred to as a quarterly “ratchet.”

Also, on each of the first ten contract anniversaries ONLY after the Annuitant has reached age 59 ½, the
ING Joint LifePay Plus Base is recalculated as the greatest of:

·    The current ING Joint LifePay Plus Base; or 
·    The current Contract value (excluding any premium credits applied during the 36 months 
    preceding the calculation); and 
·    The ING Joint LifePay Plus Base on the previous contract anniversary, increased by 6%, plus 
    any eligible premiums and minus any third-party investment advisory fees paid from your 
    contract during the year. This is referred to as an annual “step-up.” (Any premium credits 
    applied are excluded from the eligible premiums with a step-up.) If this rider was purchased 
    before February 2, 2009, the annual step-up is 7%. 

  Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to
which this rider is attached (a post Contract issuance election), the first opportunity for a step-up will not be
until the first contract anniversary after a full contract year has elapsed since the rider date, SO LONG AS
the Annuitant is at least age 59 ½.

  Under “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”)
Rider – How the ING LifePay Plus Rider Works,” please replace the last paragraph in its entirety with the
following:

  Currently, any additional premiums paid (excluding any applicable premium credits) during the
Withdrawal Phase are eligible premiums for purposes of determining the ING LifePay Plus Base and the
Maximum Annual Withdrawal. If this rider was purchased before February 2, 2009, any additional
premiums paid during the Withdrawal Phase are not eligible premiums, but do increase the Contract value

152556    Page 5 of 9 

  used to determine the reset Maximum Annual Withdrawal under the benefit reset feature of the ING
LifePay Plus rider (see “ING LifePay Plus Reset,” below). We reserve the right to discontinue allowing
premium payments during the Withdrawal Phase.

  Under “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint
LifePay Plus”) Rider – How the ING Joint LifePay Plus Rider Works,” please replace the last paragraph in its
entirety with the following:

Currently, any additional premiums paid (excluding any applicable premium credits) during the Withdrawal Phase
are eligible premiums for purposes of determining the ING Joint LifePay Plus Base and the Maximum Annual
Withdrawal. If this rider was purchased before February 2, 2009, any additional premiums paid during the
Withdrawal Phase are not eligible premiums, but do increase the Contract value used to determine the reset
Maximum Annual Withdrawal under the benefit reset feature of the ING Joint LifePay Plus rider (see “ING Joint
LifePay Plus Reset,” below). We reserve the right to discontinue allowing premium payments during the
Withdrawal Phase.

Under “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”)
Rider – Lifetime Guaranteed Withdrawal Status – Determination of the Maximum Annual Withdrawal,” please
replace the first paragraph, as well as the table and its footnote, in their entirety with the following:

  Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is
determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the
Contract value and 2) the ING LifePay Plus Base as of the last day of the Growth Phase. The first
withdrawal after the effective date of the rider (which causes the end of the Growth Phase) is treated as
occurring on the first day of the Withdrawal Phase, after calculation of the Maximum Annual
Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the annuitant on
the date the Withdrawal Phase begins, is as follows:

  Maximum Annual 
Annuitant Age  Withdrawal Percentage 
0-64*  4%* 
65-75  5% 
76-80  6% 
81+  7% 

  *If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant
reaches age 59-1/2, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce
the ING LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal
Benefit.” Then, on the quarterly contract anniversary on or after the annuitant reaches age 59 ½, the
ING LifePay Plus Base will automatically be reset to the current Contract value (excluding any
premium credits applied during the preceding 36 months), if greater, and the Maximum Annual
Withdrawal will be recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:

  Maximum Annual 
Annuitant Age  Withdrawal Percentage 
0-75*  5%* 
76-80  6% 
81+  7% 

  *If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant
reaches age 59-1/2, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce
the ING LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal
Benefit.” Then, on the quarterly contract anniversary on or after the annuitant reaches age 59 ½, the
ING LifePay Plus Base will automatically be reset to the current Contract value (excluding any

152556    Page 6 of 9 

  premium credits applied during the preceding 36 months), if greater, and the Maximum Annual
Withdrawal will be recalculated.

Under “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint
LifePay Plus”) Rider – Lifetime Guaranteed Withdrawal Status – Determination of the Maximum Annual
Withdrawal,” please replace the first paragraph, as well as the table and its footnote, in their entirety with the
following:

  Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is
determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the
Contract value and 2) the ING Joint LifePay Plus Base as of the last day of the Growth Phase. The first
withdrawal after the effective date of the rider (which causes the end of the Growth Phase) is treated as
occurring on the first day of the Withdrawal Phase, after calculation of the Maximum Annual
Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the youngest
active spouse on the date the Withdrawal Phase begins, is as follows:

Youngest Active  Maximum Annual 
Spouse’s Age  Withdrawal Percentage 
0-64*  4%* 
65-75  5% 
76-80  6% 
81+  7% 

*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the younger 
spouse reaches age 65, withdrawals in a contract year up to 4% will reduce the ING Joint LifePay Plus 
Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the 

  quarterly contract anniversary on or after the younger spouse reaches age 65, the ING Joint LifePay
Plus Base will automatically be reset to the current Contract value (excluding any premium credits
applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be
recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:

Youngest Active  Maximum Annual 
Spouse’s Age  Withdrawal Percentage 
0-75*  5%* 
76-80  6% 
81+  7% 

  *If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant
reaches age 59-1/2, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce
the ING Joint LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal
Benefit.” Then, on the quarterly contract anniversary on or after the annuitant reaches age 59 ½, the
ING Joint LifePay Plus Base will automatically be reset to the current Contract value (excluding any
premium credits applied during the preceding 36 months), if greater, and the Maximum Annual
Withdrawal will be recalculated.

