The X-ray luminosity functions of galaxies have become a useful tool for population studies of X-ray binaries in them. The availability of long term light-curves of X-ray binaries with the All Sky X-ray Monitors opens up the possibility of constructing X-ray luminosity functions, by also including the intensity variation effects of the galactic X-ray binaries. We have constructed multiple realizations of the X-ray luminosity functions (XLFs) of Milky Way, using the long term light-curves of sources obtained in the 2-10keV energy band with the RXTE-ASM. The observed spread seen in the value of slope of both HMXB and LMXB XLFs are due to inclusion of variable luminosities of X-ray binaries in construction of these XLFs as well as finite sample effects. XLFs constructed for galactic HMXBs in the luminosity range 10^36^-10^39^erg/s is described by a power-law model with a mean power-law index of -0.48 and a spread due to variability of HMXBs as 0.19. XLFs constructed for galactic LMXBs in the luminosity range 10^36^-10^39^erg/s has a shape of cut-off power-law with mean power-law index of -0.31 and a spread due to variability of LMXBs as 0.07.