N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3723

Fidelity New York Municipal Trust
 (Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
 (Address of principal executive offices) (Zip code)

Eric D. Roiter, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

January 31

Date of reporting period:

April 30, 2007

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® New York Municipal
Income Fund

April 30, 2007

1.800351.103

NFY-QTLY-0607

Investments April 30, 2007 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 97.9%

Principal Amount (000s)

Value (000s)

Guam - 0.1%

Guam Wtrwks. Auth. Wtr. and Wastewtr. Sys. Rev. 6% 7/1/25

$ 1,100

$ 1,203

New York - 94.5%

Albany Indl. Dev. Agcy. Civic Facility Rev. (College of Saint Rose Proj.) Series A, 5.5% 7/1/21 (AMBAC Insured)

2,300

2,461

Battery Park City Auth. Rev. Series A:

5.25% 11/1/16

2,000

2,175

5.25% 11/1/17

1,400

1,524

Buffalo Muni. Wtr. Fin. Auth. Series B, 5% 7/1/16 (FSA Insured) (a)

2,965

3,180

Dutchess County Indl. Dev. Agcy. Civic Facility Rev.:

(Bard College Civic Facility Proj.):

5.5% 8/1/20 (Pre-Refunded to 8/1/10 @ 101) (d)

4,190

4,444

5.75% 8/1/30 (Pre-Refunded to 8/1/10 @ 101) (d)

9,475

10,099

(Bard College Proj.):

Series A1, 5% 8/1/12 (a)

500

521

Series A2, 5% 8/1/11 (a)

750

777

(Vassar College Proj.) 5.35% 9/1/40 (Pre-Refunded to 8/1/11 @ 101) (d)

7,000

7,532

Erie County Gen. Oblig. Series A:

5% 9/1/15 (FGIC Insured)

2,625

2,783

5% 9/1/16 (FGIC Insured)

1,680

1,778

5% 9/1/17 (FGIC Insured)

1,000

1,059

Erie County Indl. Dev. Agcy. School Facility Rev.:

(Buffalo City School District Proj.):

Series 2003:

5.75% 5/1/17 (FSA Insured)

8,940

9,735

5.75% 5/1/19 (FSA Insured)

1,500

1,631

5.75% 5/1/20 (FSA Insured)

1,400

1,522

5.75% 5/1/22 (FSA Insured)

4,900

5,319

Series 2004:

5.75% 5/1/17 (FSA Insured)

5,950

6,657

5.75% 5/1/23 (FSA Insured)

9,620

10,682

5.75% 5/1/25 (FSA Insured)

2,000

2,218

5.75% 5/1/26 (FSA Insured)

8,985

9,959

5.75% 5/1/15 (FSA Insured)

4,100

4,608

5.75% 5/1/19 (FSA Insured)

5,000

5,574

(City of Buffalo Proj.) Series 2003:

5.75% 5/1/21 (FSA Insured)

1,755

1,907

5.75% 5/1/23 (FSA Insured)

1,000

1,085

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Geneva Indl. Dev. Auth. Civic Facilities Rev. (Hobart & William Smith Proj.) Series A, 5.375% 2/1/23 (FGIC Insured)

$ 3,485

$ 3,754

Grand Central District Mgmt. Assoc., Inc. 5% 1/1/14

1,000

1,064

Hempstead Town Indl. Dev. Agcy. (American Ref-Fuel Co. Proj.) 5% 12/1/10

7,000

7,222

Hudson Yards Infrastructure Corp. 4.5% 2/15/47 (MBIA Insured)

4,000

3,956

Long Island Pwr. Auth.:

Series A, 5.25% 12/1/20 (FGIC Insured)

17,780

19,472

Series B, 5% 12/1/35

3,000

3,145

Series C, 5% 9/1/35

5,000

5,266

Metropolitan Trans. Auth. Dedicated Tax Fund Series A, 5.5% 11/15/26 (FSA Insured)

13,575

14,605

Metropolitan Trans. Auth. Svc. Contract Rev.:

(Trans. Facilities Proj.) Series 3, 7.375% 7/1/08 (Escrowed to Maturity) (d)

695

711

Series 2002 A, 5.75% 7/1/31 (AMBAC Insured)

3,025

3,287

Series 7, 5.625% 7/1/16 (Escrowed to Maturity) (d)

3,000

3,138

Series A, 5.5% 7/1/20 (MBIA Insured)

3,000

3,240

Series B:

5.5% 7/1/19 (MBIA Insured)

3,000

3,251

5.5% 7/1/23 (MBIA Insured)

5,000

5,414

Monroe County Arpt. Auth. Arpt. Rev. 5.25% 1/1/13 (MBIA Insured) (c)

1,000

1,052

Monroe County Gen. Oblig. 6.5% 6/1/07 (AMBAC Insured)

50

50

Monroe County Indl. Dev. Agcy. Civic Facility Rev.:

(Highland Hosp. Proj.):

5% 8/1/11

1,510

1,557

5% 8/1/13

1,650

1,726

(Nazareth College Rochester Proj.) 5.25% 10/1/21 (MBIA Insured)

1,000

1,063

Nassau County Indl. Dev. Agcy. Civic Facility Rev. (North Shore Health Sys. Proj.):

Series 2001 A, 5.875% 11/1/11

125

129

Series 2001 B, 5.875% 11/1/11

855

886

Series 2001 C, 5.625% 11/1/10

510

519

Series 2001 D, 5.625% 11/1/10

1,225

1,281

Nassau County Interim Fin. Auth. Series A, 5% 11/15/18 (AMBAC Insured)

4,875

5,190

New York City Gen. Oblig.:

Series 1998 H, 5.5% 8/1/12

8,065

8,314

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Gen. Oblig.: - continued

Series 2000 A, 6.5% 5/15/11

$ 195

$ 212

Series 2002 A, 5.75% 8/1/14

5,000

5,449

Series 2002 B, 5.75% 8/1/15

3,500

3,815

Series 2002 C, 5.5% 8/1/13

10,500

11,379

Series 2003 A:

5.5% 8/1/14

3,205

3,498

5.5% 8/1/20 (MBIA Insured)

7,000

7,619

Series 2003 E, 5.25% 8/1/14

3,390

3,653

Series 2003 F:

5.5% 12/15/10

1,000

1,058

5.5% 12/15/11

3,700

3,962

Series 2003 J, 5.5% 6/1/20 (AMBAC Insured)

17,265

18,756

Series 2004 B, 5.25% 8/1/15

9,855

10,693

Series 2005 F, 5.25% 8/1/12

2,000

2,115

Series 2005 G:

5% 8/1/15

8,220

8,828

5.25% 8/1/16

9,010

9,887

5.625% 8/1/13 (MBIA Insured)

3,000

3,264

Series 2005 J, 5% 3/1/13

2,500

2,647

Series A:

5.25% 11/1/14 (MBIA Insured)

1,350

1,447

6.25% 8/1/08

1,000

1,014

Series B:

5.75% 8/1/14

3,000

3,270

6.5% 8/15/11

1,000

1,103

Series C, 5% 1/1/15

7,000

7,486

Series D, 5.25% 8/1/13

1,740

1,764

Series G, 5.25% 8/1/14 (AMBAC Insured)

1,635

1,737

Series H, 6% 8/1/17

345

350

Series I-1, 5% 4/1/17

7,215

7,746

Series J:

5.5% 6/1/18 (MBIA Insured)

5,000

5,454

5.5% 6/1/19

2,395

2,595

6.125% 8/1/12

60

61

Subseries 2005 F1, 5.25% 9/1/14

3,000

3,258

New York City Health & Hosp. Corp. Rev. Series A:

5.5% 2/15/16 (FSA Insured)

2,605

2,803

5.5% 2/15/17 (FSA Insured)

3,000

3,228

5.5% 2/15/18 (FSA Insured)

2,500

2,688

5.5% 2/15/19 (FSA Insured)

1,250

1,343

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Indl. Dev. Agcy. Civic Facility Rev.:

(New York Univ. Proj.) Series 2001, 5.375% 7/1/15 (AMBAC Insured)

$ 500

$ 533

(Spence School, Inc. Proj.) 5% 7/1/27

3,255

3,384

New York City Indl. Dev. Agcy. Indl. Dev. Rev. (Japan Airlines Co. Ltd. Proj.) Series 1991, 6% 11/1/15 (FSA Insured) (c)

1,915

1,938

New York City Indl. Dev. Agcy. Spl. Facilities Rev. (Terminal One Group Assoc. Proj.) 5% 1/1/08 (c)

3,735

3,757

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:

Series 07AA, 4.75% 6/15/37

2,500

2,563

Series 2001 C, 5.125% 6/15/33

3,960

4,156

Series 2002 A, 5.125% 6/15/34 (FSA Insured)

16,500

17,327

Series 2005 D, 5% 6/15/37

16,090

16,899

Series A:

5% 6/15/32

5,000

5,153

5.125% 6/15/34 (MBIA Insured)

4,200

4,411

5.25% 6/15/33 (Pre-Refunded to 6/15/11
@ 100) (d)

1,280

1,359

5.375% 6/15/15 (FGIC Insured)

7,000

7,565

Series B, 5.375% 6/15/07 (Escrowed to Maturity) (d)

145

145

Series D:

5% 6/15/38

14,250

14,967

5% 6/15/39

2,800

2,939

5% 6/15/39 (AMBAC Insured)

3,755

3,952

Series E:

5% 6/15/34

2,000

2,081

5% 6/15/38

2,975

3,092

Series G:

5.125% 6/15/32

3,000

3,123

5.125% 6/15/32 (FGIC Insured)

4,750

4,956

New York City Transitional Fin. Auth. Rev.:

Series 2002 A, 5.375% 11/15/21

1,100

1,181

Series 2003 D:

5% 2/1/31

20,025

20,896

5.25% 2/1/17 (MBIA Insured)

9,385

10,081

5.25% 2/1/19 (MBIA Insured)

8,075

8,631

Series 2003 E:

5.25% 2/1/15 (FGIC Insured)

7,250

7,811

5.25% 2/1/17 (FGIC Insured)

5,975

6,418

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Transitional Fin. Auth. Rev.: - continued

Series 2004 C:

5% 2/1/33 (FGIC Insured)

$ 7,350

$ 7,740

5.25% 2/1/14

6,000

6,524

Series 2007 B:

5% 11/1/15

3,000

3,257

5% 11/1/16

7,500

8,180

Series 2007 S1, 5% 7/15/36 (FGIC Insured)

3,000

3,192

Series A:

5.375% 11/15/21 (Pre-Refunded to 11/15/12
@ 100) (d)

2,750

2,989

5.5% 11/15/17 (FGIC Insured)

6,725

7,291

5.5% 11/15/20 (Pre-Refunded to 11/15/12
@ 100) (d)

3,800

4,153

Series B:

5% 8/1/32

5,000

5,231

5.25% 8/1/19

3,000

3,236

5.375% 2/1/15

3,000

3,236

Series C, 5.375% 2/1/17

1,000

1,063

Series D, 5.25% 2/1/20 (MBIA Insured)

5,000

5,349

5.75% 2/15/16 (Pre-Refunded to 2/15/10
@ 101) (d)

85

91

New York City Trust Cultural Resources Rev. (Museum of Modern Art Proj.) Series 2001 D, 5.125% 7/1/31 (AMBAC Insured)

3,200

3,363

New York Convention Ctr. Dev. Corp. Rev. 5% 11/15/44 (AMBAC Insured)

48,000

50,380

New York Dorm. Auth. Revs.:

(Champlain Valley Physicians Proj.):

6% 7/1/09 (Escrowed to Maturity) (d)

370

388

6% 7/1/10 (Escrowed to Maturity) (d)

250

268

(City Univ. Sys. Consolidation Proj.):

Series A:

5.75% 7/1/13

6,000

6,482

5.75% 7/1/13 (AMBAC Insured)

3,000

3,248

Series C, 7.5% 7/1/10

4,995

5,267

(Colgate Univ. Proj.):

6% 7/1/16 (MBIA Insured)

1,900

2,157

6% 7/1/21 (MBIA Insured)

2,500

2,975

(Court Facilities Lease Proj.) Series A, 5.5% 5/15/21 (AMBAC Insured)

10,000

11,575

(Jewish Med. Ctr. Proj.) 5% 7/1/18 (MBIA Insured)

8,000

8,180

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Dorm. Auth. Revs.: - continued

(Mental Health Proj.) Series 2007 A, 5.75% 8/15/11

$ 25

$ 26

(Montefiore Med. Ctr. Proj.) Series 2000:

5.8% 8/1/30

2,820

2,995

5.85% 8/1/40

9,500

10,107

(New York & Presbyterian Hosp. Proj.) 4.4% 8/1/13 (AMBAC Insured)

185

185

(New York City Gen. Oblig. Proj.):

Series A, 5.5% 5/15/28 (AMBAC Insured)

2,700

3,212

Series B, 6% 7/1/14

2,635

2,850

(New York Univ. Hosp. Ctr. Proj.) Series A:

5% 7/1/13

1,630

1,691

5% 7/1/14

2,510

2,609

(New York Univ. Proj.):

Series 1, 5.5% 7/1/40 (AMBAC Insured)

3,000

3,570

Series 2:

5.5% 7/1/17 (AMBAC Insured)

755

805

5.5% 7/1/19 (AMBAC Insured)

1,705

1,814

5.5% 7/1/20 (AMBAC Insured)

860

915

Series A:

5.75% 7/1/15 (MBIA Insured)

2,295

2,612

5.75% 7/1/27 (MBIA Insured)

11,000

13,243

(North Shore Univ. Hosp. Proj.) 5.5% 11/1/14 (MBIA Insured)

1,500

1,673

(School District Fing. Prog.):

Series 2002 D, 5.5% 10/1/17 (MBIA Insured)

10,825

11,745

Series 2002 E, 5.75% 10/1/22 (MBIA Insured)

1,485

1,625

Series 2002 H, 5.5% 10/1/17 (MBIA Insured)

2,600

2,821

Series 2002 I, 5.75% 10/1/18 (MBIA Insured)

500

549

(State Univ. Edl. Facilities Proj.):

Series A, 5.25% 5/15/15 (MBIA Insured)

8,855

9,677

Series B, 7.5% 5/15/11

1,550

1,687

(The Jamaica Hosp. Proj.) Series F:

5.1% 2/15/12 (Pre-Refunded to 2/15/08
@ 101.5) (d)