  Under “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”)
Rider – Lifetime Guaranteed Withdrawal Status – ING LifePay Plus Reset,” please replace both paragraphs in their
entirety with the following:

  ING LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the
Maximum Annual Withdrawal has been determined, on each contract anniversary we will increase (or
“reset”) the ING LifePay Plus Base to the current Contract value (excluding any premium credits
applied during the 36 months preceding the calculation), if the Contract value is higher. The Maximum
Annual Withdrawal will also be recalculated, and the remaining portion of the new Maximum Annual

152556    Page 7 of 9 

  Withdrawal will be available for withdrawal immediately. This reset ONLY occurs when the rider is in
Lifetime Guaranteed Withdrawal Status, and is automatic.

If this rider was purchased before February 2, 2009, the ING LifePay Plus Base and Maximum Annual
Withdrawal is reset on each quarterly contract anniversary.

We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior
notice, of not less than 30 days, which explains the change, its impact to you and your options. You
may decline this change (and the reset). Please note, however, that by declining a reset, your ING
LifePay Plus Base will not thereafter be reset annually (or quarterly, as applicable), and the Maximum
Annual Withdrawal will also not be recalculated; no further resets will be available.

Under “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint
LifePay Plus”) Rider – Lifetime Guaranteed Withdrawal Status – ING Joint LifePay Plus Reset,” please replace both
paragraphs in their entirety with the following:

  ING Joint LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the
Maximum Annual Withdrawal has been determined, on each contract anniversary we will increase (or
“reset”) the ING Joint LifePay Plus Base to the current Contract value (excluding any premium credits
applied during the 36 months preceding the calculation), if the Contract value is higher. The Maximum
Annual Withdrawal will also be recalculated, and the remaining portion of the new Maximum Annual
Withdrawal will be available for withdrawal immediately. This reset ONLY occurs when the rider is in
Lifetime Guaranteed Withdrawal Status, and is automatic.

If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base and Maximum
Annual Withdrawal is reset on each quarterly contract anniversary.

We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior
notice, of not less than 30 days, which explains the change, its impact to you and your options. You
may decline this change (and the reset). Please note, however, that by declining a reset, your ING Joint
LifePay Plus Base will not thereafter be reset annually (or quarterly, as applicable), and the Maximum
Annual Withdrawal will also not be recalculated; no further resets will be available.

Under “Living Benefit Riders – for both ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING
LifePay Plus”) Rider and ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay
Plus”) Rider – Investment Option Restrictions,” please replace the introductory paragraph, as well as the paragraph
pertaining to the list of Accepted Funds, in their entirety with the following:

  Investment Option Restrictions. While this rider is in effect, there are limits on the portfolios to which
your Contract value may be allocated. Contract value allocated to portfolios other than Accepted Funds
will be rebalanced so as to maintain at least a specified percentage of such Contract value in the Fixed
Allocation Funds, which percentage depends on the rider’s purchase date:

Rider Purchase Date  Fixed Allocation Fund Percentage 
Currently  30% 
Before February 2, 2009  20% 

  See “Fixed Allocation Funds Automatic Rebalancing,” below for more information. We have these
investment option restrictions to lessen the likelihood we would have to make payments under this rider.
We require this allocation regardless of your investment instructions to the Contract. The rider will not be
issued until your Contract value is allocated in accordance with these investment option restrictions. The
timing of when and how we apply these investment option restrictions is discussed further below.

152556    Page 8 of 9 

  Accepted Funds. Currently, the Accepted Funds are:

 BlackRock Global Allocation V.I. Portfolio  ING Liquid Assets Portfolio 
 ING American Funds Asset Allocation Portfolio  ING MFS Total Return Portfolio 
 ING American Funds World Allocation Portfolio  ING Oppenheimer Active Asset Allocation 
    Portfolio 
 ING LifeStyle Conservative Portfolio  ING Russell Global Large Cap Index 85% 
    Portfolio 
 ING LifeStyle Growth Portfolio  ING T. Rowe Price Capital Appreciation Portfolio 
 ING LifeStyle Moderate Growth Portfolio  ING Van Kampen Global Tactical Asset Allocation 
    Portfolio 
 ING LifeStyle Moderate Portfolio  ING Van Kampen Equity and Income Portfolio 
 
If this rider was purchased before February 2, 2008, the following are additional Accepted Funds: 
 
·  ING Franklin Templeton Founding Strategy Portfolio; 
·  ING WisdomTreeSM Global High-Yielding Equity Index Portfolio; and 

  No rebalancing is necessary when Contract value is allocated entirely to Accepted Funds. We may change
these designations at any time upon 30 days notice to you. If a change is made, the change will apply to
Contract value allocated to such portfolios after the date of the change.

