As filed with the Securities and Exchange Commission on September __, 1996

                                                     Registration No. 333-

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form S-8

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        HOME PROPERTIES OF NEW YORK, INC.
             (exact name of registrant as specified in its charter)

                     MARYLAND                            16-1455126
          (State or other jurisdiction                (I.R.S. Employer
        of incorporation or organization)            Identification No.)

        850 Clinton Square, Rochester, New York            14604
        (Address of Principal Executive Offices)         (Zip Code)

                     HOME PROPERTIES RETIREMENT SAVINGS PLAN
                            (Full title of the Plan)

                             Ann M. McCormick, Esq.
                  Vice President, Secretary and General Counsel
                        Home Properties of New York, Inc.
                               850 Clinton Square
                           Rochester, New York  14604
                                 (716) 546-4900
                (Name, address, including zip code, and telephone
               number, including area code, of agent for service)

                                    Copy to:
                           Deborah McLean Quinn, Esq.
                       Nixon, Hargrave, Devans & Doyle LLP
                               900 Clinton Square
                            Rochester, New York 14604
                                 (716) 263-1000
___________________________________________________________________________
                         CALCULATION OF REGISTRATION FEE

                  Proposed        Proposed        
Title of          Maximum         Maximum         
Securities        Offering        Aggregate       Amount of
to be             Amount to be    price per       Offering       Registration
Registered(1)     Registered(1)   share(2)        Price(2)       Fee
- -------------     -------------   ----------      ----------     ------------
Common Stock        50,000         $20.375        $1,018,750       $351.30
$.01 par value

(1) In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement covers an indeterminate amount of interests to be
offered or sold pursuant to the Home Properties Retirement Savings Plan.
(2)Inserted solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) and based upon the average of the high and low prices
for the registrant's Common Stock on the New York Stock Exchange reported as
of September 20, 1996.

Approximate date of commencement of the proposed sale of the securities to
the public:  From time to time after the Registration Statement becomes
effective.<PAGE>
                                     Part II

                           INFORMATION REQUIRED IN THE
                             REGISTRATION STATEMENT

Item 3.   Incorporation of Certain Documents by Reference.

     The following documents which have been filed by Home Properties of New
York, Inc. (the "Company") with the Securities and Exchange Commission are
incorporated herein by reference:

     (a)  The Company's Annual Report on Form 10-K/A for the fiscal year
ended December 31, 1995, filed pursuant to Section 13 of the Securities
Exchange Act of 1934.

     (b)  All other reports filed by the Company pursuant to Sections 13(a)
and 15(d) of the Securities Exchange Act of 1934 since December 31, 1995,
including specifically, but not limited to, the Form 11-K filed concurrently 
with this Registration Statement.

     (c)  The description of the Company's Common Stock contained in the
Company's registration statement filed under Section 12 of the Securities and
Exchange Act, including all amendments or reports filed for the purpose of
updating such description.

     All documents subsequently filed by the Company or the Home Properties
Retirement Savings Plan (the "Plan") pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Securities Exchange Act of 1934 subsequent to the date of
this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold
or which deregisters all securities remaining unsold shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of the
filing of such documents.

Item 4.   Description of Securities.

          Not Applicable.

Item 5.   Interests of Named Experts and Counsel.

     The legality of the Plan and Common Stock has been passed upon by Ann M.
McCormick, Esq., Vice President, Secretary and General Counsel of the
Company.  Mrs. McCormick is eligible to and does participate in the Plan. 
Mrs. McCormick also owns 8,491 shares of Common Stock of the Company and
2,302 limited partnership units in Home Properties of New York, L.P.

Item 6.   Indemnification of Directors and Officers.

     The Company's officers and directors are and will be indemnified under
Maryland law, the Articles of Incorporation of the Company and the
Partnership Agreement ("Operating Partnership Agreement") of Home Properties
of New York, L.P., a New York limited partnership of which the Company is the
general partner (the "Operating Partnership"), against certain liabilities. 
The Articles of Incorporation require the Company to indemnify its directors
and officers to the fullest extent permitted from time to time by the laws of
Maryland.  The Bylaws contain provisions which implement the indemnification
provisions of the Articles of Incorporation.

