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:__811-21124______

_______BlackRock New York Municipal Income Trust II_______
(Exact name of registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE    19809 
(Address of principal executive offices) 
 
(Zip code) 

Robert S. Kapito, President

BlackRock New York Municipal Income Trust II

_______40 East 52nd Street, New York, NY 10022_______
(Name and address of agent for service)

Registrant's telephone number, including area code:_888-825-2257__________________

Date of fiscal year end:___August 31, 2005

Date of reporting period:__May 31, 2005_________________________________

Item 1. Schedule of Investments.

The registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:


PORTFOLIO OF INVESTMENTS
MAY 31, 2005 (Unaudited)
BlackRock New York Municipal Income Trust II (BFY)

  Principal        
    Amount     Option Call    
Rating1   (000)   Description Provisions2   Value  
      LONG-TERM INVESTMENTS—158.7%      
        Multi-State—5.7%      
        Charter Mac Equity Issuer Trust,      
A3   $ 500 3       Ser. A, 5.75%, 4/30/15 No Opt. Call   $     525,405  
A3   1,000 3       Ser. A, 6.00%, 4/30/19 No Opt. Call   1,067,190  
Baa1   1,500 3       Ser. B, 6.00%, 4/30/15 No Opt. Call   1,575,330  
Baa1   1,000 3       Ser. B, 6.30%, 4/30/19 No Opt. Call   1,062,970  
              4,230,895  
        New York—138.0%      
        Albany Indl. Dev. Agcy., New Covenant Charter Sch. Proj., Ser. A,      
NR   345         7.00%, 5/01/25 05/15 @ 102   343,189  
NR   220         7.00%, 5/01/35 05/15 @ 102   215,380  
NR   1,750   Clarence Indl. Dev. Agcy., Civic Fac. Rev., Bristol Vlg. Proj., 6.00%, 1/20/44 01/13 @ 102   1,914,762  
        Dorm. Auth.,      
AAA   2,500         Brooklyn Law School Proj., Ser. B, 5.125%, 7/01/30, XLCA 07/13 @ 100   2,658,700  
AA   960         Insured Rochester Gen. Hosp. Proj., 5.00%, 12/01/25, RAA 12/15 @ 100   1,016,275  
AA   2,000         Insured Rochester Gen. Hosp. Proj., 5.00%, 12/01/35, RAA 12/15 @ 100   2,084,620  
Aa3   2,000         Kateri Residence Proj., 5.00%, 7/01/22 07/13 @ 100   2,090,460  
AA   5,000         Memorial Sloan Kettering Ctr. Proj., Ser. 1, 5.00%, 7/01/34 07/13 @ 100   5,184,700  
AA   2,000         Mount St. Mary Coll. Proj., 5.00%, 7/01/32, RAA 07/13 @ 100   2,082,140  
AAA   2,425         New York Univ. Proj., 5.00%, 7/01/31, MBIA 07/11 @ 100   2,528,038  
AAA   2,500 4       St. Barnabas Proj., Ser. A, 5.00%, 2/01/31, AMBAC 08/12 @ 100   2,606,750  
AA   4,000   Dutchess Cnty. Ind. Dev. Agcy., Civic Facs. Rev., Vassar Coll. Proj., 5.35%, 9/01/40 08/11 @ 101   4,305,240  
A+   5,500   Energy Res. & Dev. Auth., Facs. Rev., 4.70%, 6/01/36 10/05 @ 100   5,512,265  
BBB   625   Essex Cnty. Indl. Dev. Agcy., Sld. Wst. Disp. Rev., Intl. Paper Co. Proj., Ser. A,
      5.50%, 10/01/26		 10/12 @ 100   642,388  
A   3,250   Geneva Indl. Dev. Agcy., Civic Fac. Rev., Hobart & William Smith Proj., Ser. A,
      5.375%, 2/01/33		 02/13 @ 100   3,480,165  
BBB-   385   Herkimer Cnty. Indl. Dev. Agcy., Civic Fac. Rev., Coll. Fndtn., Inc. Student Hsg. Proj.,
      6.25%, 8/01/34		 08/13 @ 100   403,230  
AAA   3,515   Long Island Pwr. Auth., Elec. Sys. Rev., Ser. A, Zero Coupon, 6/01/28, FSA No Opt. Call   1,224,204  
        Met. Transp. Auth., Ser. A,      
AAA   2,000         5.25%, 11/15/31, FGIC 11/12 @ 100   2,146,320  
AA-   5,000         Ded. Tax Fund, 5.00%, 11/15/30 11/12 @ 100   5,195,150  
AA-   5,000         Svc. Contract Rev., 5.125%, 1/01/29 07/12 @ 100   5,277,350  
A+   2,500   New York, Ser. O, 5.00%, 6/01/30 06/15 @ 100   2,634,725  
A+   5,000   New York City, GO, Ser. B, 5.75%, 12/01/22 12/11 @ 100   5,590,000  
        New York City Indl. Dev. Agcy., Ser. A,      
AA+   1,000         Eger Harbor Proj., 4.95%, 11/20/32 11/12 @ 101   1,045,780  
AA+   1,000         Eger Harbor Proj., 5.875%, 5/20/44 11/12 @ 105   1,138,820  
A   1,500         Lycee Francais De Proj., 5.375%, 6/01/23, ACA 12/12 @ 100   1,568,145  
        New York City Mun. Wtr. Fin. Auth.,      
AA+   5,000         Ser. A, 5.125%, 6/15/34 06/12 @ 100   5,269,700  
AA+   2,500         Wtr. & Swr. Sys. Rev., Ser. D, 5.00%, 6/15/38 06/15 @ 100   2,643,450  
AAA   5,000 5 New York City Trans. Auth., Met. Transp. Auth., Triborough Brdg. & Tunl. Auth.,
COP, Ser. A,		      
              5.25%, 1/01/29, AMBAC N/A   5,516,850  
AAA   5,000   New York City Trans. Fin. Auth., Ser. B, 5.00%, 11/01/27 11/12 @ 100   5,258,800  
BBB   2,535   New York Cntys. Tobacco Trust III, 6.00%, 6/01/43 06/13 @ 100   2,621,215  
NR   3,675   Port Auth. of NY & NJ, Contl./Eastn. LaGuardia Proj., 9.125%, 12/01/15 07/05 @ 100   3,690,913  
AAA   1,000   Sales Tax Asset Receivable Corp., Ser. A, 5.00%, 10/15/32, AMBAC 10/14 @ 100   1,068,570  
A   2,500   Suffolk Cnty. Indl. Dev. Agcy., Keyspan Port Jefferson Proj., 5.25%, 6/01/27 06/13 @ 100   2,617,900  
AA   1,000   Triborough Brdg. & Tunl. Auth., Ser. A, 5.00%, 1/01/32 01/12 @ 100   1,041,450  
BBB   9,000   TSASC, Inc., Tobacco Settlement Rev., Ser. 1, 5.75%, 7/15/32 07/12 @ 100   9,182,880  
              101,800,524  
        Puerto Rico—15.0%      
BBB   1,400   Children’s Trust Fund, Tobacco Settlement Rev., 5.625%, 5/15/43 05/12 @ 100   1,408,204  
        Hwy. & Transp. Auth.,      
A-   1,850         5.00%, 7/01/28 07/13 @ 100   1,937,523  
A   2,000         Ser. D, 5.375%, 7/01/36 07/12 @ 100   2,155,220  
A   1,000         Ser. G, 5.00%, 7/01/42 07/13 @ 100   1,036,260  
A-   4,315   Public Impvt., Ser. A, 5.00%, 7/01/34 07/14 @ 100   4,503,609  
              11,040,816  
        Total Long-Term Investments (cost $111,838,478)     117,072,235  