Under “Living Benefit Riders – for both ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING
LifePay Plus”) Rider and ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay
Plus”) Rider – Investment Option Restrictions – Fixed Allocation Funds Automatic Rebalancing,” please replace the
first sentence of the first paragraph with the following:

  Fixed Allocation Funds Automatic Rebalancing. If the Contract value in the Fixed Allocation Funds is
less than the specified percentage noted above of the total Contract value allocated among the Fixed
Allocation Funds and Other Funds on any of the below Rebalancing Dates, we will automatically rebalance
the Contract value allocated to the Fixed Allocation Funds and Other Funds so that the specified percentage
of this amount is allocated to the Fixed Allocation Funds. The specified percentage depends on the rider’s
purchase date.

152556    Page 9 of 9 

PART C -- OTHER INFORMATION

  ITEM 24: FINANCIAL STATEMENTS AND EXHIBITS

Financial Statements: 
             (a)(1)    Included in Part A: 
    Condensed Financial Information 
(2)    Included in Part B: 
    Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York: 
                             -           Report of Independent Registered Public Accounting Firm 
                             -           Balance Sheets – Statutory Basis as of December 31, 2007 and 2006 
                             -           Statements of Operations - Statutory Basis for the years ended December 31, 2007, 
           2006 and 2005 
                             -           Statements of Changes in Capital and Surplus - Statutory Basis for the years ended 
           December 31, 2007, 2006 and 2005 
                             -           Statements of Cash Flows - Statutory Basis for the years ended December 31, 2007, 
           2006 and 2005 
                             -           Notes to Financial Statements – Statutory Basis 
    Financial Statements of Separate Account NY-B: 
                             -           Report of Independent Registered Public Accounting Firm 
                             -           Statements of Assets and Liabilities as of December 31, 2007 
                             -           Statements of Operations for the year ended December 31, 2007 
                             -           Statements of Changes in Net Assets for the years ended December 31, 2007 and 2006 
                             -           Notes to Financial Statements 

   Exhibits:     
(b)         
 (1)        Resolution of the board of directors of ReliaStar Life Insurance Company of New York 
        authorizing the establishment of the Registrant, incorporated herein by reference to the 
        initial filing of a registration statement on Form N-4 for Separate Account NY-B filed with 
        the Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811- 
        07935). 
 
 (2)        Custodial Agreement between Registrant and the Bank of New York, incorporated herein by 
        reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
        Insurance Company of New York Separate Account NY-B filed with the Securities and 
        Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
 (3)    (a)    Distribution Agreement between the Depositor and Directed Services, Inc., incorporated 
        herein by reference to the initial filing of a registration statement on Form N-4 for ReliaStar 
        Life Insurance Company of New York Separate Account NY-B filed with the Securities and 
        Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 

(b)    Dealers Agreement, incorporated herein by reference to the initial filing of a registration 
    statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on April 5, 2002 (File 
    Nos. 333-85618, 811-07935). 
 
(c)    Form of Rule 22c-2 Agreement, incorporated herein by reference to Post-Effective 
    Amendment No. 10 to a Registration Statement on Form N-4 for ReliaStar Life Insurance 

        Company of New York Separate Account NY-B filed with the Securities and Exchange 
        Commission on April 12, 2007 (File Nos. 333-115515, 811-07935). 
 
(4)    (a)    Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (RLNY-IA- 
        2027), incorporated herein by reference to Post-Effective Amendment No. 11 to a 
        Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York 
        Separate Account NY-B filed with the Securities and Exchange Commission on August 28, 
        2007 (File Nos. 333-115515, 811-07935). 
 
    (b)    Premium Credit Rider (RLNY-RA-1089), incorporated herein by reference to Pre-Effective 
        Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life Insurance 
        Company of New York Separate Account NY-B filed with the Securities and Exchange 
        Commission on November 18, 2002 (File Nos. 333-85618, 811-07935). 
 
    (c)    Premium Credit Disclosure (RLNY-DS-1093), incorporated herein by reference to Pre- 
        Effective Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life 
        Insurance Company of New York Separate Account NY-B filed with the Securities and 
        Exchange Commission on November 18, 2002 (File Nos. 333-85618, 811-07935). 
 
    (d)    403(b) Rider (RLNY-RA-1036), incorporated herein by reference to Post-Effective 
        Amendment No. 1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance 
        Company of New York Separate Account NY-B filed with the Securities and Exchange 
        Commission on April 17, 2003 (File Nos. 333-85618, 811-07935). 
 
    (e)    Earnings Enhancement Death Benefit Rider (RLNY-RA-1086), incorporated herein by 
        reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
        Insurance Company of New York Separate Account NY-B filed with the Securities and 
        Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
    (f)    Simple Individual Retirement Annuity Rider (Group) (RLNY-RA-1026)(12/02)(CA), 
        incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration 
        Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
        Account NY-B filed with the Securities and Exchange Commission on April 17, 2003 (File 
        Nos. 333-85618, 811-07935). 
 
    (g)    Simple Individual Retirement Annuity Rider (RLNY-RA-1026)(12/02)(IA), incorporated 
        herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
        Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
        filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
        85618, 811-07935). 
 
    (h)    Roth Individual Retirement Annuity Rider (Group) (RLNY-RA-1038)(12/02)(CA), 
        incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration 
        Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
        Account NY-B filed with the Securities and Exchange Commission on April 17, 2003 (File 
        Nos. 333-85618, 811-07935). 
 
