Eaton Vance Insured New York Municipal Bond Fund II Report of Earnings

BOSTON, June 16 /PRNewswire-FirstCall/ -- Eaton Vance Insured New York
Municipal Bond Fund II (NYSE Amex: NYH) (the "Fund"), a closed-end management
investment company, today announced the earnings of the Fund for the three and
six-month periods ended March 31, 2009. The Fund's fiscal year ends on
September 30, 2009.

For the three months ended March 31, 2009, the Fund had net investment income
of $569,356 ($0.222 per common share). From this amount, the Fund paid
dividends on preferred shares of $26,015 (equal to $0.010 for each common
share), resulting in net investment income after the preferred dividends of
$543,341, or $0.212 per common share. The Fund's net investment income for the
six months ended March 31, 2009 was $1,108,052 ($0.433 per common share,
before deduction of the preferred share dividends totaling $0.051 per common
share), resulting in net investment income after the preferred dividends of
$0.382 per common share. In comparison, for the three months ended March 31,
2008, the Fund had net investment income of $612,448 ($0.240 per common
share). From this amount, the Fund paid dividends on preferred shares of
$194,108 (equal to $0.076 for each common share), resulting in net investment
income after the preferred dividends of $418,340, or $0.164 per common share.
The Fund's net investment income for the six months ended March 31, 2008 was
$1,226,636 ($0.480 per common share, before deduction of the preferred share
dividends totaling $0.109 per common share), resulting in net investment
income after the preferred dividends of $0.371 per common share.

Net realized and unrealized gains for the three months ended March 31, 2009
were $3,142,033 ($1.222 per common share). The Fund's net realized and
unrealized losses for the six months ended March 31, 2009 were $2,089,748
($0.825 per common share). In comparison, net realized and unrealized losses
for the three months ended March 31, 2008 were $3,494,746 ($1.366 per common
share). The Fund's net realized and unrealized losses for the six months ended
March 31, 2008 were $4,564,119 ($1.784 per common share).

On March 31, 2009, net assets of the Fund applicable to common shares were
$27,420,731. The net asset value per common share on March 31, 2009 was
$10.72 based on 2,557,142 common shares outstanding. In comparison, on March
31, 2008, net assets of the Fund applicable to common shares were $33,864,287.
The net asset value per common share on March 31, 2008 was $13.25 based on
2,555,954 common shares outstanding.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp. (NYSE: EV), based in Boston, one of the oldest investment management
firms in the United States, with a history dating back to 1924. Eaton Vance
and its affiliates managed $127.2 billion in assets as of April 30, 2009
offering individuals and institutions a broad array of investment products and
wealth management solutions. The Company's long record of providing exemplary
service and attractive returns through a variety of market conditions has made
Eaton Vance the investment manager of choice for many of today's most
discerning investors. For more information about Eaton Vance, visit
www.eatonvance.com.

EATON VANCE INSURED NEW YORK MUNICIPAL BOND FUND II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)

Three Months Ended Six Months Ended
March 31, March 31,
--------- ---------
2009 2008 2009 2008
---- ---- ---- ----
Net investment income $569 $612 $1,108 $1,227
Net realized and unrealized gains
(losses) on investments 3,142 (3,495) (2,090) (4,564)
Preferred dividends paid from net
investment income (1) (26) (194) (131) (278)
Preferred dividends paid from net
realized gains (1) - - - (126)
---- ---- ---- ----
Net increase (decrease) in net
assets from operations $3,685 $(3,077) $(1,113) $(3,741)
====== ======= ======= =======
Earnings per Common Share Outstanding
-------------------------------------
Net investment income $0.222 $0.240 $0.433 $0.480
Net realized and unrealized gains
(losses) on investments 1.222 (1.366) (0.825) (1.784)
Preferred dividends paid from
net investment income (1) (0.010) (0.076) (0.051) (0.109)
Preferred dividends paid from net
realized gains (1) - - - (0.049)
------ ------ ------ ------
Net increase (decrease) in net
Assets from operations $1.434 $(1.202) $(0.443) $(1.462)
====== ======= ======= =======

Net investment income $0.222 $0.240 $0.433 $0.480
Preferred dividends paid from net
investment income (1) (0.010) (0.076) (0.051) (0.109)
------ ------ ------ ------
Net investment income after preferred
dividends $0.212 $0.164 $0.382 $0.371
====== ====== ====== ======
Net Asset Value at March 31
(Common Shares)
---------------------------
Net assets $27,421 $33,864
Shares outstanding 2,557 2,556
Net asset value per share
outstanding $10.72 $13.25

Market Value Summary (Common Shares)
------------------------------------
Market price on NYSE Amex at March 31 $10.98 $13.25
High market price (period ended
March 31) $13.75 $14.65
Low market price (period ended
March 31) $7.50 $12.53

(1) During the year ended September 30, 2008, the Fund made a partial
redemption of its preferred shares.

SOURCE Eaton Vance Management

Investors, Eaton Vance Management, +1-800-262-1122