The Falkirk MP said on Twitter yesterday he would not be seeking re-election.
The former barber said he had taken the decision "after some soul-searching" and that it had&nbsp;been a "privilege" to represent the constituency.
The Record understands there are still more SNP MPs who are yet to make public their intention to leave parliament.
Labour said Nationalist MPs are standing down because they "know the writing is on the wall".
McNally follows former Westminster leader lan Blackford, ex-party deputy leader Stewart Hosie and current Westminster deputy leader Mhairi Black in announcing he is leaving Westminster.
Former party treasurer Douglas Chapman, Glenrothes MP Peter Grant and Lanark and Hamilton East MP Angela Crawley have also said they will not be seeking re-election.
McNally said: "It's not a decision I've taken lightly. It has been a privilege to speak on behalf of such a vibrant community."
He was one of several SNP MPS elected in 2015. McNally won the seat with 34,831 votes - a majority of 19,701 over his nearest rival.

Seventh SNP MP won't seek re-election

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