     The Maryland General Corporation Law ("MGCL") permits a corporation to
indemnify its directors and officers, among others, against judgments,
penalties, fines, settlements and reasonable expenses actually incurred by
them in connection with any proceeding to which they may be made a party by
reason of their service in those or other capacities unless it is established
that the act or omission of the director or officer was material to the
matter giving rise to the proceeding and was committed in bad faith or was
the result of active and deliberate dishonesty, or the director or officer
actually received an improper personal benefit in money, property or
services, or in the case of any criminal proceeding, the director or officer
had reasonable cause to believe that the act or omission was unlawful.  No
amendment of the Articles of Incorporation of the Company shall limit or
eliminate the right to indemnification provided with respect to acts or
omissions occurring prior to such amendment or repeal.  Maryland law permits
the Company to provide indemnification to an officer to the same extent as a
director, although additional indemnification may be provided if such officer
is not also a director.

     The MGCL permits the articles of incorporation of a Maryland corporation
to include a provision limiting the liability of its directors and officers
to the corporation and its stockholders for money damages, subject to
specified restrictions.  The MGCL does not, however, permit the liability of
directors and officers to the corporation or its stockholders to be limited
to the extent that (1) it is proved that the person actually received an
improper benefit or profit in money, property or services (to the extent such
benefit or profit was received) or (2) a judgment or other final adjudication
adverse to such person is entered in a proceeding based on a finding that the
person's action, or failure to act, was the result of active and deliberate
dishonesty and was material to the cause of action adjudicated in the
proceeding.  The Articles of Incorporation of the Company contain a provision
consistent with the MGCL.  No amendment of the Articles of Incorporation
shall limit or eliminate the limitation of liability with respect to acts or
omissions occurring prior to such amendment or repeal.

     The Operating Partnership Agreement also provides for indemnification of
the Company and its officers and directors to the same extent indemnification
is provided to officers and directors of the Company in its Articles of
Incorporation, and limits the liability of the Company and its officers and
directors to the Operating Partnership and its partners to the same extent
liability of officers and directors of the Company to the Company and its
stockholders is limited under the Company' Articles of Incorporation.

     The Company has entered into indemnification agreements with each of the
Company's directors and certain of its officers.  The indemnification
agreements require, among other things, that the Company indemnify its
directors and those officers to the fullest extent permitted by law, and
advance to the directors and officers all related expenses, subject to
reimbursement if it is subsequently determined that indemnification is not
permitted.  The Company also must indemnify and advance all expenses incurred
by directors and officers seeking to enforce their rights under the
indemnification agreements, and cover directors and officers under the
Company's directors' and officers' liability insurance.  Although the form of
indemnification agreement offers substantially the same scope of coverage
afforded by provisions in the Articles of Incorporation and the Bylaws and
the Operating Partnership Agreement of the Operating Partnership, it provides
greater assurance to directors and officers that indemnification will be
available, because, as a contract, it cannot be modified unilaterally in the
future by the Board of Directors or by the stockholders to eliminate the
rights it provides.

     The Company has purchased insurance under a policy that insures both the
Company and its officers and directors against exposure and liability
normally insured against under such policies, including exposure on the
indemnities described above.

Item 7.   Exemption from Registration Claimed.

          Not applicable.

Item 8.   Exhibits.

          See Exhibit Index.

Item 9.   Undertakings.

     (a)  The undersigned registrant hereby undertakes:

          (1)  To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:

          (i)     To include any prospectus required by 
                  Section 10(a)(3) of the Securities Act of
                  1933;

          (ii)    To reflect in the prospectus any facts or
                  events arising after the effective date of
                  the registration statement (or the most
                  recent post-effective amendment thereof)
                  which, individually or in the aggregate, 
                  represent a fundamental change in the 
                  information set forth in the Registration 
                  Statement;

          (iii)   To include any material information with 
                  respect to the plan of distribution not
                  previously disclosed in the registration
                  statement or any material change to such
                  information in the registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the registration statement is on Form S-3 or Form S-8, and the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the registrant pursuant to Section 13
or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the Registration Statement.

          (2)  That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

          (3)  To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

     (b)  The undersigned registrant hereby undertakes that, for  purposes of
determining liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.

     (h)  Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable.  In the
event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final
adjudication of such issue.<PAGE>
                                   SIGNATURES

The Registrant.  Pursuant to the requirements of the Securities Act of 1933,
the Registrant certifies that it has reasonable grounds to believe that it
meets all the requirements for filing on Form S-8, and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Rochester, State of New York, on
the 18th day of September, 1996.

                              HOME PROPERTIES OF NEW YORK, INC.