    (i)    Roth Individual Retirement Annuity Rider (RLNY-RA-1038)(12/02)(IA), incorporated 
        herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
        Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
        filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
        85618, 811-07935). 

(j)    Individual Retirement Annuity Rider (Group) (RLNY-RA-1009)(12/02)(CA), incorporated 
    herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on 
    Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
    filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333- 
    85618, 811-07935). 
 
(k)    Section 72 Rider (Group) (FG-RA-1002-08/97), incorporated herein by reference to the 
    initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company 
    of New York Separate Account NY-B filed with the Securities and Exchange Commission 
    on April 1, 2002 (File Nos. 333-85326, 811-07935). 
 
(l)    Section 72 Rider (Individual) (FG-RA-1001-08/95), incorporated herein by reference to the 
    initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company 
    of New York Separate Account NY-B filed with the Securities and Exchange Commission 
    on April 1, 2002 (File Nos. 333-85326, 811-07935). 
 
(m)    Individual Retirement Annuity Rider (RLNY-RA-1009)(12/02)(IA), incorporated herein by 
    reference to Post-Effective Amendment No. 1 to a Registration Statement on Form N-4 for 
    ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
    Securities and Exchange Commission on April 17, 2003 (File Nos. 333-85618, 811-07935). 
 
(n)    Minimum Guaranteed Accumulation Benefit Rider (RLNY-RA-2024), incorporated herein 
    by reference to Pre-Effective Amendment No. 1 to a Registration Statement on Form N-4 
    for ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
    Securities and Exchange Commission on September 20, 2004 (File Nos. 333-115515, 811- 
    07935). 
 
(o)    Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-2026), 
    incorporated herein by reference to Pre-Effective Amendment No. 1 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on September 20, 2004 
    (File Nos. 333-115515, 811-07935). 
 
(p)    Minimum Guaranteed Income Benefit Rider (RLNY-RA-2025) (04/05), incorporated herein 
    by reference to Post-Effective Amendment No. 5 to a Registration Statement on Form N-4 
    for ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
    Securities and Exchange Commission on April 20, 2005 (File Nos. 333-115515, 811- 
    07935). 
 
(q)    Minimum Guaranteed Income Benefit Rider (RLNY-RA-2025) (10/06), incorporated herein 
    by reference to Post-Effective Amendment No. 19 to a Registration Statement on Form N-4 
    for ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the 
    Securities and Exchange Commission on June 4, 2007 (File Nos. 333-85618, 811-07935). 
 
(r)    Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3023), 
    incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File 
    Nos. 333-85618, 811-07935). 
 
(s)    Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3029), 

    incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File 
    Nos. 333-85618, 811-07935). 
 
(t)    Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING LifePay Plus), 
    incorporated herein by reference to Post-Effective Amendment No. 12 to a Registration 
    Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate 
    Account NY-B filed with the Securities and Exchange Commission on December 12, 2007 
    (File Nos. 333-115515, 811-07935). 
 
(u)    Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING Joint LifePay 
    Plus), incorporated herein by reference to Post-Effective Amendment No. 12 to a 
    Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York 
    Separate Account NY-B filed with the Securities and Exchange Commission on December 
    12, 2007 (File Nos. 333-115515, 811-07935). 

(5)    (a)  ReliaStar Life Insurance Company of New York Customer Data Form (RLNY-CDF-2030) 
      (8/30/2004) (132289), incorporated herein by reference to Pre-Effective Amendment No. 1 
      to a Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New 
      York Separate Account NY-B filed with the Securities and Exchange Commission on May 
      27, 2004 (File Nos. 333-115515, 811-07935). 
 
    (b)  New York Variable Annuity Application (RLNY-AA-2031) (08/07) (140326), incorporated 
      herein by reference to Post-Effective Amendment No. 23 to a Registration Statement on 
      Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
      filed with the Securities and Exchange Commission on August 28, 2007 (File Nos. 333- 
      85618, 811-07935). 
 
    (c)  New York Variable Annuity Application (RLNY-AA-2031) (04/08) (140326), incorporated 
      herein by reference to Post-Effective Amendment No. 13 to a Registration Statement on 
      Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
      filed with the Securities and Exchange Commission on April 9, 2008 (File Nos. 333- 
      115515, 811-07935). 
 
(6)    (a)  Articles of Incorporation of ReliaStar Life Insurance Company of New York, incorporated 
      herein by reference to the initial filing of a registration statement on Form S-6 filed with the 
      Securities and Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811-03427). 
 
    (b)  By-Laws of ReliaStar Life Insurance Company of New York, incorporated herein by 
      reference to the initial filing of a registration statement on Form S-6 with the Securities and 
                       Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811-03427).
 
    (c)  Resolution of board of directors for Powers of Attorney, incorporated herein by reference to 
      the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
      Company of New York Separate Account NY-B filed with the Securities and Exchange 
      Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 

(7)      Not applicable. 
 
(8)    (a)  Services Agreement effective November 8, 1996 between Directed Services, Inc. and First 
      Golden American Life Insurance Company of New York, incorporated herein by reference 

    to the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance 
    Company of New York Separate Account NY-B filed with the Securities and Exchange 
    Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
(b)    Administrative Services Agreement effective November 8, 1996 between First Golden 
    American Life Insurance Company of New York and Golden American Life Insurance 
    Company, incorporated herein by reference to the initial filing of a registration statement on 
    Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B 
    filed with the Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618, 
    811-07935). 
 
