8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): December 19, 2006

                           PROVIDENT NEW YORK BANCORP
                           --------------------------
               (Exact Name of Registrant as Specified in Charter)

         Delaware                          0-25233              80-0091851
  ---------------------------       --------------------      ---------------
(State or Other Jurisdiction)       (Commission File No.)     (I.R.S. Employer
      of Incorporation)                                      Identification No.)


400 Rella Boulevard, Montebello, New York                          10901
- -----------------------------------------                          -----
(Address of Principal Executive Offices)                         (Zip Code)

Registrant's telephone number, including area code:  (845) 369-8040
                                                     --------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))








Item 5.02.   Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     On December 19, 2006, the Board of Directors of Provident  Bank, the wholly
owned  subsidiary  of Provident New York Bancorp (the  "Company"),  approved and
adopted the Provident Bank Executive Officer Incentive Plan (the "Plan"),  which
will govern the payment of bonuses to Provident  Bank's  executive  officers for
the fiscal year ending September 30, 2007. Under the Plan, the President and CEO
has a target bonus of 40% of base salary,  and the other executive officers have
a target bonus of 30% of base  salary.  Bonus awards may range from 0% of target
to 150% of target,  based on the  compensation  committee's  evaluation  of five
performance   categories:   (1)  quality  and  level  of  earnings,   (2)  stock
performance, (3) balance sheet management, (4) market share growth, and (5) risk
management.  At the end of each  year,  an  evaluation  of  performance  in each
category will be  undertaken,  and ratings  between 1 and 5 will be assigned for
each   category,   with   5   representing   outstanding   and  1   representing
unsatisfactory.  The ratings will be multiplied  by the weighting  assigned each
year by the compensation committee to each category to arrive at a score. If two
out of five  categories  receive a score of 1, no  payout  will be  earned.  The
compensation  committee  is  authorized  to adjust  individual  awards  based on
extraordinary circumstances.

Item 5.03.   Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.

     On December  19,  2006,  the Board of  Directors  approved an  amendment to
Article   II,   Section  10  of  the   Company's   Bylaws   regarding   director
qualifications.  As amended, the requirement that a director reside or work in a
county in which Provident Bank maintains an office or in a county  contiguous to
a county in which  Provident  Bank  maintains  an office shall apply only to the
initial appointment,  nomination or election to the board. A copy of the amended
and restated Article II, Section 10 of the Bylaws is filed as an exhibit to this
Current Report on Form 8-K.

Item 9.01.   Financial Statements and Exhibits.

     (a) Not Applicable.

     (b) Not Applicable.

     (c) Not Applicable.

     (d) Exhibits.

         3          Article II, Section 10 of the Company's Bylaws, as amended.







                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                       PROVIDENT NEW YORK BANCORP



DATE: December 22, 2006            By: /s/ Daniel Rothstein
                                       ---------------------------------------
                                       Daniel Rothstein
                                       Executive Vice President and
                                         Corporate Secretary




                                  EXHIBIT INDEX

The following exhibits are furnished as part of this report:

     Exhibit No.                         Description
     -----------                         -----------

         3          Article II, Section 10 of the Company's Bylaws, as amended.

EX-3

                                    EXHIBIT 3

                      AMENDED AND RESTATED BYLAW PROVISION

Section 10.  Qualification.

     A. No person  seventy-five (75) years of age or above shall be eligible for
election, reelection,  appointment or reappointment to the board of directors of
the Corporation. No director shall serve as a director of the Company beyond the
annual meeting of the Corporation that immediately follows the director becoming
age seventy-five (75).

     B. Any person nominated, appointed or elected to the Board of Directors, or
serving on the Board of  Directors,  in order to  qualify as such,  shall own at
least 100 shares of the Corporation's common stock.

     C. Any person nominated, appointed or elected to the Board of Directors, in
order to qualify as such,  shall  reside or work in a county in which  Provident
Bank (the banking  subsidiary  of the  Corporation)  maintains an office or in a
county  contiguous to a county in which  Provident Bank maintains an office.  So
long  as  the  person  serves  as  a  Director  continuously  thereafter,   this
requirement  10.C applies only at the time of first (1) nomination and election,
or (2) appointment.