Exhibit 31.2

Certification of Chief Financial
Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

| | I, William M. Gilfillan, Chief Financial Officer, certify that:
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|1. | I have reviewed this Annual Report on Form 10-KSB of Atlantic Liberty Financial
Corp.;
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|2. | Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this annual report;
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|3. | Based on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the small business issuer as
of, and for, the periods presented in this report;
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|4. | The small business issuers other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and
have:
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|a) |  | designed such disclosure controls and procedures or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the small business issuer, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
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|b) |  | evaluated the effectiveness of the small business issuers disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
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|c) |  | disclosed in this report any change in the small business issuers internal
control over financial reporting that occurred during the small business
issuers most recent fiscal quarter (the small business issuers
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuers internal control over financial reporting;
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|5. | The small business issuers other certifying officers and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the small business issuers auditors and the audit committee
of the small business issuers board of directors (or persons performing
the equivalent functions):
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|a) |  | all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to
adversely affect the small business issuers ability to record, process,
summarize and report financial information; and
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|b) |  | any fraud, whether or not material, that involves management or other employees
who have a significant role in the small business issuers internal control
over financial reporting:
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|Date: June 28, 2005 |  | /s/ William M. Gilfillan
William M. GilfillanChief Financial Officer
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