(c)    Asset Management Agreement effective March 30, 1998 between ReliaStar Life Insurance 
    Company of New York and ING Investment Management LLC, incorporated herein by 
    reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life 
    Insurance Company of New York Separate Account NY-B filed with the Securities and 
    Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935). 
 
(d)    Participation Agreement entered into as of the 2nd day of September, 2003, as amended and 
    restated on May 17, 2004 by and among ING USA Annuity and Life Insurance Company, 
    ReliaStar Life Insurance Company of New York, ING Investors Trust, ING Investments, 
    LLC, Directed Services, Inc., American Funds Insurance Series and Capital Research and 
    Management Company, incorporated herein by reference to Post-Effective Amendment No. 
    8 to Registration Statement on Form N-4 for ING USA Annuity and Life Insurance 
    Company Separate Account B filed with Securities and Exchange Commission on August 1, 
    2005 (File Nos. 333-70600, 811-05626). 
 
(e)    Amendment No. 1 to the Business Agreement dated April 30, 2003, as amended on January 
    1, 2008 by and among ING USA Annuity and Life Insurance Company, ReliaStar Life 
    Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of 
    Denver Insurance Company, ING Life Insurance and Annuity Company, ING American 
    Equities, Inc., ING Financial Advisers, LLC, Directed Services LLC, American Funds 
    Distributors and Capital Research and Management Company, incorporated herein by 
    reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement of 
    Security Life of Denver Insurance Company and its Security Life Separate Account L1, File 
    No. 333-153337, as filed on November 14, 2008. 
 
(f)    Fourth Amended and Restated Fund Participation Agreement entered into as of the 28th day 
    of April, 2008, as amended among ING USA Annuity and Life Insurance Company, 
    ReliaStar Life Insurance Company of New York, ING Investors Trust, Directed Services, 
    LLC, ING Funds Distributor, LLC, American Funds Insurance Series and Capital Research 
    and Management Company, attached. 
 
(g)    Participation Agreement entered into as of the 15th day of September, 2008, as amended 
    among ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance Company 
    of New York, ING Investors Trust, Directed Services, LLC, ING Funds Distributor, LLC, 
    American Funds Insurance Series and Capital Research and Management Company, 
    attached. 
 
(h)    Rule 22c-2 Agreement dated no later than April 16, 2007 is effective October 16, 2007 
    between ING Funds Services, LLC, ING Life Insurance and Annuity Company, ING 
    National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance 
    Company, ReliaStar Life Insurance Company of New York, Security Life of Denver 

    Insurance Company and Systematized Benefits Administrators Inc., incorporated by 
    reference to Post-Effective Amendment No. 50 to Registration Statement on Form N-4 (File 
    No. 033-75962), as filed on June 15, 2007. 
 
(i)    Form of Participation Agreement between ReliaStar Life Insurance Company of New York 
    and ING Variable Products Trust, incorporated herein by reference to the initial filing of a 
    registration statement on Form N-4 for ReliaStar Life Insurance Company of New York 
    Separate Account NY-B filed with the Securities and Exchange Commission on April 5, 
    2002 (File Nos. 333-85618, 811-07935). 
 
(j)    Form of Participation Agreement between ReliaStar Life Insurance Company of New York, 
    ProFunds and ProFund Advisors LLC incorporated herein by reference to the initial filing of 
    a registration statement on Form N-4 for ReliaStar Life Insurance Company of New York 
    Separate Account NY-B filed with the Securities and Exchange Commission on April 5, 
    2002 (File Nos. 333-85618, 811-07935). 
 
(k)    Amended and Restated Participation Agreement as of December 30, 2005 by and among 
    Franklin Templeton Variable Insurance Products Trust/Templeton Distributors, Inc., ING 
    Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company, 
    ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York and 
    Directed Services, Inc., incorporated herein by reference to Post-Effective Amendment No. 
    17 filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company of 
    New York Separate Account NY-B filed with the Securities and Exchange Commission on 
    February 1, 2007 (File Nos. 333-85618, 811-07935). 
 
(l)    Amendment to Participation Agreement as of June 5, 2007 by and between Franklin 
    Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., ING 
    Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company, 
    ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, and 
    Directed Services, LLC, incorporated herein by reference to Pre-Effective Amendment No. 
    1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New 
    York Separate Account NY-B filed with the Securities and Exchange Commission on July 
    6, 2007 (File Nos. 333-139695, 811-07935). 
 
(m)    Letter Agreement dated May 16, 2007 between ReliaStar Life Insurance Company of New 
    York, Fidelity Distributors Corporation, Variable Insurance Products Fund, Variable 
    Insurance Products Fund II and Variable Insurance Products Fund V, incorporated herein by 
    reference to Pre-Effective Amendment No. 2 to the Registration Statement on Form N-4 
    (File No. 333-139695), as filed on September 5, 2007. 
 
(n)    Rule 22c-2 Agreement dated no later than April 16, 2007 and is effective as of October 16, 
    2007 between Fidelity Distributors Corporation, ING Life Insurance and Annuity Company, 
    ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life 
    Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of 
    Denver Insurance Company and Systematized Benefits Administrators, Inc., incorporated 
    herein by reference to Post-Effective Amendment No. 50 to Registration Statement on Form 
    N-4 (File No. 033-75962), as filed on June 15, 2007. 
 
