There is a distinction preserved in the AV between these words. 'Fleshly' is that which belongs to the flesh, carnal, as Col 2:18 'fleshly mind,' as opposed to 'spiritually minded' (cf. Ro 8:6). 'Fleshy' is that which is made of flesh, tender, as 2Co 3:3 'written
for the mind of the flesh is death, and the mind of the Spirit -- life and peace;
manifested that ye are a letter of Christ ministered by us, written not with ink, but with the Spirit of the living God, not in the tablets of stone, but in fleshy tablets of the heart,
let no one beguile you of your prize, delighting in humble-mindedness and in worship of the messengers, intruding into the things he hath not seen, being vainly puffed up by the mind of his flesh,