3,605

3,700

5.2% 2/15/13 (Pre-Refunded to 2/15/08
@ 101.5) (d)

6,585

6,763

(Upstate Cmnty. Colleges Proj.) Series B, 5.5% 7/1/22 (FGIC Insured)

10,090

11,735

(Winthrop-South Nassau Univ. Health Sys. Oblig. Group Proj.) Series A:

6% 7/1/14

1,095

1,189

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Dorm. Auth. Revs.: - continued

6% 7/1/15

$ 1,160

$ 1,256

6% 7/1/16

1,230

1,328

(Yeshiva Univ. Proj.) Series 2001:

5.375% 7/1/14 (AMBAC Insured)

500

533

5.375% 7/1/16 (AMBAC Insured)

670

714

5.375% 7/1/17 (AMBAC Insured)

370

394

Series 1990 B, 7.5% 5/15/11 (Pre-Refunded to 5/15/10 @ 100) (d)

1,135

1,234

Series 2000 C, 5.75% 5/15/17 (FSA Insured)

3,000

3,471

Series 2002 A, 5.75% 10/1/17 (MBIA Insured)

30,260

33,229

Series 2002 B:

6% 10/1/22 (MBIA Insured)

2,775

3,064

6% 10/1/29 (MBIA Insured)

5,600

6,154

Series 2005 B:

5.25% 7/1/20 (MBIA Insured)

3,345

3,648

5.25% 7/1/21 (MBIA Insured)

1,745

1,899

5.25% 7/1/22 (MBIA Insured)

1,835

1,993

Series A:

5% 7/1/08

1,000

1,009

5% 7/1/11

1,365

1,400

5% 7/1/12

1,530

1,575

5% 7/1/18

3,000

3,236

5% 7/1/39

16,505

17,383

5.5% 5/15/20 (AMBAC Insured)

13,000

14,980

Series B:

5.25%, tender 5/15/12 (b)

10,400

11,055

6%, tender 5/15/12 (b)

11,000

12,041

5% 7/1/10

1,000

1,021

New York Metropolitan Transit Auth. Rev.:

Series A:

5.5% 11/15/15 (AMBAC Insured)

1,340

1,460

5.5% 11/15/16 (AMBAC Insured)

1,000

1,090

5.5% 11/15/17 (AMBAC Insured)

1,000

1,090

5.5% 11/15/18 (AMBAC Insured)

1,700

1,852

5.5% 11/15/18 (AMBAC Insured)

2,000

2,295

5.5% 11/15/19 (FGIC Insured)

5,000

5,760

5.5% 11/15/20 (FSA Insured)

8,635

9,988

5.75% 11/15/32

10,000

10,871

Series B:

5% 11/15/35 (MBIA Insured)

3,300

3,490

5.25% 11/15/18 (FGIC Insured)

4,000

4,321

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Metropolitan Transit Auth. Rev.: - continued

Series B:

5.25% 11/15/18 (MBIA Insured)

$ 7,000

$ 7,871

Series E, 5.5% 11/15/21 (MBIA Insured)

2,200

2,394

New York State Dorm. Auth. Lease Rev. Series 2003 B, 5.25%, tender 7/1/13 (XL Cap. Assurance, Inc. Insured) (b)

10,000

10,767

New York State Dorm. Auth. Revs. (Ref. Ed. Proj.)
Series B, 5.5% 3/15/22 (AMBAC Insured)

7,025

8,154

New York State Envir. Facilities Corp. Clean Wtr. & Drinking Wtr. Rev.:

(New York City Muni. Wtr. Fin. Auth. Proj.):

Series B, 5.25% 6/15/16

500

535

Series C:

5.25% 7/15/16

2,340

2,509

5.25% 7/15/17

2,410

2,579

Series D:

5% 6/15/20

20,150

21,226

5.125% 6/15/31

6,900

7,249

5.375% 6/15/19

5,250

5,628

Series G, 5.25% 10/15/20

1,255

1,325

(New York City Muni. Wtr. Fin. Proj.) 5% 6/15/34

4,825

5,078

(Pooled Fing. Prog.):

Series F:

5.25% 11/15/15

2,595

2,799

5.25% 11/15/16

3,770

4,056

Series I:

5.25% 9/15/15

2,085

2,244

5.25% 9/15/17

2,395

2,568

Series 2004 D, 5% 2/15/34

12,150

12,801

Series B:

5.5% 10/15/20

3,805

4,420

5.5% 10/15/21

3,985

4,636

Series C:

5% 6/15/19

815

834

5.25% 6/15/16

3,500

3,703

Series F:

4.875% 6/15/18

1,735

1,773

4.875% 6/15/20

2,175

2,220

5% 6/15/15

1,295

1,326

5.25% 6/15/13

1,575

1,618

Series I, 5% 6/15/24

2,000

2,102

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York State Envir. Facilities Corp. State Wtr. Poll. Cont. Revolving Fund Rev.:

(New York City Muni. Wtr. Fin. Auth. Proj.):

Series A, 7% 6/15/12

$ 190

$ 190

Series C, 5.85% 7/15/15

30

30

Series E, 6.5% 6/15/14

130

130

(Pooled Ln. Prog.) Series B, 5.2% 5/15/14

1,115

1,220

Series B, 5.2% 5/15/14 (Escrowed to Maturity) (d)

1,105

1,172

New York State Hsg. Fin. Agcy. Personal Income Tax Rev. (Econ. Dev. & Hsg. Proj.) Series A:

5.25% 9/15/16 (MBIA Insured)

1,780

1,931

5.25% 9/15/20 (Pre-Refunded to 3/15/13
@ 100) (d)

2,685

2,910

5.25% 3/15/21 (Pre-Refunded to 3/15/13
@ 100) (d)

2,230

2,417

New York State Pwr. Auth. & Gen. Purp. Rev.:

Series A, 5.25% 11/15/40

25,860

26,976

Series W, 6.5% 1/1/08 (Escrowed to Maturity) (d)

20

20

New York State Thruway Auth. Gen. Rev.:

Series 2005 G, 5.25% 1/1/27 (FSA Insured)

4,370

4,753

Series G, 5% 1/1/32 (FSA Insured)

2,800

2,957

New York State Thruway Auth. Svc. Contract Rev.:

5.5% 4/1/14

10,700

11,527

5.5% 4/1/15

6,200

6,679

6% 4/1/11

1,605

1,640

New York State Urban Dev. Corp. Correctional Youth Facilities Svc. Series A:

5.5% 1/1/17 (Pre-Refunded to 1/1/11 @ 100) (d)

145

154

5.5%, tender 1/1/11 (b)

1,880

1,986

New York State Urban Dev. Corp. Rev.:

(State Facilities and Equip. Proj.) Series 2004 A2:

5.5% 3/15/19 (MBIA Insured)

1,230

1,409

5.5% 3/15/22 (MBIA Insured)

5,000

5,804

Series 2004 A2, 5.5% 3/15/21 (MBIA Insured)

23,000

26,590

New York Thruway Auth. Hwy. & Bridge Trust Fund:

Series 2005 B, 5% 4/1/17 (FGIC Insured)

14,300

15,472

Series B, 5.5% 4/1/20 (AMBAC Insured)

25,400

29,240

Niagara Falls City Niagara County Pub. Impt.:

7.5% 3/1/08 (Escrowed to Maturity) (d)