                              

                                   /s/ Norman Leenhouts
                              By:  ------------------------------
                                   Norman P. Leenhouts
                                   Chairman and Co-Chief 
                                   Executive Officer


                                   /s/ Nelson B. Leenhouts
                              By:  ------------------------------
                                   Nelson B. Leenhouts
                                   President and Co-Chief 
                                   Executive Officer


KNOWN ALL PERSONS BY THESE PRESENTS, that each person whose signature appears
below hereby severally constitutes and appoints Norman P. Leenhouts, Nelson
B. Leenhouts, Richard J. Crossed and Amy L. Tait, and each of them, his true
and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution for him and in his name, place and stead, in any and all
capacities to sign any and all amendments (including post-effective
amendments) to the Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite or necessary fully to all intents and purposes
as he might or could do in person, hereby ratifying and confirming all that
each said attorneys-in-fact and agents or any of them or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
<PAGE>
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities and on
the dates indicated.

  /s/ Norman P. Leenhouts        Director, Chairman        September 18, 1996
- -----------------------------    and Co-Chief Executive
      Norman P. Leenhouts        Officer (Principal
                                 Executive Officer)

  /s/ Nelson B. Leenhouts        Director, President       September 17, 1996
- -----------------------------    and Co-Chief Executive
      Nelson B. Leenhouts        Officer (Principal
                                 Executive Officer)

  /s/ Richard J. Crossed         Director, Executive       September 17, 1996
- -----------------------------    Vice President
      Richard J. Crossed 

  /s/ Amy L. Tait                Director, Executive      September 18, 1996
- -----------------------------    Vice President and 
      Amy L. Tait                Chief Operating Officer  

  /s/ David P. Gardner           Vice President,           September 18, 1996
- -----------------------------    Chief Financial
      David P. Gardner           Officer and Treasurer
                                 (Principal Financial
                                 and Accounting Officer)

  /s/ Burton S. August, Sr.      Director                  September 18, 1996
- ----------------------------- 
      Burton S. August, Sr.   

  /s/ William Balderston, III    Director                  September 23, 1996
- ----------------------------- 
      William Balderston, III 

  /s/ Leonard F. Helbig, III     Director                  September 23, 1996
- ----------------------------- 
      Leonard F. Helbig, III  

  /s/ Roger W. Kober             Director                  September 18, 1996
- ----------------------------- 
      Roger W. Kober

  /s/ Clifford W. Smith, Jr.     Director                  September 23, 1996
- ----------------------------- 
      Clifford W. Smith, Jr.

  /s/ Paul L. Smith              Director                  September 17, 1996
- ----------------------------- 
      Paul L. Smith<PAGE>
The Plan.  Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the Home Properties Retirement
Savings Plan) have duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of
Rochester, State of New York, on September 23, 1996.

                                  HOME PROPERTIES RETIREMENT SAVINGS PLAN


                                  By: /s/ David P. Gardner            
                                     ------------------------------------
                                  Name:  David P. Gardner
                                       ----------------------------------
                                  Title: Chairman of the Administrative
                                         Committee, the Administrator of
                                         the Plan
                                        ---------------------------------<PAGE>
                                  EXHIBIT INDEX

Exhibit No.            Description                          Location
- -----------            -----------                      ----------------

    4-1        Home Properties Retirement               Filed Herewith
               Savings Plan, as amended

    4-2        Articles of Incorporation of Home        Incorporated by  
               Properties of New York, Inc.             reference to Home
                                                        Properties of 
                                                        New York, Inc.
                                                        Registration Statement
                                                        on Form S-11, File No.
                                                        33-78862 (the "S-11
                                                        Registration
                                                        Statement")

    4-3        Articles of Amendment and Restatement    Incorporated by 
               of Articles of Incorporation of          reference 
               Home Properties of New York, Inc.        to the S-11
                                                        Registration
                                                        Statement

    4-4        Amended and Restated By-laws of          Incorporated by
               Home Properties of New York, Inc.             reference to the 
                                                        S-11 Registration
                                                        Statement

    5-1        Opinion of Ann M. McCormick, Esq.        Filed Herewith
               as to legality of the Plan and the
               Common Stock      

    23-1       Consent of Ann M. McCormick, Esq.        Contained in opinion
                                                        filed as Exhibit 5
                                                        to this Registration
                                                        Statement

