UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-06500

Name of Fund: BlackRock MuniYield New York Insured Fund, Inc. (MYN)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock MuniYield New York Insured Fund, Inc., 55 East 52nd Street, New York, NY 10055.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2010

Date of reporting period: 10/31/2009

Item 1 – Schedule of Investments

 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

 

Par
(000)

 

 

Value

 

New York - 117.6%

 

 

 

 

 

 

 

 

 

Corporate - 10.2%

 

New York City Industrial Development Agency, RB,
Japan Airlines Co., AMT (FSA), 6.00%, 11/01/15

 

$

5,190

 

$

5,200,536

 

 

 

New York City Industrial Development Agency, RB,
Terminal One Group Association Project, AMT, 5.50%,
1/01/24

 

 

1,500

 

 

1,498,410

 

 

 

New York Liberty Development Corp., RB, Goldman
Sachs Headquarters, 5.25%, 10/01/35

 

 

3,150

 

 

3,081,771

 

 

 

New York State Energy Research & Development
Authority, RB, Brooklyn Union Gas, Keyspan,
Series A, AMT (FGIC), 4.70%, 2/01/24

 

 

10,750

 

 

10,349,025

 

 

 

New York State Energy Research & Development
Authority, RB, Lilco Project, Series A (MBIA), 5.15%,
3/01/16

 

 

3,000

 

 

3,010,320

 

 

 

Suffolk County Industrial Development Agency, New
York, RB, Keyspan, Port Jefferson, AMT, 5.25%,
6/01/27

 

 

4,625

 

 

4,450,129

 

 

 

Suffolk County Industrial Development Agency, New
York, RB, Ogden Martin System Huntington, AMT
(AMBAC), 6.00%, 10/01/10

 

 

8,530

 

 

8,855,505

 

 

 

Suffolk County Industrial Development Agency, New
York, RB, Ogden Martin System Huntington, AMT
(AMBAC), 6.15%, 10/01/11

 

 

9,170

 

 

9,822,354

 

 

 

Suffolk County Industrial Development Agency, New
York, RB, Ogden Martin System Huntington, AMT
(AMBAC), 6.25%, 10/01/12

 

 

6,470

 

 

7,063,817

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

53,331,867

 

 

Portfolio Abbreviations

 

 

 

 

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list.

 

 

 

 

ACA

American Capital Access Corp.

 

AGC

Assured Guaranty Corp.

 

AMBAC

American Municipal Bond Assurance Corp.

 

AMT

Alternative Minimum Tax (subject to)

 

CAB

Capital Appreciation Bonds

 

CIFG

CDC IXIS Financial Guaranty

 

COP

Certificates of Participation

 

FGIC

Financial Guaranty Insurance Co.

 

FHA

Federal Housing Administration

 

FNMA

Federal National Mortgage Association

 

FSA

Financial Security Assurance Inc.

 

GO

General Obligation Bonds

 

HFA

Housing Finance Agency

 

MBIA

Municipal Bond Investors Assurance (National Public Finance Guaranty Corp.)

 

PILOT

Payment in Lieu of Taxes

 

RB

Revenue Bonds

1


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

County/City/Special
District/School District - 35.7%

 

City of Buffalo New York, GO, School, Series D (MBIA),
5.50%, 12/15/14

 

$

1,250

 

$

1,321,663

 

 

 

City of Buffalo New York, GO, School, Series D (MBIA),
5.50%, 12/15/16

 

 

1,500

 

 

1,561,980

 

 

 

City of New York New York, GO, Series B (AMBAC),
7.00%, 2/01/18

 

 

70

 

 

70,328

 

 

 

City of New York New York, GO, Series B (MBIA),
5.75%, 8/01/13

 

 

1,280

 

 

1,339,674

 

 

 

City of Niagara Falls New York, GO, Water Treatment
Plant, AMT (MBIA), 7.25%, 11/01/10

 

 

1,000

 

 

1,066,840

 

 

 

Dutchess County Resource Recovery Agency, New
York, RB, Solid Waste System, Series A (MBIA), 5.40%,
1/01/13