85

88

7.5% 3/1/08 (MBIA Insured)

910

938

7.5% 3/1/10 (Escrowed to Maturity) (d)

95

105

7.5% 3/1/10 (MBIA Insured)

1,060

1,166

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Niagara Falls City Niagara County Pub. Impt.: - continued

7.5% 3/1/11 (Escrowed to Maturity) (d)

$ 105

$ 119

7.5% 3/1/11 (MBIA Insured)

1,140

1,291

7.5% 3/1/16 (Escrowed to Maturity) (d)

90

115

7.5% 3/1/16 (MBIA Insured)

970

1,226

7.5% 3/1/17 (Escrowed to Maturity) (d)

100

130

7.5% 3/1/17 (MBIA Insured)

1,100

1,419

Niagara Falls Pub. Wtr. Auth. 5.5% 7/15/34 (XL Cap. Assurance, Inc. Insured)

1,000

1,113

Oneida County Indl. Dev. Agcy. (Hamilton College Proj.) Series A:

0% 7/1/14 (MBIA Insured)

525

396

0% 7/1/15 (MBIA Insured)

750

542

Sales Tax Asset Receivables Corp. Series A, 5.25% 10/15/27 (AMBAC Insured)

4,055

4,398

Saratoga County Indl. Dev. Agcy. (The Saratoga Hosp. Proj.) Series A, 5% 12/1/10

1,095

1,125

Schenectady Indl. Dev. Agcy. Civic Facility Rev. (Union College Proj.) 5% 7/1/15

1,005

1,082

Suffolk County Indl. Dev. Agcy. Civic Facility Rev. (Huntington Hosp. Proj.) Series B, 6% 11/1/22

4,305

4,548

Taconic Hills Central School District at Craryville 5% 6/15/16 (FGIC Insured)

1,130

1,194

Tobacco Settlement Fing. Corp.:

Series A1:

5.25% 6/1/21 (AMBAC Insured)

3,255

3,469

5.25% 6/1/22 (AMBAC Insured)

5,300

5,642

5.5% 6/1/14

13,125

13,577

5.5% 6/1/15

6,700

7,026

5.5% 6/1/16

17,500

18,325

5.5% 6/1/17

7,000

7,418

5.5% 6/1/18 (MBIA Insured)

3,000

3,238

5.5% 6/1/19

2,700

2,926

Series B1:

5% 6/1/10

1,760

1,822

5% 6/1/11

1,525

1,594

Series C1:

5% 6/1/11

3,280

3,283

5.5% 6/1/14

3,000

3,100

5.5% 6/1/15

11,800

12,367

5.5% 6/1/16

10,000

10,613

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Tobacco Settlement Fing. Corp.: - continued

Series C1:

5.5% 6/1/17

$ 5,700

$ 6,041

5.5% 6/1/18

3,800

4,078

5.5% 6/1/19

13,700

14,845

5.5% 6/1/20

16,000

17,301

5.5% 6/1/21

11,985

12,939

5.5% 6/1/22

9,700

10,456

Triborough Bridge & Tunnel Auth. Revs.:

(Convention Ctr. Proj.) Series E, 7.25% 1/1/10 (XL Cap. Assurance, Inc. Insured)

4,760

5,009

Series 2002 A, 5.25% 1/1/19

1,100

1,165

Series 2005 A, 5.125% 1/1/22

5,290

5,540

Series A:

5% 1/1/32

3,010

3,113

5% 1/1/32 (MBIA Insured)

1,455

1,514

Series B:

5.2% 1/1/27 (Pre-Refunded to 1/1/22 @ 100) (d)

2,000

2,279

5.2% 1/1/27 (Pre-Refunded to 1/1/22 @ 100) (d)

2,000

2,279

5.5% 1/1/30 (Pre-Refunded to 1/1/22 @ 100) (d)

5,015

5,797

Series Q, 6.75% 1/1/09 (Escrowed to Maturity) (d)

630

650

Series Y:

5.5% 1/1/17 (Escrowed to Maturity) (d)

1,000

1,108

6.125% 1/1/21 (Escrowed to Maturity) (d)

3,200

3,880

1,403,480

New York & New Jersey - 2.6%

Port Auth. of New York & New Jersey:

124th Series, 5% 8/1/13 (FGIC Insured) (c)

3,000

3,066

126th Series, 5.25% 5/15/37 (FGIC Insured) (c)

3,970

4,180

128th Series, 5% 11/1/19 (FSA Insured)

7,200

7,647

134th Series, 5% 1/15/39

10,000

10,496

Series 85, 5.375% 3/1/28

6,205

7,124

Port Auth. of New York & New Jersey Spl. Oblig. Rev. (JFK Int'l. Air Term. Spl. Proj.) Series 6, 6.25% 12/1/15 (MBIA Insured) (c)

5,000

5,782

38,295

Puerto Rico - 0.7%

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev.:

Series 1998, 5.75% 7/1/22 (CIFG North America Insured)

3,000

3,303

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

Puerto Rico - continued

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev.: - continued

Series L, 5.25% 7/1/41 (CIFG North America Insured)

$ 2,385

$ 2,784

Puerto Rico Commonwealth Infrastructure Fing. Auth. Series C, 5.5% 7/1/27 (AMBAC Insured)

1,000

1,177

Puerto Rico Elec. Pwr. Auth. Pwr. Rev. Series QQ:

5.25% 7/1/13 (XL Cap. Assurance, Inc. Insured)

1,500

1,624

5.5% 7/1/16 (XL Cap. Assurance, Inc. Insured)

1,000

1,126

Puerto Rico Muni. Fin. Agcy. Series 2005 C, 5.25% 8/1/17 (FSA Insured)

1,000

1,118

11,132

TOTAL INVESTMENT PORTFOLIO - 97.9%

(Cost $1,430,561)

1,454,110

NET OTHER ASSETS - 2.1%

30,532

NET ASSETS - 100%

$ 1,484,642

Legend

(a) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(b) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(c) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(d) Security collateralized by an amount sufficient to pay interest and principal.

Income Tax Information

At April 30, 2007, the aggregate cost of investment securities for income tax purposes was $1,430,413,000. Net unrealized appreciation aggregated $23,697,000, of which $26,726,000 related to appreciated investment securities and $3,029,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of the close of business of the New York Stock Exchange, normally 4:00 p.m. Eastern time. Security transactions are accounted for as of trade date. Wherever possible, the fund uses independent pricing services approved by the Board of Trustees to value its investments. Debt securities, including restricted securities, for which quotes are readily available, are valued by independent pricing services or by dealers who make markets in such securities. Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices. Swaps are marked-to-market daily based on dealer-supplied valuations. When current market prices or quotations are not readily available or do not accurately reflect fair value, valuations may be determined in accordance with procedures adopted by the Board of Trustees. The frequency of when fair value pricing is used is unpredictable. The value of securities used for NAV calculation under fair value pricing may differ from published prices for the same securities. Investments in open-end mutual funds are valued at their closing net asset value each business day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value.