    23-2       Consent of Coopers & Lybrand L.L.P.,     Filed Herewith
               independent public accountants
[{"type": "S-8", "sequence": "1", "secsgml_size_bytes": 21607}]
{"company-data": {"conformed-name": "HOME PROPERTIES OF NEW YORK INC", "cik": "0000923118", "assigned-sic": "6798", "irs-number": "161455126", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-12551", "film-number": "96633657"}, "business-address": {"street1": "850 CLINTON SQUARE", "city": "ROCHESTER", "state": "NY", "zip": "14604", "phone": "7165464900"}, "mail-address": {"street1": "850 CLINTON SQUARE", "city": "ROCHESTER", "state": "NY", "zip": "14604"}}
As filed with the Securities and Exchange Commission on September __, 1996

                                                     Registration No. 333-

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form S-8

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        HOME PROPERTIES OF NEW YORK, INC.
             (exact name of registrant as specified in its charter)

                     MARYLAND                            16-1455126
          (State or other jurisdiction                (I.R.S. Employer
        of incorporation or organization)            Identification No.)

        850 Clinton Square, Rochester, New York            14604
        (Address of Principal Executive Offices)         (Zip Code)

                     HOME PROPERTIES RETIREMENT SAVINGS PLAN
                            (Full title of the Plan)

                             Ann M. McCormick, Esq.
                  Vice President, Secretary and General Counsel
                        Home Properties of New York, Inc.
                               850 Clinton Square
                           Rochester, New York  14604
                                 (716) 546-4900
                (Name, address, including zip code, and telephone
               number, including area code, of agent for service)

                                    Copy to:
                           Deborah McLean Quinn, Esq.
                       Nixon, Hargrave, Devans & Doyle LLP
                               900 Clinton Square
                            Rochester, New York 14604
                                 (716) 263-1000
___________________________________________________________________________
                         CALCULATION OF REGISTRATION FEE

                  Proposed        Proposed        
Title of          Maximum         Maximum         
Securities        Offering        Aggregate       Amount of
to be             Amount to be    price per       Offering       Registration
Registered(1)     Registered(1)   share(2)        Price(2)       Fee
- -------------     -------------   ----------      ----------     ------------
Common Stock        50,000         $20.375        $1,018,750       $351.30
$.01 par value

(1) In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement covers an indeterminate amount of interests to be
offered or sold pursuant to the Home Properties Retirement Savings Plan.
(2)Inserted solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) and based upon the average of the high and low prices
for the registrant's Common Stock on the New York Stock Exchange reported as
of September 20, 1996.

Approximate date of commencement of the proposed sale of the securities to
the public:  From time to time after the Registration Statement becomes
effective.
Part II

                           INFORMATION REQUIRED IN THE
                             REGISTRATION STATEMENT

Item 3.   Incorporation of Certain Documents by Reference.

     The following documents which have been filed by Home Properties of New
York, Inc. (the "Company") with the Securities and Exchange Commission are
incorporated herein by reference:

     (a)  The Company's Annual Report on Form 10-K/A for the fiscal year
ended December 31, 1995, filed pursuant to Section 13 of the Securities
Exchange Act of 1934.

     (b)  All other reports filed by the Company pursuant to Sections 13(a)
and 15(d) of the Securities Exchange Act of 1934 since December 31, 1995,
including specifically, but not limited to, the Form 11-K filed concurrently 
with this Registration Statement.

     (c)  The description of the Company's Common Stock contained in the
Company's registration statement filed under Section 12 of the Securities and
Exchange Act, including all amendments or reports filed for the purpose of
updating such description.

     All documents subsequently filed by the Company or the Home Properties
Retirement Savings Plan (the "Plan") pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Securities Exchange Act of 1934 subsequent to the date of
this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold
or which deregisters all securities remaining unsold shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of the
filing of such documents.

Item 4.   Description of Securities.

          Not Applicable.

Item 5.   Interests of Named Experts and Counsel.

     The legality of the Plan and Common Stock has been passed upon by Ann M.
McCormick, Esq., Vice President, Secretary and General Counsel of the
Company.  Mrs. McCormick is eligible to and does participate in the Plan. 
Mrs. McCormick also owns 8,491 shares of Common Stock of the Company and
2,302 limited partnership units in Home Properties of New York, L.P.

Item 6.   Indemnification of Directors and Officers.

     The Company's officers and directors are and will be indemnified under
Maryland law, the Articles of Incorporation of the Company and the
Partnership Agreement ("Operating Partnership Agreement") of Home Properties
of New York, L.P., a New York limited partnership of which the Company is the
general partner (the "Operating Partnership"), against certain liabilities. 
The Articles of Incorporation require the Company to indemnify its directors
and officers to the fullest extent permitted from time to time by the laws of
Maryland.  The Bylaws contain provisions which implement the indemnification
provisions of the Articles of Incorporation.