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BlackRock New York Municipal Income Trust II (BFY) (continued)

  Principal        
    Amount          
Rating1   (000)   Description     Value  
      SHORT-TERM INVESTMENTS—7.7%      
        New York—7.7%      
        New York City, GO,      
A1+   $3,375 6       Ser. H, 2.93%, 6/01/05, MBIA, FRDD     $    3,375,000  
A-1   2,300 6       Ser. H-7, 2.94%, 6/01/05, FRDD     2,300,000  
        Total Short-Term Investments (cost $5,675,000)     5,675,000  
        Total Investments—166.4% (cost $117,513,4787)     $122,747,235  
        Liabilities in excess of other assets—(5.9)%     (4,312,790)  
        Preferred shares at redemption value, including dividends payable—(60.5)%     (44,664,757 )
        Net Assets Applicable to Common Shareholders—100%     $  73,769,688  

1 Using the higher of S&P’s, Moody’s or Fitch’s rating.
2 Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates.
3 Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of May 31, 2005, the Trust held 5.7% of it nets assets, with a current market value of $4,230,895, in securities restricted as to resale.
4 Securities, or a portion thereof, pledged as collateral with a value of $625,620 on 340 short U.S. Treasury Note futures contracts expiring Sept. 2005. The value of such contracts on May 31, 2005 was $38,510,313, with an unrealized loss of $414,965.
5 This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par.
6 For purposes of amortized cost valuation, the maturity date of this instrument is considered to be the earlier of the next date on which the security can be redeemed at par, or the next date on which the rate of interest is adjusted. Rate shown is as of May 31, 2005.
7 Cost for Federal income purposes is $117,510,733. The net unrealized appreciation on a tax basis is $5,236,502 consisting of $5,238,062 gross unrealized appreciation and $1,560 gross unrealized depreciation.

KEY TO ABBREVIATIONS
 
ACA — American Capital Access FSA — Financial Security Assurance
AMBAC — American Municipal Bond Assurance Corporation GO — General Obligation
COP — Certificate of Participation MBIA — Municipal Bond Insurance Association
FGIC — Financial Guaranty Insurance Company RAA — Radian Asset Assurance
FRDD — Floating Rate Daily Demand XLCA — XL Capital Assurance

2

Item 2. Controls and Procedures.

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures are effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications of the registrant’s principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-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.

(Registrant)___BlackRock New York Municipal Income Trust II___

By: __/s/ Henry Gabbay_____________________________________________
Name: Henry Gabbay
Title: Treasurer
Date: July 22, 2005

      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/ Robert S. Kapito_____________________________________________
Name: Robert S. Kapito
Title: Principal Executive Officer
Date: July 22, 2005

By: __/s/ Henry Gabbay_____________________________________________
Name: Henry Gabbay
Title: Principal Financial Officer
Date: July 22, 2005