You need double quotes around the variable interpolation.
echo -e "$MY_STRING"
This is an all-too common error. You should get into the habit of always quoting strings, unless you specifically need to split into whitespace-separated tokens or have wildcards expanded.
So to be explicit, the shell will normalize whitespace when it parses your command line. You can see this if you write a simple C program which prints out its argv array.
argv[0]='Hello,'
argv[1]='world!'
argv[2]='This'
argv[3]='Is'
argv[4]='A'
argv[5]='Multi'
argv[6]='lined'
argv[7]='String.'
By contrast, with quoting, the whole string is in argv[0], newlines and all.
For what it's worth, also consider here documents (with cat, not echo):
cat <<"HERE"
foo
Bar
HERE
You can also interpolate a variable in a here document.
cat <
... although in this particular case, it's hardly what you want.