For additional information on the fund's policy regarding valuation of investments and other significant accounting policies, please refer to the fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Advisor New York
Municipal Income Fund
Class A
Class T
Class B
Class C
Institutional Class

April 30, 2007

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® New York Municipal
Income Fund

1.815813.102

ASNM-QTLY-0607

Investments April 30, 2007 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 97.9%

Principal Amount (000s)

Value (000s)

Guam - 0.1%

Guam Wtrwks. Auth. Wtr. and Wastewtr. Sys. Rev. 6% 7/1/25

$ 1,100

$ 1,203

New York - 94.5%

Albany Indl. Dev. Agcy. Civic Facility Rev. (College of Saint Rose Proj.) Series A, 5.5% 7/1/21 (AMBAC Insured)

2,300

2,461

Battery Park City Auth. Rev. Series A:

5.25% 11/1/16

2,000

2,175

5.25% 11/1/17

1,400

1,524

Buffalo Muni. Wtr. Fin. Auth. Series B, 5% 7/1/16 (FSA Insured) (a)

2,965

3,180

Dutchess County Indl. Dev. Agcy. Civic Facility Rev.:

(Bard College Civic Facility Proj.):

5.5% 8/1/20 (Pre-Refunded to 8/1/10 @ 101) (d)

4,190

4,444

5.75% 8/1/30 (Pre-Refunded to 8/1/10 @ 101) (d)

9,475

10,099

(Bard College Proj.):

Series A1, 5% 8/1/12 (a)

500

521

Series A2, 5% 8/1/11 (a)

750

777

(Vassar College Proj.) 5.35% 9/1/40 (Pre-Refunded to 8/1/11 @ 101) (d)

7,000

7,532

Erie County Gen. Oblig. Series A:

5% 9/1/15 (FGIC Insured)

2,625

2,783

5% 9/1/16 (FGIC Insured)

1,680

1,778

5% 9/1/17 (FGIC Insured)

1,000

1,059

Erie County Indl. Dev. Agcy. School Facility Rev.:

(Buffalo City School District Proj.):

Series 2003:

5.75% 5/1/17 (FSA Insured)

8,940

9,735

5.75% 5/1/19 (FSA Insured)

1,500

1,631

5.75% 5/1/20 (FSA Insured)

1,400

1,522

5.75% 5/1/22 (FSA Insured)

4,900

5,319

Series 2004:

5.75% 5/1/17 (FSA Insured)

5,950

6,657

5.75% 5/1/23 (FSA Insured)

9,620

10,682

5.75% 5/1/25 (FSA Insured)

2,000

2,218

5.75% 5/1/26 (FSA Insured)

8,985

9,959

5.75% 5/1/15 (FSA Insured)

4,100

4,608

5.75% 5/1/19 (FSA Insured)

5,000

5,574

(City of Buffalo Proj.) Series 2003:

5.75% 5/1/21 (FSA Insured)

1,755

1,907

5.75% 5/1/23 (FSA Insured)

1,000

1,085

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Geneva Indl. Dev. Auth. Civic Facilities Rev. (Hobart & William Smith Proj.) Series A, 5.375% 2/1/23 (FGIC Insured)

$ 3,485

$ 3,754

Grand Central District Mgmt. Assoc., Inc. 5% 1/1/14

1,000

1,064

Hempstead Town Indl. Dev. Agcy. (American Ref-Fuel Co. Proj.) 5% 12/1/10

7,000

7,222

Hudson Yards Infrastructure Corp. 4.5% 2/15/47 (MBIA Insured)

4,000

3,956

Long Island Pwr. Auth.:

Series A, 5.25% 12/1/20 (FGIC Insured)

17,780

19,472

Series B, 5% 12/1/35

3,000

3,145

Series C, 5% 9/1/35

5,000

5,266

Metropolitan Trans. Auth. Dedicated Tax Fund Series A, 5.5% 11/15/26 (FSA Insured)

13,575

14,605

Metropolitan Trans. Auth. Svc. Contract Rev.:

(Trans. Facilities Proj.) Series 3, 7.375% 7/1/08 (Escrowed to Maturity) (d)

695

711

Series 2002 A, 5.75% 7/1/31 (AMBAC Insured)

3,025

3,287

Series 7, 5.625% 7/1/16 (Escrowed to Maturity) (d)

3,000

3,138

Series A, 5.5% 7/1/20 (MBIA Insured)

3,000

3,240

Series B:

5.5% 7/1/19 (MBIA Insured)

3,000

3,251

5.5% 7/1/23 (MBIA Insured)

5,000

5,414

Monroe County Arpt. Auth. Arpt. Rev. 5.25% 1/1/13 (MBIA Insured) (c)

1,000

1,052

Monroe County Gen. Oblig. 6.5% 6/1/07 (AMBAC Insured)

50

50

Monroe County Indl. Dev. Agcy. Civic Facility Rev.:

(Highland Hosp. Proj.):

5% 8/1/11

1,510

1,557

5% 8/1/13

1,650

1,726

(Nazareth College Rochester Proj.) 5.25% 10/1/21 (MBIA Insured)

1,000

1,063

Nassau County Indl. Dev. Agcy. Civic Facility Rev. (North Shore Health Sys. Proj.):

Series 2001 A, 5.875% 11/1/11

125

129

Series 2001 B, 5.875% 11/1/11

855

886

Series 2001 C, 5.625% 11/1/10

510

519

Series 2001 D, 5.625% 11/1/10

1,225

1,281

Nassau County Interim Fin. Auth. Series A, 5% 11/15/18 (AMBAC Insured)

4,875

5,190

New York City Gen. Oblig.:

Series 1998 H, 5.5% 8/1/12

8,065

8,314

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Gen. Oblig.: - continued

Series 2000 A, 6.5% 5/15/11

$ 195

$ 212

Series 2002 A, 5.75% 8/1/14

5,000

5,449

Series 2002 B, 5.75% 8/1/15

3,500

3,815

Series 2002 C, 5.5% 8/1/13

10,500

11,379

Series 2003 A:

5.5% 8/1/14

3,205

3,498

5.5% 8/1/20 (MBIA Insured)

7,000

7,619

Series 2003 E, 5.25% 8/1/14

3,390

3,653

Series 2003 F:

5.5% 12/15/10

1,000

1,058

5.5% 12/15/11

3,700

3,962

Series 2003 J, 5.5% 6/1/20 (AMBAC Insured)

17,265

18,756

Series 2004 B, 5.25% 8/1/15

9,855

10,693

Series 2005 F, 5.25% 8/1/12

2,000

2,115

Series 2005 G:

5% 8/1/15

8,220

8,828

5.25% 8/1/16

9,010

9,887

5.625% 8/1/13 (MBIA Insured)

3,000

3,264

Series 2005 J, 5% 3/1/13

2,500

2,647

Series A:

5.25% 11/1/14 (MBIA Insured)

1,350

1,447

6.25% 8/1/08

1,000

1,014

Series B:

5.75% 8/1/14

3,000

3,270

6.5% 8/15/11

1,000

1,103

Series C, 5% 1/1/15

7,000

7,486

Series D, 5.25% 8/1/13

1,740

1,764

Series G, 5.25% 8/1/14 (AMBAC Insured)

1,635

1,737

Series H, 6% 8/1/17

345

350

Series I-1, 5% 4/1/17

7,215

7,746

Series J:

5.5% 6/1/18 (MBIA Insured)

5,000

5,454

5.5% 6/1/19

2,395

2,595

6.125% 8/1/12

60

61

Subseries 2005 F1, 5.25% 9/1/14

3,000

3,258

New York City Health & Hosp. Corp. Rev. Series A:

5.5% 2/15/16 (FSA Insured)

2,605

2,803

5.5% 2/15/17 (FSA Insured)

3,000

3,228

5.5% 2/15/18 (FSA Insured)

2,500

2,688

5.5% 2/15/19 (FSA Insured)

1,250

1,343

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Indl. Dev. Agcy. Civic Facility Rev.:

(New York Univ. Proj.) Series 2001, 5.375% 7/1/15 (AMBAC Insured)

$ 500

$ 533

(Spence School, Inc. Proj.) 5% 7/1/27

3,255

3,384

New York City Indl. Dev. Agcy. Indl. Dev. Rev. (Japan Airlines Co. Ltd. Proj.) Series 1991, 6% 11/1/15 (FSA Insured) (c)

1,915

1,938

New York City Indl. Dev. Agcy. Spl. Facilities Rev. (Terminal One Group Assoc. Proj.) 5% 1/1/08 (c)

3,735

3,757

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:

Series 07AA, 4.75% 6/15/37

2,500

2,563

Series 2001 C, 5.125% 6/15/33

3,960

4,156

Series 2002 A, 5.125% 6/15/34 (FSA Insured)

16,500

17,327

Series 2005 D, 5% 6/15/37

16,090

16,899

Series A:

5% 6/15/32

5,000

5,153

5.125% 6/15/34 (MBIA Insured)

4,200

4,411

5.25% 6/15/33 (Pre-Refunded to 6/15/11
@ 100) (d)

1,280

1,359

5.375% 6/15/15 (FGIC Insured)

7,000

7,565

Series B, 5.375% 6/15/07 (Escrowed to Maturity) (d)

145

145

Series D:

5% 6/15/38

14,250

14,967

5% 6/15/39

2,800

2,939

5% 6/15/39 (AMBAC Insured)

3,755

3,952

Series E:

5% 6/15/34

2,000

2,081

5% 6/15/38

2,975

3,092

Series G:

5.125% 6/15/32

3,000

3,123

5.125% 6/15/32 (FGIC Insured)

4,750

4,956

New York City Transitional Fin. Auth. Rev.:

Series 2002 A, 5.375% 11/15/21

1,100

1,181

Series 2003 D:

5% 2/1/31

20,025

20,896

5.25% 2/1/17 (MBIA Insured)

9,385

10,081

5.25% 2/1/19 (MBIA Insured)

8,075

8,631

Series 2003 E:

5.25% 2/1/15 (FGIC Insured)

7,250

7,811

5.25% 2/1/17 (FGIC Insured)

5,975

6,418

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York City Transitional Fin. Auth. Rev.: - continued

Series 2004 C:

5% 2/1/33 (FGIC Insured)

$ 7,350

$ 7,740

5.25% 2/1/14

6,000

6,524

Series 2007 B:

5% 11/1/15

3,000

3,257

5% 11/1/16

7,500

8,180

Series 2007 S1, 5% 7/15/36 (FGIC Insured)

3,000

3,192

Series A:

5.375% 11/15/21 (Pre-Refunded to 11/15/12
@ 100) (d)

2,750

2,989

5.5% 11/15/17 (FGIC Insured)

6,725

7,291

5.5% 11/15/20 (Pre-Refunded to 11/15/12
@ 100) (d)

3,800

4,153

Series B:

5% 8/1/32

5,000

5,231

5.25% 8/1/19

3,000

3,236

5.375% 2/1/15

3,000

3,236

Series C, 5.375% 2/1/17

1,000

1,063

Series D, 5.25% 2/1/20 (MBIA Insured)

5,000

5,349

5.75% 2/15/16 (Pre-Refunded to 2/15/10
@ 101) (d)

85

91

New York City Trust Cultural Resources Rev. (Museum of Modern Art Proj.) Series 2001 D, 5.125% 7/1/31 (AMBAC Insured)

3,200

3,363

New York Convention Ctr. Dev. Corp. Rev. 5% 11/15/44 (AMBAC Insured)

48,000

50,380

New York Dorm. Auth. Revs.:

(Champlain Valley Physicians Proj.):

6% 7/1/09 (Escrowed to Maturity) (d)

370

388

6% 7/1/10 (Escrowed to Maturity) (d)

250

268

(City Univ. Sys. Consolidation Proj.):

Series A:

5.75% 7/1/13

6,000

6,482

5.75% 7/1/13 (AMBAC Insured)

3,000

3,248

Series C, 7.5% 7/1/10

4,995

5,267

(Colgate Univ. Proj.):

6% 7/1/16 (MBIA Insured)

1,900

2,157

6% 7/1/21 (MBIA Insured)

2,500

2,975

(Court Facilities Lease Proj.) Series A, 5.5% 5/15/21 (AMBAC Insured)

10,000

11,575

(Jewish Med. Ctr. Proj.) 5% 7/1/18 (MBIA Insured)

8,000

8,180

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Dorm. Auth. Revs.: - continued

(Mental Health Proj.) Series 2007 A, 5.75% 8/15/11

$ 25

$ 26

(Montefiore Med. Ctr. Proj.) Series 2000:

5.8% 8/1/30

2,820

2,995

5.85% 8/1/40

9,500

10,107

(New York & Presbyterian Hosp. Proj.) 4.4% 8/1/13 (AMBAC Insured)

185

185

(New York City Gen. Oblig. Proj.):

Series A, 5.5% 5/15/28 (AMBAC Insured)

2,700

3,212

Series B, 6% 7/1/14

2,635

2,850

(New York Univ. Hosp. Ctr. Proj.) Series A:

5% 7/1/13

1,630

1,691

5% 7/1/14

2,510

2,609

(New York Univ. Proj.):

Series 1, 5.5% 7/1/40 (AMBAC Insured)

3,000

3,570

Series 2:

5.5% 7/1/17 (AMBAC Insured)

755

805

5.5% 7/1/19 (AMBAC Insured)

1,705

1,814

5.5% 7/1/20 (AMBAC Insured)

860

915

Series A:

5.75% 7/1/15 (MBIA Insured)

2,295

2,612

5.75% 7/1/27 (MBIA Insured)

11,000

13,243

(North Shore Univ. Hosp. Proj.) 5.5% 11/1/14 (MBIA Insured)

1,500

1,673

(School District Fing. Prog.):

Series 2002 D, 5.5% 10/1/17 (MBIA Insured)

10,825

11,745

Series 2002 E, 5.75% 10/1/22 (MBIA Insured)

1,485

1,625

Series 2002 H, 5.5% 10/1/17 (MBIA Insured)

2,600

2,821

Series 2002 I, 5.75% 10/1/18 (MBIA Insured)

500

549

(State Univ. Edl. Facilities Proj.):

Series A, 5.25% 5/15/15 (MBIA Insured)

8,855

9,677

Series B, 7.5% 5/15/11

1,550

1,687

(The Jamaica Hosp. Proj.) Series F:

5.1% 2/15/12 (Pre-Refunded to 2/15/08
@ 101.5) (d)

3,605

3,700

5.2% 2/15/13 (Pre-Refunded to 2/15/08
@ 101.5) (d)

6,585

6,763

(Upstate Cmnty. Colleges Proj.) Series B, 5.5% 7/1/22 (FGIC Insured)

10,090

11,735

(Winthrop-South Nassau Univ. Health Sys. Oblig. Group Proj.) Series A:

6% 7/1/14

1,095

1,189

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Dorm. Auth. Revs.: - continued

6% 7/1/15

$ 1,160

$ 1,256

6% 7/1/16

1,230

1,328

(Yeshiva Univ. Proj.) Series 2001:

5.375% 7/1/14 (AMBAC Insured)

500

533

5.375% 7/1/16 (AMBAC Insured)

670

714

5.375% 7/1/17 (AMBAC Insured)

370

394

Series 1990 B, 7.5% 5/15/11 (Pre-Refunded to 5/15/10 @ 100) (d)

1,135

1,234

Series 2000 C, 5.75% 5/15/17 (FSA Insured)

3,000

3,471

Series 2002 A, 5.75% 10/1/17 (MBIA Insured)

30,260

33,229

Series 2002 B:

6% 10/1/22 (MBIA Insured)

2,775

3,064

6% 10/1/29 (MBIA Insured)

5,600

6,154

Series 2005 B:

5.25% 7/1/20 (MBIA Insured)

3,345

3,648

5.25% 7/1/21 (MBIA Insured)

1,745

1,899

5.25% 7/1/22 (MBIA Insured)

1,835

1,993

Series A:

5% 7/1/08

1,000

1,009

5% 7/1/11

1,365

1,400

5% 7/1/12

1,530

1,575

5% 7/1/18

3,000

3,236

5% 7/1/39

16,505

17,383

5.5% 5/15/20 (AMBAC Insured)

13,000

14,980

Series B:

5.25%, tender 5/15/12 (b)

10,400

11,055

6%, tender 5/15/12 (b)

11,000

12,041

5% 7/1/10

1,000

1,021

New York Metropolitan Transit Auth. Rev.:

Series A:

5.5% 11/15/15 (AMBAC Insured)

1,340

1,460

5.5% 11/15/16 (AMBAC Insured)

1,000

1,090

5.5% 11/15/17 (AMBAC Insured)

1,000

1,090

5.5% 11/15/18 (AMBAC Insured)

1,700

1,852

5.5% 11/15/18 (AMBAC Insured)

2,000

2,295

5.5% 11/15/19 (FGIC Insured)

5,000

5,760

5.5% 11/15/20 (FSA Insured)

8,635

9,988

5.75% 11/15/32

10,000

10,871

Series B:

5% 11/15/35 (MBIA Insured)

3,300

3,490

5.25% 11/15/18 (FGIC Insured)

4,000

4,321

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York Metropolitan Transit Auth. Rev.: - continued

Series B:

5.25% 11/15/18 (MBIA Insured)

$ 7,000

$ 7,871

Series E, 5.5% 11/15/21 (MBIA Insured)

2,200

2,394

New York State Dorm. Auth. Lease Rev. Series 2003 B, 5.25%, tender 7/1/13 (XL Cap. Assurance, Inc. Insured) (b)

10,000

10,767

New York State Dorm. Auth. Revs. (Ref. Ed. Proj.)
Series B, 5.5% 3/15/22 (AMBAC Insured)

7,025

8,154

New York State Envir. Facilities Corp. Clean Wtr. & Drinking Wtr. Rev.:

(New York City Muni. Wtr. Fin. Auth. Proj.):

Series B, 5.25% 6/15/16

500

535

Series C:

5.25% 7/15/16

2,340

2,509

5.25% 7/15/17

2,410

2,579

Series D:

5% 6/15/20

20,150

21,226

5.125% 6/15/31

6,900

7,249

5.375% 6/15/19

5,250

5,628

Series G, 5.25% 10/15/20

1,255

1,325

(New York City Muni. Wtr. Fin. Proj.) 5% 6/15/34

4,825

5,078

(Pooled Fing. Prog.):

Series F:

5.25% 11/15/15

2,595

2,799

5.25% 11/15/16

3,770

4,056

Series I:

5.25% 9/15/15

2,085

2,244

5.25% 9/15/17

2,395

2,568

Series 2004 D, 5% 2/15/34

12,150

12,801

Series B:

5.5% 10/15/20

3,805

4,420

5.5% 10/15/21

3,985

4,636

Series C:

5% 6/15/19

815

834

5.25% 6/15/16

3,500

3,703

Series F:

4.875% 6/15/18

1,735

1,773

4.875% 6/15/20

2,175

2,220

5% 6/15/15

1,295

1,326

5.25% 6/15/13

1,575

1,618

Series I, 5% 6/15/24

2,000

2,102

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

New York State Envir. Facilities Corp. State Wtr. Poll. Cont. Revolving Fund Rev.:

(New York City Muni. Wtr. Fin. Auth. Proj.):

Series A, 7% 6/15/12

$ 190

$ 190

Series C, 5.85% 7/15/15

30

30

Series E, 6.5% 6/15/14

130

130

(Pooled Ln. Prog.) Series B, 5.2% 5/15/14

1,115

1,220

Series B, 5.2% 5/15/14 (Escrowed to Maturity) (d)

1,105

1,172

New York State Hsg. Fin. Agcy. Personal Income Tax Rev. (Econ. Dev. & Hsg. Proj.) Series A:

5.25% 9/15/16 (MBIA Insured)

1,780

1,931

5.25% 9/15/20 (Pre-Refunded to 3/15/13
@ 100) (d)

2,685

2,910

5.25% 3/15/21 (Pre-Refunded to 3/15/13
@ 100) (d)

2,230

2,417

New York State Pwr. Auth. & Gen. Purp. Rev.:

Series A, 5.25% 11/15/40

25,860

26,976

Series W, 6.5% 1/1/08 (Escrowed to Maturity) (d)

20

20

New York State Thruway Auth. Gen. Rev.:

Series 2005 G, 5.25% 1/1/27 (FSA Insured)

4,370

4,753

Series G, 5% 1/1/32 (FSA Insured)

2,800

2,957

New York State Thruway Auth. Svc. Contract Rev.:

5.5% 4/1/14

10,700

11,527

5.5% 4/1/15

6,200

6,679

6% 4/1/11

1,605

1,640

New York State Urban Dev. Corp. Correctional Youth Facilities Svc. Series A:

5.5% 1/1/17 (Pre-Refunded to 1/1/11 @ 100) (d)

145

154

5.5%, tender 1/1/11 (b)

1,880

1,986

New York State Urban Dev. Corp. Rev.:

(State Facilities and Equip. Proj.) Series 2004 A2:

5.5% 3/15/19 (MBIA Insured)

1,230

1,409

5.5% 3/15/22 (MBIA Insured)

5,000

5,804

Series 2004 A2, 5.5% 3/15/21 (MBIA Insured)

23,000

26,590

New York Thruway Auth. Hwy. & Bridge Trust Fund:

Series 2005 B, 5% 4/1/17 (FGIC Insured)

14,300

15,472

Series B, 5.5% 4/1/20 (AMBAC Insured)

25,400

29,240

Niagara Falls City Niagara County Pub. Impt.:

7.5% 3/1/08 (Escrowed to Maturity) (d)

85

88

7.5% 3/1/08 (MBIA Insured)

910

938

7.5% 3/1/10 (Escrowed to Maturity) (d)

95

105

7.5% 3/1/10 (MBIA Insured)

1,060

1,166

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Niagara Falls City Niagara County Pub. Impt.: - continued

