0000719712
2018-05-14
2018-05-14
0000719712
PTEIX:S000006345Member
2018-05-14
2018-05-14
0000719712
PTEIX:S000006345Member
PTEIX:C000202782Member
2018-05-14
2018-05-14
iso4217:USD
xbrli:pure
497
2018-05-18
PUTNAM NEW YORK TAX EXEMPT INCOME TRUST
0000719712
false
PTEIX
2018-05-14
2018-05-18
2018-03-30
<b>Shareholder fees </b><i>(fees paid directly from your investment)
<b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment)
<b>Example</b>
0
0
0.0043
0.0052
The following hypothetical example is intended to help
you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in
the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes
a 5% return on your investment each year and that the fund’s operating expenses remain the same.
Your actual costs may be higher or lower.
<div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PTEIX_S000006345Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PTEIX_S000006345Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
653
291
167
53
<div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PTEIX_S000006345Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Other expenses are based on expenses of class A shares for the fund's last fiscal year, restated to reflect the lower investor
servicing fees applicable to class R6 shares.
<p style="margin: 0"></p>
<p style="color: rgb(0, 0, 0); font: 400 14pt " letter-spacing: normal; word-spacing: 0px; text-indent: 0px"> </p>
<p> </p>
<table cellspacing="0" border="0" style="width: 95%">
<tr style="vertical-align: bottom">
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 14pt Arial, Helvetica, Sans-Serif">Prospectus Supplement </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: right"><font style="font: 12pt Arial, Helvetica, Sans-Serif"><i>May 18, 2018 </i></font><i> </i></td></tr>
<tr>
<td colspan="2"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><b>Putnam New York Tax Exempt Income Fund   </b></font> </td>
<td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Prospectus dated March 30, 2018</font> </td>
<td style="text-align: left"> </td></tr>
</table>
<p style="margin: 0"> </p>
<p style="margin: 0; font: 10pt Arial, Helvetica, Sans-Serif">Beginning on May 21, 2018, the fund will offer class R6 shares to:</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">• employer-sponsored retirement plans that are clients
of third-party administrators (including affiliates of Putnam) that have entered into agreements with Putnam;</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">• investors purchasing shares through an asset-based
fee program that is sponsored by a registered broker-dealer or other financial institution;</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">• investors purchasing shares through a commission-based
platform of a registered broker-dealer or other financial institution that charges the shareholder additional fees or commissions,
other than those described in the prospectus and statement of additional information, and that has entered into an agreement with
Putnam Retail Management to offer class R6 shares through such a program;</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">• corporations, endowments, foundations and other
institutional investors that have been approved by Putnam; and</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">• unaffiliated investment companies (whether registered
or private) that have been approved by Putnam.</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">The prospectus is supplemented as follows to add information
about class R6 shares.</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">The front cover page is supplemented to add class R6 shares
to the list of shares to which the prospectus relates, and to indicate that the fund’s symbol for class R6 shares is PNYRX.</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">The following information is added to similar disclosure for
the fund under <i>Fund summary — Fees and expenses:</i></p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif"><b>Shareholder fees </b><i>(fees paid directly from
your investment)</i></p>
<table cellspacing="0" border="0" style="width: 95%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1px solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid; width: 34%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Share class</b></font></td>
<td style="border-bottom: Black 1px solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid; width: 33%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Maximum
sales charge (load) imposed on purchases (as a percentage of offering price)</b></font> </td>
<td style="border-bottom: Black 1px solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid; width: 33%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Maximum
deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)</b></font></td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Class R6</font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">NONE </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">NONE </font> </td></tr>
</table>
<p style="margin: 0"> </p>
<p style="margin: 0; font: 10pt Arial, Helvetica, Sans-Serif"><b>Annual fund operating expenses</b><br />
<i>(expenses you pay each year as a percentage of the value of your investment)</i></p>
<p style="margin: 0"><br />
</p>
<table cellspacing="0" border="0" style="width: 95%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1px solid; text-align: left; border-top: Black 1pt solid; width: 20%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Share
class </b></font></td>
<td style="border-bottom: Black 1px solid; text-align: left; border-top: Black 1pt solid; width: 20%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Management
fees</b></font></td>
<td style="border-bottom: Black 1px solid; text-align: left; border-top: Black 1pt solid; width: 20%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Distribution and service (12b-1) fees </b></font></td>
<td style="border-bottom: Black 1px solid; text-align: left; border-top: Black 1pt solid; width: 20%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Other expenses </b></font></td>
<td style="border-bottom: Black 1px solid; text-align: left; border-top: Black 1pt solid; width: 20%"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Total annual fund operating expenses</b></font></td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Class R6 </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">0.43% </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">N/A </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">0.09%= </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">0.52% </font> </td></tr>
</table>
<p style="margin: 0"> </p>
<p style="margin: 0; font: 7.5pt Arial, Helvetica, Sans-Serif">= Other expenses are based on expenses of class A shares for the
fund’s last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.</p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif"><b><br />
<br />
Example</b></p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">The following hypothetical example is intended to help
you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in
the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes
a 5% return on your investment each year</p>
<p> <br />
</p>
<img border="0" src="sumlogo.jpg" alt="sumlogo.jpg" />
<p style="margin: 0"> </p>
<hr align="center" size="2" style="width: 100%; font: normal 400 medium " color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px" />
<p style="color: rgb(0, 0, 0); font: 400 14pt " letter-spacing: normal; word-spacing: 0px; text-indent: 0px"><a name="page_2"></a> </p>
<p style="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif">and that the fund’s operating expenses remain the same.
Your actual costs may be higher or lower.</p>
<table cellspacing="0" border="0" style="width: 95%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1px solid; text-align: left; width: 18%; border-top: Black 1pt solid"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>Share class </b></font> </td>
<td style="border-bottom: Black 1px solid; text-align: left; width: 19%; border-top: Black 1pt solid"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>1 year </b></font> </td>
<td style="border-bottom: Black 1px solid; text-align: left; width: 25%; border-top: Black 1pt solid"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>3 years </b></font> </td>
<td style="border-bottom: Black 1px solid; text-align: left; width: 22%; border-top: Black 1pt solid"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>5 years </b></font> </td>
<td style="border-bottom: Black 1px solid; text-align: left; width: 16%; border-top: Black 1pt solid"><font style="font: 7.5pt Arial, Helvetica, Sans-Serif"><b>10 years </b></font> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Class R6 </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">$53 </font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">$167</font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">$291</font> </td>
<td style="border-bottom: rgb(0, 0, 0) 1px solid; text-align: left"><font style="font: 10pt Arial, Helvetica, Sans-Serif">$653</font> </td></tr>
</table>
<p style="margin: 0"> </p>
Other expenses are based on expenses of class A shares for the fund's last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares