UNITED STATES   
  SECURITIES AND EXCHANGE COMMISSION    OMB APPROVAL 
  Washington, DC 20549         OMB Number: 3235-0578 
           Expires: February 28, 2006 
 
FORM N-Q 
       Estimated average burden 
 
       hours per response: 20.0 
     

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-21078

Registrant Name: PIMCO New York Municipal Income Fund II

Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105

Name and Address of Agent for Service: Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105

Registrant’s telephone number, including area code: 212-739-3371

Date of Fiscal Year End: 5/31/06

Date of Reporting Period: 8/31/05

Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1 -5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments



PIMCO New York Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)

Principal      
Amount   Credit Rating    
(000)
  (Moody's/S&P) Value*   
 
NEW YORK MUNICIPAL BONDS & NOTES—82.5%     
 
Buffalo Municipal Water Finance Auth., Water System Rev. Ser. B (FSA), 
   
$250        5.00%, 7/1/27  Aaa/AAA $265,393   
1,000        5.125%, 7/1/32  Aaa/AAA 1,062,830   
5,000   City of New York, GO, 5.00%, 6/1/33, Ser. O 
A1/A+
5,267,550   
2,130   City of Yonkers, GO, 5.00%, 8/1/35, Ser. B (MBIA)  Aaa/AAA 2,282,870   
10,000   Erie Cnty. Tobacco Asset Securitization Corp. Rev.,     
       6.50%, 7/15/32 (Pre-refunded @ %101, 7/15/10) (a) 
Ba1/AAA
11,568,900   
  Metropolitan Transportation Auth. Rev.,     
1,850        5.00%, 11/15/30, Ser. A (FSA)  Aaa/AAA 1,951,510   
10,000        5.25%, 11/15/31, Ser. E 
A2/A
10,773,900   
7,000   Metropolitan Transportation Auth. Service 
   
       Contract Rev., 5.35%, 7/1/31, Ser. B 
A2/AAA
7,580,440   
4,000   New York City, GO, 5.00%, 3/1/33, Ser. I 
A1/A+
4,185,400   
  New York City Health & Hospital Corp. Rev., Ser. A,     
1,100        5.375%, 2/15/26 
A2/BBB+
1,157,673   
2,000        5.45%, 2/15/26 
A2/BBB+
2,123,540   
  New York City Industrial Dev. Agcy., Civic Fac. Rev.,     
1,500        Staten Island Univ. Hospital, 5.00%, 7/1/27 
Aa2/NR
1,617,405   
1,235        United Jewish Appeal Fed., 6.45%, 7/1/32 
B2/NR
1,263,170   
1,000   New York City Industrial Dev. Agcy. Rev., Eger Harbor,     
       4.95%, 11/20/32 (GNMA)  NR/AA+ 1,051,650   
3,055   New York City Municipal Water Finance Auth.,     
       Water & Sewer System Rev., 4.75%, 6/15/25, Ser. D (MBIA-IBC)  Aaa/AAA 3,122,546   
10,000   New York City Transitional Finance Auth. Rev.,     
       5.00%, 11/1/27, Ser. B 
Aa1/AAA
10,622,600   
3,600   Port Auth. of New York & New Jersey Rev.,     
       5.00%, 4/15/32, Ser. 125 (FSA)  Aaa/AAA 3,826,188   
  Sachem Central School Dist. of Holbrook, GO (MBIA),     
3,445        5.00%, 6/15/28  Aaa/AAA 3,692,075   
2,895        5.00%, 6/15/29  Aaa/AAA 3,098,634   
7,500   State Dormitory Auth. Lease Rev., State Univ.     
       Dormitory Facs., 5.00%, 7/1/32 (Pre-refunded @ $100, 7/1/12) (a) 
A1/AA-
8,272,575   
  State Dormitory Auth. Rev.,     
2,600        Catholic Health of Long Island, 5.10%, 7/1/34  Baa1/BBB 2,697,032   
4,315        Court Facs. Lease, 5.50%, 5/15/32 (AMBAC)  Aaa/AAA 5,241,517   
2,000        Kaleida Health Hospital, 5.05%, 2/15/25 (FHA)  NR/AAA 2,146,180   
5,300        Lenox Hill Hospital, 5.50%, 7/1/30  Baa2/NR 5,550,849   
1,400        Long Island Univ., 5.25%, 9/1/28 (Radian)  Baa3/AA 1,481,396   
8,850        North General Hospital, 5.00%, 2/15/25  NR/AA- 9,275,154   
3,225        NY & Presbyterian Hospital Rev., 4.75%, 8/1/27 (AMBAC-FHA)  Aaa/AAA 3,295,692   
3,000        NYSARC, 5.00%, 7/1/34, Ser. A (FSA)  NR/AAA 3,203,760   
5,000        Saint Barnabas Hospital, 5.00%, 2/1/31, Ser. A (FHA-AMBAC)  Aaa/AAA 5,243,450   
1,500        Sloan-Kettering Center Memorial, 5.00%, 7/1/34, Ser. 1 
Aa2/AA
1,564,965   
8,600        State Personal Income Tax, 
   
             5.00%, 3/15/32 (Pre-refunded @ $100, 3/15/13)(a) 
A1/AA
9,500,764   
1,250        Student Housing Corp., 5.125%, 7/1/34 (FGIC)  Aaa/AAA 1,346,825   
4,270        Teachers College, 5.00%, 7/1/32 (MBIA)  Aaa/NR 4,498,957   
2,000        Yeshiva Univ., 5.125%, 7/1/34 (AMBAC)  Aaa/NR 2,154,920   

PIMCO New York Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)

Principal      
Amount   Credit Rating    
(0000)
  (Moody's/S&P) Value*   
 
$2,000   State Environmental Facs. Corp., State Clean     
       Water & Drinking Rev., 5.125%, 6/15/31  Aaa/AAA $2,132,260   
5,000   State Municipal Board Bank Agcy. Special School     
       Purpose Rev., 5.00%, 6/1/23, Ser. C  NR/A+ 5,271,700   
6,100   State Urban Dev. Corp. Personal Income Tax Rev.,     
       5.00%, 3/15/33, Ser. C-1 (Pre-refunded @ $100, 3/15/13)(a) 
A1/AA
6,738,914   
  Tobacco Settlement Asset Backed, Inc. Rev., Ser. 1,     
25,000        5.75%, 7/15/32  Baa3/BBB 26,477,000   
10,000        6.375%, 7/15/39  Baa3/BBB 10,627,600   
4,700   Triborough Bridge & Tunnel Auth. Rev., 5.00%,     
       1/1/32, Ser. A (FGIC-TCRS)  Aaa/AAA 4,935,799   
2,000   Warren & Washington Cnty. Industrial Dev. Agcy.     
       Fac. Rev., Glens Falls Hospital, 5.00%, 12/1/35, Ser. A (FSA)  Aaa/AAA 2,110,300   
750   Westchester Cnty. Industrial Dev. Agcy.     
 
     Continuing Care Retirement Rev., Kendal on Hudson, 6.50%, 1/1/34 
NR/NR 787,710   
 
 
  Total New York Municipal Bonds & Notes (cost—$187,157,656)  201,069,593   
 
 
OTHER MUNICIPAL BONDS & NOTES—5.1%     
  California—1.6%     
  Alameda Unified School Dist., Alameda Cnty., GO, Ser. A (FSA),     
3,500        zero coupon, 8/1/24  Aaa/AAA 1,500,835   
3,000        zero coupon, 8/1/25  Aaa/AAA 1,220,550   
3,130   Covina Valley Unified School Dist., GO,     
       zero coupon, 6/1/25, Ser. B (FGIC)  Aaa/AAA 1,283,050   
 
    4,004,435   
 
 
  Colorado—0.1%     
210   Dawson Ridge Dist. No. 1, GO, zero coupon, 10/1/22, Ser. A  Aaa/NR 99,238   
 
 
  Puerto Rico—3.4%     
5,675   Children's Trust Fund Tobacco Settlement Rev.,     
       5.625%, 5/15/43  Baa3/BBB 5,933,212   
1,500   Commonwealth Highway & Transportation Auth. Rev.,     
       5.25%, 7/1/38, Ser. D  Baa2/A 1,590,630   
750   Electric Power Auth. Power Rev., 5.125%, 7/1/29, Ser. NN 
A3/A-
796,815   
 
    8,320,657   
 
 
  Total Other Municipal Bonds & Notes (cost—$11,315,410)  12,424,330   
 
 
NEW YORK VARIABLE RATE NOTES (b)(c)(d)—9.3%     
6,994   Long Island Power Auth. Electric System Rev.,     
       12.84%, 12/1/26, Ser. 339 (MBIA-IBC)  Aaa/NR 8,566,181   
  New York City Municipal Water Finance Auth., Water & Sewer Syst. Rev.,     
1,250        10.599%, 6/15/32  NR/NR 1,479,000   
3,750        11.099%, 6/15/34  NR/NR 4,687,050   

PIMCO New York Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)

Principal      
Amount   Credit Rating   
(000)
  (Moody's/S&P)  Value*  
$1,950   New York City Trust for Cultural Resources Rev.,     
       10.585%, 2/1/34, (FGIC)  NR/NR  $2,415,075  
2,475   State Dormitory Authority Rev., 10.291%, 5/15/31 (AMBAC)  NR/AAA  4,062,911  
1,250   State Dormitory Authority Rev., Drivers,     
       11.697%, 6/1/13, Ser. 931 (Radian)  Aa3/NR  1,515,850  
 
  Total New York Variable Rate Notes (cost—$20,871,131)    22,726,067  
 
OTHER VARIABLE RATE NOTES (b)(c)(d)—1.9%     
  California—1.0%     
1,800   State Economic Recovery, GO, 15.495%, 1/1/10, Ser. 935 Aa3/NR 2,576,250  
 
  Puerto Rico—0.9%     
1,900   Public Finance Corp. Rev., 5.75%, 8/1/27, Ser. A  Baa3/BBB  2,107,594  
 
  Total Other Variable Rate Notes (cost—$4,412,748)    4,683,844  
 
NEW YORK VARIABLE RATE DEMAND NOTES (d)(e)—0.3%     
700   City of New York, GO, 2.30%, 9/1/05  VMIG1/A-1+  700,000  
100   New York City Transitional Finance Auth., GO, 2.25%, 9/1/05  VMIG1/A-1  100,000  
 
  Total New York Variable Rate Demand Notes (cost—$800,000)    800,000  
 
U.S. TREASURY BILLS (f)—1.0%     
2,505   2.92%-3.28%,9/1/05-9/15/05 (cost—$2,502,347)    2,502,119  
 
  Total Investments before options written (cost—$227,059,292)—100.1%    244,205,953  
 
OPTIONS WRITTEN (g)—(0.1)%     
Contracts        
  CALL OPTIONS—(0.1)%     
  U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,     
157        strike price $112, expires 11/22/05    (176,625 ) 
199        strike price $113, expires 11/22/05    (136,812 ) 
    (313,437 ) 
     
  PUT OPTIONS—(0.0)%     
  U.S. Treasury Notes 5 yr. Futures, Chicago Board of Trade,     
263        strike price $105.50, expires 11/22/05    (16,437 ) 
233        strike price $106, expires 11/22/05    (21,844 ) 
      (38,281 ) 
     
 
  Total Options Written (premiums received—$239,950)    (351,718 ) 
 
  Total Investments net of options written (cost-$226,819,342)—100.0%    $243,854,235  

Other Investments:
Futures contracts outstanding at August 31, 2005:
 
Notional
   
Unrealized
 
 
Amount
Expiration   
Appreciation
 

                         Type 

(000)
Date   
(Depreciation)
 
Long:
U.S. Treasury 5 Year Note
 $(23,300 ) 12/20/05    $269,406  
Short:
U.S. Treasury 20 Year Bond 
(18,600 ) 9/21/05    (326,203 ) 
U.S. Treasury 20 Year Bond 
(5,400 ) 12/20/05    (18,563 ) 
        $(75,360 ) 

*
Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not readily available or if a development/event occurs that may significantly impact the value of a security, maybe fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees. The Fund’s investments are valued daily by an independent pricing service. The independent pricing service uses information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Exchange traded options and futures, are valued at the settlement price determined by the relevant exchange. Short-term investments maturing in 60 days or less are valued at amortized cost, if their original maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined daily at the close of regular trading (normally 4:00 p.m. Eastern time) on the New York Stock Exchange.
 
(a)
Pre-refunded bonds — collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date.
(b)
144A Security - Security exempt from registration, under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
(c)
Residual Interest Municipal Bonds. The interest rate shown bears an inverse relationship to the interest rate on another security or the value of an index.
(d)
Variable Rate Notes — Instruments whose interest rates change on a specified date (such as a coupon date or interest payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). The rate shown is the rate in effect of August 31, 2005.
(e)
Maturity date shown is date of next call.
(f)
All or partial amount segregated as initial margin on futures contracts.
(g)
Non-income producing.
 
Glossary:
AMBAC — insured by American Municipal Bond Assurance Corp.
FGIC — insured by Financial Guaranty Insurance Co.
FHA — insured by Federal Housing Administration
FSA — insured by Financial Security Assurance, Inc.
GNMA — insured by Government National Mortgage Association
GO — General Obligation Bond
IBC — Insurance Bond Certificate
MBIA — insured by Municipal Bond Investors Assurance
NR — Not Rated
Radian — insured by Radian Guaranty, Inc.
TCRS — insured by Temporary Custodian Receipts

Item 2. Controls and Procedures

(a) The registrant's President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant's internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

(a) Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

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: New York Municipal Income Fund II

By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: October 21, 2005

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: October 21, 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 dated indicated.

By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: October 21, 2005

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: October 21, 2005