     The Maryland General Corporation Law ("MGCL") permits a corporation to
indemnify its directors and officers, among others, against judgments,
penalties, fines, settlements and reasonable expenses actually incurred by
them in connection with any proceeding to which they may be made a party by
reason of their service in those or other capacities unless it is established
that the act or omission of the director or officer was material to the
matter giving rise to the proceeding and was committed in bad faith or was
the result of active and deliberate dishonesty, or the director or officer
actually received an improper personal benefit in money, property or
services, or in the case of any criminal proceeding, the director or officer
had reasonable cause to believe that the act or omission was unlawful.  No
amendment of the Articles of Incorporation of the Company shall limit or
eliminate the right to indemnification provided with respect to acts or
omissions occurring prior to such amendment or repeal.  Maryland law permits
the Company to provide indemnification to an officer to the same extent as a
director, although additional indemnification may be provided if such officer
is not also a director.

     The MGCL permits the articles of incorporation of a Maryland corporation
to include a provision limiting the liability of its directors and officers
to the corporation and its stockholders for money damages, subject to
specified restrictions.  The MGCL does not, however, permit the liability of
directors and officers to the corporation or its stockholders to be limited
to the extent that (1) it is proved that the person actually received an
improper benefit or profit in money, property or services (to the extent such
benefit or profit was received) or (2) a judgment or other final adjudication
adverse to such person is entered in a proceeding based on a finding that the
person's action, or failure to act, was the result of active and deliberate
dishonesty and was material to the cause of action adjudicated in the
proceeding.  The Articles of Incorporation of the Company contain a provision
consistent with the MGCL.  No amendment of the Articles of Incorporation
shall limit or eliminate the limitation of liability with respect to acts or
omissions occurring prior to such amendment or repeal.

     The Operating Partnership Agreement also provides for indemnification of
the Company and its officers and directors to the same extent indemnification
is provided to officers and directors of the Company in its Articles of
Incorporation, and limits the liability of the Company and its officers and
directors to the Operating Partnership and its partners to the same extent
liability of officers and directors of the Company to the Company and its
stockholders is limited under the Company' Articles of Incorporation.

     The Company has entered into indemnification agreements with each of the
Company's directors and certain of its officers.  The indemnification
agreements require, among other things, that the Company indemnify its
directors and those officers to the fullest extent permitted by law, and
advance to the directors and officers all related expenses, subject to
reimbursement if it is subsequently determined that indemnification is not
permitted.  The Company also must indemnify and advance all expenses incurred
by directors and officers seeking to enforce their rights under the
indemnification agreements, and cover directors and officers under the
Company's directors' and officers' liability insurance.  Although the form of
indemnification agreement offers substantially the same scope of coverage
afforded by provisions in the Articles of Incorporation and the Bylaws and
the Operating Partnership Agreement of the Operating Partnership, it provides
greater assurance to directors and officers that indemnification will be
available, because, as a contract, it cannot be modified unilaterally in the
future by the Board of Directors or by the stockholders to eliminate the
rights it provides.

     The Company has purchased insurance under a policy that insures both the
Company and its officers and directors against exposure and liability
normally insured against under such policies, including exposure on the
indemnities described above.

Item 7.   Exemption from Registration Claimed.

          Not applicable.

Item 8.   Exhibits.

          See Exhibit Index.

Item 9.   Undertakings.

     (a)  The undersigned registrant hereby undertakes:

          (1)  To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:

          (i)     To include any prospectus required by 
                  Section 10(a)(3) of the Securities Act of
                  1933;

          (ii)    To reflect in the prospectus any facts or
                  events arising after the effective date of
                  the registration statement (or the most
                  recent post-effective amendment thereof)
                  which, individually or in the aggregate, 
                  represent a fundamental change in the 
                  information set forth in the Registration 
                  Statement;

          (iii)   To include any material information with 
                  respect to the plan of distribution not
                  previously disclosed in the registration
                  statement or any material change to such
                  information in the registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the registration statement is on Form S-3 or Form S-8, and the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the registrant pursuant to Section 13
or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the Registration Statement.

          (2)  That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

          (3)  To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

     (b)  The undersigned registrant hereby undertakes that, for  purposes of
determining liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.

     (h)  Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable.  In the
event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
SIGNATURES

The Registrant.  Pursuant to the requirements of the Securities Act of 1933,
the Registrant certifies that it has reasonable grounds to believe that it
meets all the requirements for filing on Form S-8, and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Rochester, State of New York, on
the 18th day of September, 1996.

