The Eaton Vance New York Municipal Income Trust functions as a non-diversified, closed-end investment vehicle. Its central aim is to deliver current income that is exempt from both regular federal income tax and New York state taxes. The fund primarily channels its investments into debt instruments issued by municipalities across New York. Its diverse portfolio encompasses various sectors, including power generation (cogeneration, electric utilities), infrastructure (toll roads, water and sewer, transportation), public services (hospitals, housing, student loans), and other areas such as industrial development revenue, special tax bonds, real estate, and senior living/life care, including escrowed/prerefunded obligations. Furthermore, the Trust may utilize residual interest bonds, also known as inverse floating rate securities. This strategy involves selling a fixed or variable rate bond to a Special-Purpose Vehicle (SPV) for cash, while simultaneously acquiring a claim on the SPV's remaining assets and income streams. Eaton Vance Management provides investment advisory services to this Trust.