 

 

1,700

 

 

1,746,342

 

 

 

Erie County Industrial Development Agency, RB, City
of Buffalo Project (FSA), 5.75%, 5/01/20

 

 

1,900

 

 

2,069,689

 

 

 

Hudson Yards Infrastructure Corp., RB, Series A
(FGIC), 5.00%, 2/15/47

 

 

12,150

 

 

11,044,714

 

 

 

Hudson Yards Infrastructure Corp., RB, Series A
(MBIA), 4.50%, 2/15/47

 

 

16,275

 

 

13,634,381

 

 

 

Ilion Central School District, New York, GO, Series B
(FGIC), 5.50%, 6/15/10

 

 

1,675

 

 

1,745,886

 

 

 

New York City Industrial Development Agency, RB,
CAB, Yankee Stadium, PILOT (AGC), 6.47%,
3/01/39 (a)

 

 

5,000

 

 

870,150

 

 

 

New York City Industrial Development Agency, RB,
CAB, Yankee Stadium, PILOT (AGC), 6.41%,
3/01/43 (a)

 

 

5,830

 

 

746,881

 

 

 

New York City Industrial Development Agency, RB,
Queens Baseball Stadium, PILOT (AGC), 6.38%,
1/01/39

 

 

1,000

 

 

1,138,720

 

 

 

New York City Industrial Development Agency, RB,
Queens Baseball Stadium, PILOT (AMBAC), 5.00%,
1/01/36

 

 

11,800

 

 

10,727,498

 

 

 

New York City Industrial Development Agency, RB,
Queens Baseball Stadium, PILOT (AMBAC), 5.00%,
1/01/39

 

 

5,250

 

 

4,771,462

 

 

 

New York City Industrial Development Agency, RB,
Queens Baseball Stadium, PILOT (AMBAC), 5.00%,
1/01/46

 

 

9,900

 

 

8,884,260

 

 

 

New York City Industrial Development Agency, RB,
Yankee Stadium, PILOT (FGIC), 5.00%, 3/01/46

 

 

9,650

 

 

8,658,462

 

 

 

New York City Industrial Development Agency, RB,
Yankee Stadium, PILOT (MBIA), 5.00%, 3/01/36

 

 

4,650

 

 

4,285,765

 

 

 

New York City Transit Authority, Metropolitan
Transportation Authority, Triborough Bridge &
Tunnel, COP, Series A (AMBAC), 5.63%, 1/01/12

 

 

1,020

 

 

1,037,187

 

2


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

 

 

New York City Transitional Finance Authority, RB,
Fiscal 2008, Series S-1, 4.50%, 1/15/38

 

$

2,000

 

$

1,852,380

 

 

 

New York City Transitional Finance Authority, RB,
Fiscal 2009, Series S-1 (AGC), 5.50%, 7/15/38

 

 

6,000

 

 

6,379,020

 

 

 

New York City Transitional Finance Authority, RB,
Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/39

 

 

1,500

 

 

1,599,135

 

 

 

New York City Transitional Finance Authority, RB,
Future Tax Secured, Series C (FGIC), 5.00%, 2/01/33

 

 

12,395

 

 

12,607,574

 

 

 

New York City Transitional Finance Authority, RB,
Future Tax Secured, Series D (MBIA), 5.25%, 2/01/21

 

 

3,000

 

 

3,243,390

 

 

 

New York City Transitional Finance Authority, RB,
Future Tax Secured, Series E (MBIA), 5.25%, 2/01/22

 

 

2,500

 

 

2,682,600

 

 

 

New York City Transitional Finance Authority, RB,
Series A (FGIC), 5.00%, 11/15/26

 

 

1,000

 

 

1,044,380

 

 

 

New York City Transitional Finance Authority, RB,
Series S-2 (FSA), 5.00%, 1/15/37

 

 

5,000

 

 

5,072,150

 

 

 

New York City Transitional Finance Authority, RB,
Series S-2 (MBIA), 4.25%, 1/15/34

 

 

5,980

 

 

5,400,658

 

 

 

New York Convention Center Operating Corp., RB,
Hotel Unit Fee Secured (AMBAC), 5.00%, 11/15/30

 

 

1,500

 

 

1,488,390

 

 

 

New York Convention Center Operating Corp., RB,
Hotel Unit Fee Secured (AMBAC), 5.00%, 11/15/35

 

 

33,750

 

 

32,328,112

 

 

 

New York Convention Center Operating Corp., RB,
Hotel Unit Fee Secured (AMBAC), 5.00%, 11/15/44

 

 

13,470

 

 

12,566,163

 

 

 

North Country Development Authority, Refunding RB
(FSA), 6.00%, 5/15/15

 

 

1,115

 

 

1,225,017

 

 

 

Sales Tax Asset Receivable Corp., RB, Series A
(AMBAC), 5.00%, 10/15/32

 

 

11,200

 

 

11,541,488

 

 

 

Syracuse Industrial Development Agency, New York,
RB, Carousel Center Project, Series A, AMT (Syncora),
5.00%, 1/01/36

 

 

11,500

 

 

8,103,360

 

 

 

Town of Huntington New York, GO, Refunding
(AMBAC), 5.50%, 4/15/12

 

 

460

 

 

510,821

 

 

 

Town of Huntington New York, GO, Refunding
(AMBAC), 5.50%, 4/15/13

 

 

455

 

 

514,746

 

 

 

Town of North Hempstead New York, GO, Refunding,
Series B (MBIA), 6.40%, 4/01/13

 

 

1,745

 

 

2,012,212

 

 

 

Town of North Hempstead New York, GO, Refunding,
Series B (MBIA), 6.40%, 4/01/17

 

 

555

 

 

668,603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

187,562,081

 

3


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Education - 7.4%

 

Madison County Industrial Development Agency, New
York, RB, Colgate University Project, Series A
(AMBAC), 5.00%, 7/01/30

 

$

5,410

 

$

5,557,314

 

 

 

Madison County Industrial Development Agency, New
York, RB, Colgate University Project, Series A
(AMBAC), 5.00%, 7/01/35

 

 

2,675

 

 

2,715,687

 

 

 

New York City Industrial Development Agency, RB,
Polytechnic University Project (ACA), 5.25%,
11/01/37

 

 

2,480

 

 

2,127,865

 

 

 

New York City Industrial Development Agency,
Refunding RB, Nightingale, Bamford School (AMBAC),
5.25%, 1/15/18

 

 

1,275

 

 

1,356,039

 

 

 

New York City Transitional Finance Authority, RB,
Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33

 

 

5,500

 

 

5,622,210

 

 

 

New York City Trust for Cultural Resources, Refunding
RB, Series American Museum Natural History, Series A
(MBIA), 5.00%, 7/01/36

 

 

4,250

 

 

4,329,390

 

 

 

New York City Trust for Cultural Resources, Refunding
RB, Series American Museum Natural History, Series A
(MBIA), 5.00%, 7/01/44

 

 

500

 

 

504,940

 

 

 

New York State Dormitory Authority, RB, City
University System, Series C (MBIA), 7.50%, 7/01/10

 

 

815

 

 

850,126

 

 

 

New York State Dormitory Authority, RB, Mt. Sinai
School of Medicine, 5.13%, 7/01/39

 

 

7,750

 

 

7,480,378

 

 

 

New York State Dormitory Authority, RB, Mt. Sinai
School of Medicine New York University (MBIA), 5.00%,
7/01/35

 

 

2,100

 

 

1,995,084

 

 

 

New York State Dormitory Authority, RB, New York
University, Series 1 (AMBAC), 5.50%, 7/01/40

 

 

4,580

 

 

5,229,352

 

 

 

Rensselaer County Industrial Development Agency,
New York, RB, Polytechnic Institute, Series B
(AMBAC), 5.50%, 8/01/22

 

 

1,255

 

 

1,270,725

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39,039,110

 

Health - 6.5%

 

New York City Industrial Development Agency, RB,
Royal Charter, New York Presbyterian (FSA), 5.75%,
12/15/29

 

 

7,970

 

 

8,448,041

 