                              HOME PROPERTIES OF NEW YORK, INC.

                              

                                   /s/ Norman Leenhouts
                              By:  ------------------------------
                                   Norman P. Leenhouts
                                   Chairman and Co-Chief 
                                   Executive Officer

                                   /s/ Nelson B. Leenhouts
                              By:  ------------------------------
                                   Nelson B. Leenhouts
                                   President and Co-Chief 
                                   Executive Officer

KNOWN ALL PERSONS BY THESE PRESENTS, that each person whose signature appears
below hereby severally constitutes and appoints Norman P. Leenhouts, Nelson
B. Leenhouts, Richard J. Crossed and Amy L. Tait, and each of them, his true
and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution for him and in his name, place and stead, in any and all
capacities to sign any and all amendments (including post-effective
amendments) to the Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite or necessary fully to all intents and purposes
as he might or could do in person, hereby ratifying and confirming all that
each said attorneys-in-fact and agents or any of them or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities and on
the dates indicated.

  /s/ Norman P. Leenhouts        Director, Chairman        September 18, 1996
- -----------------------------    and Co-Chief Executive
      Norman P. Leenhouts        Officer (Principal
                                 Executive Officer)

  /s/ Nelson B. Leenhouts        Director, President       September 17, 1996
- -----------------------------    and Co-Chief Executive
      Nelson B. Leenhouts        Officer (Principal
                                 Executive Officer)

  /s/ Richard J. Crossed         Director, Executive       September 17, 1996
- -----------------------------    Vice President
      Richard J. Crossed 

  /s/ Amy L. Tait                Director, Executive      September 18, 1996
- -----------------------------    Vice President and 
      Amy L. Tait                Chief Operating Officer  

  /s/ David P. Gardner           Vice President,           September 18, 1996
- -----------------------------    Chief Financial
      David P. Gardner           Officer and Treasurer
                                 (Principal Financial
                                 and Accounting Officer)

  /s/ Burton S. August, Sr.      Director                  September 18, 1996
- ----------------------------- 
      Burton S. August, Sr.   

  /s/ William Balderston, III    Director                  September 23, 1996
- ----------------------------- 
      William Balderston, III 

  /s/ Leonard F. Helbig, III     Director                  September 23, 1996
- ----------------------------- 
      Leonard F. Helbig, III  

  /s/ Roger W. Kober             Director                  September 18, 1996
- ----------------------------- 
      Roger W. Kober

  /s/ Clifford W. Smith, Jr.     Director                  September 23, 1996
- ----------------------------- 
      Clifford W. Smith, Jr.

  /s/ Paul L. Smith              Director                  September 17, 1996
- ----------------------------- 
      Paul L. Smith
The Plan.  Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the Home Properties Retirement
Savings Plan) have duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of
Rochester, State of New York, on September 23, 1996.

                                  HOME PROPERTIES RETIREMENT SAVINGS PLAN

                                  By: /s/ David P. Gardner            
                                     ------------------------------------
                                  Name:  David P. Gardner
                                       ----------------------------------
                                  Title: Chairman of the Administrative
                                         Committee, the Administrator of
                                         the Plan
                                        ---------------------------------
EXHIBIT INDEX

Exhibit No.            Description                          Location
- -----------            -----------                      ----------------

    4-1        Home Properties Retirement               Filed Herewith
               Savings Plan, as amended

    4-2        Articles of Incorporation of Home        Incorporated by  
               Properties of New York, Inc.             reference to Home
                                                        Properties of 
                                                        New York, Inc.
                                                        Registration Statement
                                                        on Form S-11, File No.
                                                        33-78862 (the "S-11
                                                        Registration
                                                        Statement")

    4-3        Articles of Amendment and Restatement    Incorporated by 
               of Articles of Incorporation of          reference 
               Home Properties of New York, Inc.        to the S-11
                                                        Registration
                                                        Statement

    4-4        Amended and Restated By-laws of          Incorporated by
               Home Properties of New York, Inc.             reference to the 
                                                        S-11 Registration
                                                        Statement

    5-1        Opinion of Ann M. McCormick, Esq.        Filed Herewith
               as to legality of the Plan and the
               Common Stock      

    23-1       Consent of Ann M. McCormick, Esq.        Contained in opinion
                                                        filed as Exhibit 5
                                                        to this Registration
                                                        Statement

    23-2       Consent of Coopers & Lybrand L.L.P.,     Filed Herewith
               independent public accountants