(o)    Rule 22c-2 Agreement dated no later than April 16, 2007, and is effective as of the 16th day 
    of October, 2007, between BlackRock Distributors, Inc., on behalf of and as distributor for 
    the BlackRock Funds and the Merrill Lynch family of funds and ING Life Insurance and 
    Annuity Company, ING National Trust, ING USA Annuity and Life Insurance Company, 

  ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, 
  Security Life of Denver Insurance Company and Systematized Benefits Administrators Inc. 
  incorporated by reference to Post-Effective Amendment No. 43 to a Registration Statement 
  on Form N-4 for ING USA Annuity and Life Insurance Company Separate Account B filed 
  with the Securities and Exchange Commission on April 7, 2008 (File Nos. 333-28755, 811- 
  05626). 
 
(9)  Opinion and Consent of Counsel, attached. 
 
(10)  Consent of Independent Registered Public Accounting Firm, attached. 
 
(11)  Not applicable. 
 
(12)  Not applicable. 
 
(13)  Powers of Attorney, attached. 

ITEM 25: DIRECTORS AND OFFICERS OF THE DEPOSITOR 
 
Name    Principal Business Address    Positions and Offices with Depositor 
 
Donald W. Britton*    5780 Powers Ferry Road    President, Chief Executive Officer, 
    Atlanta, GA 30327-4390    Chairman and Director 
 
David A. Wheat*    5780 Powers Ferry Road    Executive Vice President, Chief Financial 
    Atlanta, GA 30327-4390    Officer and Director 
 
William D. Bonneville    1000 Woodbury Road,    Executive Vice President and Chief 
    Suite 208    Administrative Officer 
    Woodbury, NY 11797     
 
James R. Gelder*    1250 Capital of Texas Hwy. S.    Director 
    Building 2, Suite 125     
    Austin, TX 78746     
 
Catherine H. Smith*    One Orange Way    Director 
    Windsor, CT 06095-4774     

Name    Principal Business Address    Positions and Offices with Depositor 
 
R. Michael Conley*    2910 Holly Lane    Director 
    Plymouth, MN 55447     
 
Carol V. Coleman*    1000 Woodbury Road    Director 
    Suite 208     
    Woodbury, NY 11797     
 
James F. Lille*    46 Hearthstone Drive    Director 
    Gansevoort, NY 12831     
 
Charles B. Updike*    60 East 42nd Street    Director 
    New York, NY 10165     
 
Ross M. Weale*    56 Cove Rd.    Director 
    South Salem, NY 10590     
 
Robert P. Browne*    5780 Powers Ferry Road    Director and Vice President, Investments 
    Atlanta, GA 30327-4390     
 
Howard L. Rosen*    1475 Dunwoody Drive    Director and Vice President and Appointed 
    West Chester, PA 19380-1478    Actuary 
 
Brian D. Comer*    One Orange Way    Director and Senior Vice President 
    Windsor, CT 06095-4774     
 
Ivan J. Gilreath*    20 Washington Avenue South    Director and Senior Vice President 
    Minneapolis, MN 55401     
 
Steven T. Pierson*    5780 Powers Ferry Road    Senior Vice President and Chief Accounting 
    Atlanta, GA 30327-4390    Officer 
 
Stephen J. Preston    1475 Dunwoody Drive    Senior Vice President 
    West Chester, PA 19380-1478     
 
Boyd G. Combs    5780 Powers Ferry Road    Senior Vice President, Tax 
    Atlanta, GA 30327-4390     
 
David S. Pendergrass    5780 Powers Ferry Road    Senior Vice President and Treasurer 
    Atlanta, GA 30327-4390     
 
Spencer T. Shell    5780 Powers Ferry Road    Vice President and Assistant Treasurer 
    Atlanta, GA 30327-4390     
 
Daniel P. Mulheran, Sr.    20 Washington Avenue South    Senior Vice President 
    Minneapolis, MN 55401     
 
Valerie G. Brown    1475 Dunwoody Drive    Senior Vice President 
    West Chester, PA 19380-1478     

Name    Principal Business Address    Positions and Offices with Depositor 
 
Michael L. Emerson    20 Washington Avenue South    CEO, ING Re 
    Minneapolis, MN 55401     
 
John F. Todd    One Orange Way    General Counsel 
    Windsor, CT 06095-4774     
 
Joy M. Benner    20 Washington Avenue South    Secretary 
    Minneapolis, MN 55401     

*Principal delegated legal authority to execute this registration statement pursuant to Powers of Attorney
Exhibit 13 attached.

ITEM 26:    PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE 
    DEPOSITOR OR REGISTRANT 

Incorporated herein by reference to Item 28 in Pre-Effective Amendment No. 1 to the Registration
Statement on Form N-6 for Security Life Separate Account L1 of Security Life of Denver Insurance
Company (File No. 333-153338), as filed with the Securities and Exchange Commission on November
14, 2008.

ITEM 27: NUMBER OF CONTRACT OWNERS

As of November 28, 2008 there are 1,622 qualified contract owners and 1,176 non-qualified contract
owners.

ITEM 28:

INDEMNIFICATION

ReliaStar Life Insurance Company of New York (“RLNY”) shall indemnify (including therein the
prepayment of expenses) any person who is or was a director, officer or employee, or who is or was
serving at the request of RLNY as a director, officer or employee of another corporation, partnership,
joint venture, trust or other enterprise for expenses (including attorney’s fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by him with respect to any threatened,
pending or completed action, suit or proceedings against him by reason of the fact that he is or was such a
director, officer or employee to the extent and in the manner permitted by law.

RLNY may also, to the extent permitted by law, indemnify any other person who is or was serving RLNY
in any capacity. The Board of Directors shall have the power and authority to determine who may be
indemnified under this paragraph and to what extent (not to exceed the extent provided in the above
paragraph) any such person may be indemnified.

A corporation may procure indemnification insurance on behalf of an individual who is or was a director
of the corporation. ING America Insurance Holdings, Inc. maintains a Professional Liability umbrella
insurance policy issued by an international insurer. The policy covers ING America Insurance Holdings,
Inc. and any company in which ING America Insurance Holdings, Inc. has a controlling interest of 50%
or more. This would encompass the principal underwriter as well as the depositor. Additionally, the
parent company of ING America Insurance Holdings, Inc., ING Groep N.V., maintains an excess
umbrella cover with limits in excess of $125,000,000. The policy provides for the following types of
coverage: errors and omissions/professional liability, directors and officers, employment practices,
fiduciary and fidelity.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be
permitted to directors, officers and controlling persons of the Registrant, as provided above or otherwise,
the Registrant has been advised that in the opinion of the SEC such indemnification by the Depositor is
against public policy, as expressed in the Securities Act of 1933, and therefore may be unenforceable. In
the event that a claim of such indemnification (except insofar as it provides for the payment by the
Depositor of expenses incurred or paid by a director, officer or controlling person in the successful
defense of any action, suit or proceeding) is asserted against the Depositor by such director, officer or
controlling person and the SEC is still of the same opinion, the Depositor or Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by the Depositor is against public
policy as expressed by the Securities Act of 1933 and will be governed by the final adjudication of such
issue.

ITEM 29: PRINCIPAL UNDERWRITER

(a) At present, Directed Services LLC, the Registrant’s Distributor, serves as principal underwriter
for all contracts issued by ING USA Annuity and Life Insurance Company (“ING USA”). Directed
Services LLC is the principal underwriter for Separate Account A, Separate Account B, Separate Account
EQ of ING USA, ReliaStar Life Insurance Company of New York Separate Account NY-B, Alger
Separate Account A of ING USA and the ING Investors Trust.

(b) The following information is furnished with respect to the principal officers and directors of
Directed Services LLC, the Registrant's Distributor. The principal business address for each officer and
director following is 1475 Dunwoody Drive, West Chester, PA 19380-1478, unless otherwise noted.

Name    Principal Business Address    Positions and Offices with Underwriter 
A. Bayard Closser        Director and President 
Shaun P. Mathews    10 State House Square    Director and Executive Vice President 
    Hartford, CT 06103     
Valerie G. Brown    1475 Dunwoody Drive    Director 
    West Chester, PA 19380-1478     
Richard E. Gelfand        Chief Financial Officer 
Kimberly A. Anderson    7337 E Doubletree Ranch Road,    Senior Vice President 
    Scottsdale, AZ 85258     
Michael J. Roland    7337 E Doubletree Ranch Road,    Senior Vice President 
    Scottsdale, AZ 85258     
Stanley D. Vyner    230 Park Avenue, 13th Floor    Senior Vice President 
    New York, NY 10169     
Beth G. Shanker    1290 Broadway    Broker Dealer Chief Compliance Officer 
    Denver, CO. 80203     
Ernest C’Debaca    7337 E Doubletree Ranch Road    Investment Advisor Chief Compliance 
    Scottsdale, AZ 85258    Officer and Senior Vice President 

 Name    Principal Business Address    Positions and Offices with Underwriter 
 
 Julius A. Drelick, III    7337 E Doubletree Ranch Road    Vice President     
    Scottsdale, AZ 85258                 
 
 William A. Evans    10 State House Square        Vice President     
    Hartford, CT 06103                 
 
 Todd R. Modic    7337 E Doubletree Ranch Road    Vice President     
    Scottsdale, AZ 85258                 
 
 David S. Pendergrass    7337 E Doubletree Ranch Road    Vice President and Treasurer 
    Scottsdale, AZ 85258                 
 
 Spencer T. Shell    5780 Powers Ferry Road    Vice President and Assistant Treasurer 
    Atlanta, GA 30327-4390             
 
 Joy M. Benner    20 Washington Avenue South    Secretary     
    Minneapolis, MN 55401             
 
 Diana R. Cavender    20 Washington Avenue South    Assistant Secretary     
    Minneapolis, MN 55401             
 
 Randall K. Price    20 Washington Avenue South    Assistant Secretary     
    Minneapolis, MN 55401             
 
 Susan M. Vega    20 Washington Avenue South    Assistant Secretary     
    Minneapolis, MN 55401             
 
 G. Stephen Wastek    7337 E Doubletree Ranch Road    Assistant Secretary     
    Scottsdale, AZ 85258                 
 
 Bruce Kuennen            Attorney-in-Fact     
 
(c)                     
    2007 Net                 
    Underwriting                 
Name of Principal    Discounts and    Compensation    Brokerage     
Underwriter    Commission    on Redemption    Commissions    Compensation 
   Directed Services LLC    $553,818,186    $0        $0    $0 
 
 ITEM 30: LOCATION OF ACCOUNTS AND RECORDS         

All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and
the rules under it relating to the securities described in and issued under this Registration Statement are
maintained by the Depositor and located at: ReliaStar Life Insurance Company of New York at 1000
Woodbury Road, Suite 208, Woodbury, NY 11797 and 1475 Dunwoody Drive, West Chester, PA 19380.