 

 

New York State Dormitory Authority, RB, Hudson
Valley Hospital (FSA), 5.00%, 8/15/36

 

 

6,000

 

 

6,222,900

 

 

 

New York State Dormitory Authority, RB, Montefiore
Hospital (MBIA), 5.00%, 8/01/33

 

 

1,500

 

 

1,517,415

 

 

 

New York State Dormitory Authority, RB, NY &
Presbyterian Hospital (FSA), 5.25%, 2/15/31

 

 

3,000

 

 

3,085,380

 

 

 

New York State Dormitory Authority, RB, NY &
Presbyterian Hospital (FSA), 5.00%, 8/15/36

 

 

5,000

 

 

5,050,500

 

4


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

 

Value

 

 

 

New York State Dormitory Authority, RB, NY State
Rehabilitation Association, Series A (CIFG), 5.25%,
7/01/19

 

$

1,180

 

$

1,197,393

 

 

 

New York State Dormitory Authority, RB, NY State
Rehabilitation Association, Series A (CIFG), 5.13%,
7/01/23

 

 

1,000

 

 

981,150

 

 

 

New York State Dormitory Authority, RB, North Shore
Long Island Jewish, Series A, 5.50%, 5/01/37

 

 

2,075

 

 

2,096,414

 

 

 

New York State Dormitory Authority, RB, Saint Luke’s
Roosevelt Hospital (FHA), 4.90%, 8/15/31

 

 

3,250

 

 

3,115,320

 

 

 

New York State Dormitory Authority, RB, Series B
(MBIA), 6.50%, 2/15/11 (b)

 

 

1,000

 

 

1,076,470

 

 

 

Oneida County Industrial Development Agency, New
York, RB, Civic Facilities, Mohawk Valley, Series A
(FSA), 5.20%, 2/01/13

 

 

1,365

 

 

1,372,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34,163,340

 

Housing - 3.2%

 

Monroe County Industrial Development Agency, RB,
Industrial Development, Southview Towers Project,
AMT, 6.13%, 2/01/20

 

 

1,240

 

 

1,255,612

 

 

 

Monroe County Industrial Development Agency, RB,
Industrial Development, Southview Towers Project,
AMT, 6.25%, 2/01/31

 

 

1,125

 

 

1,138,511

 

 

 

New York City Housing Development Corp., RB, Series
C, AMT, 5.00%, 11/01/26

 

 

1,500

 

 

1,487,625

 

 

 

New York City Housing Development Corp., RB, Series
C, AMT, 5.05%, 11/01/36

 

 

2,000

 

 

1,868,840

 

 

 

New York City Housing Development Corp., RB, Series
H-1, AMT, 4.70%, 11/01/40

 

 

1,340

 

 

1,190,416

 

 

 

New York Mortgage Agency, New York, RB,
Homeowner Mortgage, Series 97, AMT, 5.50%,
4/01/31

 

 

1,130

 

 

1,133,605

 

 

 

New York Mortgage Agency, New York, RB,
Series 133, AMT, 4.95%, 10/01/21

 

 

1,540

 

 

1,559,635

 

 

 

New York Mortgage Agency, New York, RB,
Series 143, AMT, 4.90%, 10/01/37

 

 

1,000

 

 

929,640

 

 

 

New York Mortgage Agency, New York, RB,
Series 143, AMT (MBIA), 4.85%, 10/01/27

 

 

2,485

 

 

2,415,321

 

 

 

New York State HFA, RB, Saint Philips Housing,
Series A, AMT (FNMA), 4.65%, 11/15/38

 

 

1,500

 

 

1,401,285

 

 

 

Yonkers Industrial Development Agency, New York,
RB, Monastery Manor Association LP Project, AMT,
5.25%, 4/01/37

 

 

2,445

 

 

2,362,212

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,742,702

 

5


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

State - 9.2%

 

City of New York New York, GO, Sub-Series J-1,
4.50%, 5/15/30

 

$

2,000

 

$

1,976,180

 

 

 

New York State Dormitory Authority, RB, Master Boces
Program Lease (AGC), 5.00%, 8/15/28

