Allegany is a town in Cattaraugus County, New York. It has a village within it, by the same name. It falls within the Olean Metro Area. Allegany is to the west of the City of Olean. It has a total area of 71.7 square miles. 71.2 square miles of the area is land, and the rest is water. The water content is primarily due to the Allegheny that flows through the town. The town was settled in 1820. It was incorporated in 1831 as the "Town of Burton", which was changed to the present name in 1851. Allegany Reservation, Chipmonk, Crestview, Knapp Creek, Harrisburg, Nichols Run and Pumpkin Hollow are some of the communities within the town.
Manufacturing, retail trade and educational services are the major economic activities of the town. Public schooling comprises one elementary, one middle and one high school. The closest hospital is Olean General Hospital, located 4 miles away in Olean. Five Star Bank has a branch locally. The cost of living here is 4.10% lower than the country average.
The area gets 38 inches of rain annually. The number of days with measurable precipitation annually is 167. The amount of snowfall is quite high, about 63 inches annually.