  ITEM 31: MANAGEMENT SERVICES

None.

ITEM 32:

UNDERTAKINGS

(a) Registrant hereby undertakes to file a post-effective amendment to this registration statement as
frequently as it is necessary to ensure that the audited financial statements in the registration statement are
never more that 16 months old so long as payments under the variable annuity contracts may be accepted.

(b) Registrant hereby undertakes to include either (1) as part of any application to purchase a contract
offered by the prospectus, a space that an applicant can check to request a Statement of Additional
Information, or (2) a post card or similar written communication affixed to or included in the prospectus
that the applicant can remove to send for a Statement of Additional Information; and,

(c) Registrant hereby undertakes to deliver any Statement of Additional Information and any financial
statements required to be made available under this Form promptly upon written or oral request.

(d) Registrant hereby undertakes to mail notices to current contract owners promptly after the happening
of significant events related to the guarantee issued by ReliaStar Life Insurance Company of New York
with respect to allocation of contract value to a series of the ING GET U.S. Core Portfolio (the
“Guarantee”). These significant events include (i) the termination of the Guarantee; (ii) a default under
the Guarantee that has a material adverse effect on a contract owner’s right to receive his or her
guaranteed amount on the maturity date; (iii) the insolvency of ReliaStar Life Insurance Company of New
York; or (iv) a reduction in the credit rating of ReliaStar Life Insurance Company of New York’s long-
term debt as issued by Standard & Poor’s or Moody’s Investors Service, Inc. to BBB+ or lower or Baa1
or lower, respectively.

During the Guarantee Period, the Registrant hereby undertakes to include in the Registrant’s prospectus,
an offer to supply the most recent annual and/or quarterly report of each of ReliaStar Life Insurance
Company of New York, or their successors to the Guarantee, free of charge, upon a contract owner’s
request.

REPRESENTATIONS

1.    The account meets definition of a “separate account” under federal securities laws. 
 
2.    ReliaStar Life Insurance Company of New York hereby represents that the fees and charges 
    deducted under the Contract, in the aggregate, are reasonable in relation to the services rendered, 
    the expenses expected to be incurred, and the risks assumed by ReliaStar Life Insurance 
    Company of New York. 

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant
certifies that it meets the requirement of Securities Act Rule 485(b) for effectiveness of this Post-
Effective Amendment to its Registration Statement on Form N-4 and has caused this Post-Effect
Amendment to be signed on its behalf in the City of West Chester and Commonwealth of Pennsylvania,
on the 29th day of December, 2008.

SEPARATE ACCOUNT NY-B
(Registrant)

By:    RELIASTAR LIFE INSURANCE COMPANY OF 
    NEW YORK 
    (Depositor) 

By:

  _____________________________
Donald W. Britton*
President
(principal executive officer)

By:    /s/ John S. Kreighbaum 
    John S. (Scott) Kreighbaum as 
    Attorney-in-Fact 

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement
has been signed by the following persons in the capacities indicated on December 29, 2008.

Signature

Title

 

 

_____________________________
Donald W. Britton*

President, Chief Executive Officer,

Chairman and Director (principal executive officer)

   

_____________________________
Steven T. Pierson* 

Chief Accounting Officer 

 

DIRECTORS OF THE DEPOSITOR 

 
Signature  Title 
   

_____________________________
David A. Wheat* 

Chief Financial Officer (principal accounting officer) 

 

_____________________________
James R. Gelder* 

 

 

_____________________________
Donald W. Britton* 

 

 

Signature                                                                   Title

_____________________________
Catherine H. Smith*

_____________________________
R. Michael Conley*

_____________________________
Carol V. Coleman*

_____________________________
James F. Lille*

_____________________________
Charles B. Updike*

_____________________________
Ross M. Weale*

_____________________________
Brian D. Comer*

_____________________________
Ivan J. Gilreath*

_____________________________
Robert P. Browne*

_____________________________
Howard L. Rosen*

By:    /s/ John S. Kreighbaum 
    John S. (Scott) Kreighbaum as 
    Attorney-in-Fact 

*Executed by John S. (Scott) Kreighbaum on behalf of those indicated pursuant to Powers of Attorney.

EXHIBIT INDEX 

ITEM    EXHIBIT    PAGE # 
(8)(f)    Fourth Amended and Restated Fund Participation Agreement    EX-99.B8F 
    among ReliaStar Life Insurance Company of New York and     
    American Funds Insurance Series     
(8)(g)    Participation Agreement among ReliaStar Life Insurance    EX-99.B8G 
    Company of New York and American Funds Insurance Series     
(9)    Opinion and Consent of Counsel    EX-99.B9 
(10)    Consent of Independent Registered Public Accounting Firm    EX-99.B10 
(13)    Powers of Attorney    EX-99.B13