 

 

1,750

 

 

1,800,400

 

 

 

New York State Dormitory Authority, RB, Mental
Health Facilities, Series B, 5.25%, 2/15/14 (c)

 

 

1,570

 

 

1,759,546

 

 

 

New York State Dormitory Authority, RB, Mental
Health Services Facilities, Series C, AMT (FSA), 5.40%,
2/15/33

 

 

6,460

 

 

6,490,879

 

 

 

New York State Dormitory Authority, RB, School
District Financing Program, Series A (FSA), 5.00%,
10/01/35

 

 

550

 

 

557,518

 

 

 

New York State Dormitory Authority, RB, School
District Financing Program, Series B (FSA), 5.00%,
4/01/36

 

 

5,000

 

 

5,068,400

 

 

 

New York State Dormitory Authority, RB, School
District Financing Program, Series C (FSA), 5.00%,
10/01/37

 

 

4,050

 

 

4,100,018

 

 

 

New York State Dormitory Authority, RB, School
District Financing Program, Series E (MBIA), 5.75%,
10/01/30

 

 

6,900

 

 

7,293,645

 

 

 

New York State Dormitory Authority, RB, Upstate
Community Colleges, Series A (FSA), 6.00%,
7/01/10 (c)

 

 

1,070

 

 

1,121,285

 

 

 

New York State Thruway Authority, RB, Second
General, Series B, 5.00%, 4/01/27

 

 

1,500

 

 

1,568,775

 

 

 

New York State Thruway Authority, RB, Series A
(AMBAC), 5.00%, 4/01/26

 

 

4,380

 

 

4,562,734

 

 

 

New York State Urban Development Corp., RB,
Personal Income Tax, Series C-1 (MBIA), 5.00%,
3/15/13 (c)

 

 

3,000

 

 

3,361,950

 

 

 

New York State Urban Development Corp., RB, State
Personal Income Tax, State Facilities, Series A-1
(MBIA), 5.00%, 3/15/29

 

 

5,000

 

 

5,134,000

 

 

 

New York State Urban Development Corp., Refunding
RB, Correctional Capital Facilities, Series A (FSA),
6.50%, 1/01/11

 

 

3,190

 

 

3,397,701

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48,193,031

 

6


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Tobacco - 1.8%

 

Tobacco Settlement Financing Corp., New York, RB,
Asset Backed, Series A-2 (AMBAC), 5.25%, 6/01/20

 

$

5,000

 

$

5,232,400

 

 

 

Tobacco Settlement Financing Corp., New York, RB,
Asset Backed, Series A-4 (AMBAC), 5.25%, 6/01/22

 

 

2,000

 

 

2,081,660

 

 

 

Tobacco Settlement Financing Corp., New York, RB,
Series B-1C, 5.50%, 6/01/22

 

 

1,900

 

 

1,992,644

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,306,704

 

Transportation - 32.0%

 

Metropolitan Transportation Authority, RB, Series
2008C, 6.50%, 11/15/28

 

 

3,200

 

 

3,627,808

 

 

 

Metropolitan Transportation Authority, RB, Series A
(FSA), 5.00%, 11/15/32

 

 

1,015

 

 

1,025,515

 

 

 

Metropolitan Transportation Authority, RB, Series A
(MBIA), 5.00%, 11/15/30

 

 

6,600

 

 

6,631,218

 

 

 

Metropolitan Transportation Authority, RB, Series C
(FSA), 5.13%, 1/01/10 (c)

 

 

1,640

 

 

1,820,039

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Series A (FSA), 5.75%, 11/15/32

 

 

29,300

 

 

31,151,174

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Series A (MBIA), 5.13%, 11/15/22

 

 

1,390

 

 

1,424,250

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Series A (MBIA), 5.25%, 11/15/31

 

 

2,500

 

 

2,529,325

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Transportation, Series F (MBIA), 5.25%, 11/15/12 (c)

 

 

6,235

 

 

7,040,936

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Transportation, Series F (MBIA), 5.00%, 11/15/31

 

 

5,000

 

 

5,023,650

 