7.5% 3/1/11 (Escrowed to Maturity) (d)

$ 105

$ 119

7.5% 3/1/11 (MBIA Insured)

1,140

1,291

7.5% 3/1/16 (Escrowed to Maturity) (d)

90

115

7.5% 3/1/16 (MBIA Insured)

970

1,226

7.5% 3/1/17 (Escrowed to Maturity) (d)

100

130

7.5% 3/1/17 (MBIA Insured)

1,100

1,419

Niagara Falls Pub. Wtr. Auth. 5.5% 7/15/34 (XL Cap. Assurance, Inc. Insured)

1,000

1,113

Oneida County Indl. Dev. Agcy. (Hamilton College Proj.) Series A:

0% 7/1/14 (MBIA Insured)

525

396

0% 7/1/15 (MBIA Insured)

750

542

Sales Tax Asset Receivables Corp. Series A, 5.25% 10/15/27 (AMBAC Insured)

4,055

4,398

Saratoga County Indl. Dev. Agcy. (The Saratoga Hosp. Proj.) Series A, 5% 12/1/10

1,095

1,125

Schenectady Indl. Dev. Agcy. Civic Facility Rev. (Union College Proj.) 5% 7/1/15

1,005

1,082

Suffolk County Indl. Dev. Agcy. Civic Facility Rev. (Huntington Hosp. Proj.) Series B, 6% 11/1/22

4,305

4,548

Taconic Hills Central School District at Craryville 5% 6/15/16 (FGIC Insured)

1,130

1,194

Tobacco Settlement Fing. Corp.:

Series A1:

5.25% 6/1/21 (AMBAC Insured)

3,255

3,469

5.25% 6/1/22 (AMBAC Insured)

5,300

5,642

5.5% 6/1/14

13,125

13,577

5.5% 6/1/15

6,700

7,026

5.5% 6/1/16

17,500

18,325

5.5% 6/1/17

7,000

7,418

5.5% 6/1/18 (MBIA Insured)

3,000

3,238

5.5% 6/1/19

2,700

2,926

Series B1:

5% 6/1/10

1,760

1,822

5% 6/1/11

1,525

1,594

Series C1:

5% 6/1/11

3,280

3,283

5.5% 6/1/14

3,000

3,100

5.5% 6/1/15

11,800

12,367

5.5% 6/1/16

10,000

10,613

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

New York - continued

Tobacco Settlement Fing. Corp.: - continued

Series C1:

5.5% 6/1/17

$ 5,700

$ 6,041

5.5% 6/1/18

3,800

4,078

5.5% 6/1/19

13,700

14,845

5.5% 6/1/20

16,000

17,301

5.5% 6/1/21

11,985

12,939

5.5% 6/1/22

9,700

10,456

Triborough Bridge & Tunnel Auth. Revs.:

(Convention Ctr. Proj.) Series E, 7.25% 1/1/10 (XL Cap. Assurance, Inc. Insured)

4,760

5,009

Series 2002 A, 5.25% 1/1/19

1,100

1,165

Series 2005 A, 5.125% 1/1/22

5,290

5,540

Series A:

5% 1/1/32

3,010

3,113

5% 1/1/32 (MBIA Insured)

1,455

1,514

Series B:

5.2% 1/1/27 (Pre-Refunded to 1/1/22 @ 100) (d)

2,000

2,279

5.2% 1/1/27 (Pre-Refunded to 1/1/22 @ 100) (d)

2,000

2,279

5.5% 1/1/30 (Pre-Refunded to 1/1/22 @ 100) (d)

5,015

5,797

Series Q, 6.75% 1/1/09 (Escrowed to Maturity) (d)

630

650

Series Y:

5.5% 1/1/17 (Escrowed to Maturity) (d)

1,000

1,108

6.125% 1/1/21 (Escrowed to Maturity) (d)

3,200

3,880

1,403,480

New York & New Jersey - 2.6%

Port Auth. of New York & New Jersey:

124th Series, 5% 8/1/13 (FGIC Insured) (c)

3,000

3,066

126th Series, 5.25% 5/15/37 (FGIC Insured) (c)

3,970

4,180

128th Series, 5% 11/1/19 (FSA Insured)

7,200

7,647

134th Series, 5% 1/15/39

10,000

10,496

Series 85, 5.375% 3/1/28

6,205

7,124

Port Auth. of New York & New Jersey Spl. Oblig. Rev. (JFK Int'l. Air Term. Spl. Proj.) Series 6, 6.25% 12/1/15 (MBIA Insured) (c)

5,000

5,782

38,295

Puerto Rico - 0.7%

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev.:

Series 1998, 5.75% 7/1/22 (CIFG North America Insured)

3,000

3,303

Municipal Bonds - continued

Principal Amount (000s)

Value (000s)

Puerto Rico - continued

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev.: - continued

Series L, 5.25% 7/1/41 (CIFG North America Insured)

$ 2,385

$ 2,784

Puerto Rico Commonwealth Infrastructure Fing. Auth. Series C, 5.5% 7/1/27 (AMBAC Insured)

1,000

1,177

Puerto Rico Elec. Pwr. Auth. Pwr. Rev. Series QQ:

5.25% 7/1/13 (XL Cap. Assurance, Inc. Insured)

1,500

1,624

5.5% 7/1/16 (XL Cap. Assurance, Inc. Insured)

1,000

1,126

Puerto Rico Muni. Fin. Agcy. Series 2005 C, 5.25% 8/1/17 (FSA Insured)

1,000

1,118

11,132

TOTAL INVESTMENT PORTFOLIO - 97.9%

(Cost $1,430,561)

1,454,110

NET OTHER ASSETS - 2.1%

30,532

NET ASSETS - 100%

$ 1,484,642

Legend

(a) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(b) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(c) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(d) Security collateralized by an amount sufficient to pay interest and principal.

Income Tax Information

At April 30, 2007, the aggregate cost of investment securities for income tax purposes was $1,430,413,000. Net unrealized appreciation aggregated $23,697,000, of which $26,726,000 related to appreciated investment securities and $3,029,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of the close of business of the New York Stock Exchange, normally 4:00 p.m. Eastern time. Security transactions are accounted for as of trade date. Wherever possible, the fund uses independent pricing services approved by the Board of Trustees to value its investments. Debt securities, including restricted securities, for which quotes are readily available, are valued by independent pricing services or by dealers who make markets in such securities. Pricing services consider yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices. Swaps are marked-to-market daily based on dealer-supplied valuations. When current market prices or quotations are not readily available or do not accurately reflect fair value, valuations may be determined in accordance with procedures adopted by the Board of Trustees. The frequency of when fair value pricing is used is unpredictable. The value of securities used for NAV calculation under fair value pricing may differ from published prices for the same securities. Investments in open-end mutual funds are valued at their closing net asset value each business day. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value.

For additional information on the fund's policy regarding valuation of investments and other significant accounting policies, please refer to the fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR Corp. or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity New York Municipal Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity New York Municipal Trust

By:

/s/Kimberley Monasterio

Kimberley Monasterio

President and Treasurer

Date:

June 22, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/ Kimberley Monasterio

Kimberley Monasterio

President and Treasurer

Date:

June 22, 2007

By:

/s/Joseph B. Hollis

Joseph B. Hollis

Chief Financial Officer

Date:

June 22, 2007