 

 

New York State Thruway Authority, GO, Refunding,
Series G, 5.00%, 1/01/30

 

 

2,000

 

 

2,047,420

 

 

 

New York State Thruway Authority, RB, Series F
(AMBAC), 5.00%, 1/01/30

 

 

6,000

 

 

6,108,900

 

 

 

New York State Thruway Authority, RB, Series G
(FSA), 4.75%, 1/01/29

 

 

7,250

 

 

7,317,715

 

 

 

New York State Thruway Authority, RB, Series G
(FSA), 4.75%, 1/01/30

 

 

9,000

 

 

9,057,240

 

 

 

New York State Thruway Authority, RB, Series G
(FSA), 5.00%, 1/01/32

 

 

17,030

 

 

17,306,056

 

 

 

Niagara Frontier Transportation Authority, New York,
RB, Buffalo Niagara International Airport, Series B
(MBIA), 5.50%, 4/01/19

 

 

2,705

 

 

2,734,295

 

7


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

 

 

Port Authority of New York & New Jersey, RB,
Consolidated, 141st Series, (CIFG), AMT, 4.50%,
9/01/35

 

$

1,000

 

$

903,690

 

 

 

Port Authority of New York & New Jersey, RB,
Consolidated, 161st Series, 4.50%, 10/15/37

 

 

3,250

 

 

3,072,063

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 6.25%, 12/01/10

 

 

14,750

 

 

15,124,060

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 6.25%, 12/01/11

 

 

7,175

 

 

7,461,139

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 6.25%, 12/01/13

 

 

4,425

 

 

4,699,040

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 6.25%, 12/01/14

 

 

7,380

 

 

7,769,074

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 5.75%, 12/01/22

 

 

10,160

 

 

10,325,303

 

 

 

Port Authority of New York & New Jersey, RB, Special
Project, JFK International Air Terminal, Series 6, AMT
(MBIA), 5.75%, 12/01/25

 

 

3,500

 

 

3,503,955

 

 

 

Triborough Bridge & Tunnel Authority, New York, RB,
General Purpose, Series Y (MBIA), 6.00%, 1/01/12 (a)

 

 

1,790

 

 

1,896,290

 

 

 

Triborough Bridge & Tunnel Authority, New York, RB,
Sub-Series A (MBIA), 5.25%, 11/15/30

 

 

6,000

 

 

6,193,560

 

 

 

Triborough Bridge & Tunnel Authority, New York, RB,
Subordinate Bonds (AMBAC), 5.00%, 11/15/28

 

 

2,465

 

 

2,534,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

168,328,499

 

Utilities - 9.9%

 

Buffalo Sewer Authority, New York, RB, Series F
(MBIA), 6.00%, 7/01/13

 

 

4,300

 

 

4,576,877

 

 

 

Long Island Power Authority, RB, General, Series A
(AGC), 6.00%, 5/01/33

 

 

1,500

 

 

1,669,965

 

 

 

Long Island Power Authority, RB, General, Series B
(FSA), 5.00%, 12/01/35

 

 

4,000

 

 

4,069,400

 

 

 

Long Island Power Authority, RB, Series A (AGC),
5.75%, 4/01/39

 

 

1,015

 

 

1,115,586

 

 

 

Long Island Power Authority, RB, Series A (AMBAC),
5.00%, 9/01/29

 

 

7,000

 

 

7,119,770

 

 

 

New York City Municipal Water Finance Authority, RB,
Fiscal 2004, Series C (MBIA), 5.00%, 6/15/35

 

 

975

 

 

990,220

 

 

 

New York City Municipal Water Finance Authority, RB,
Series A (AMBAC), 5.00%, 6/15/35

 

 

3,500

 

 

3,543,750

 

8


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

 

Value

 

 

 

New York City Municipal Water Finance Authority, RB,
Series A (FSA), 4.25%, 6/15/39

 

$

500

 

$

456,005

 

 

 

New York City Municipal Water Finance Authority, RB,
Series A (MBIA), 5.75%, 6/15/11 (c)

 

 

24,650

 

 

26,685,843

 

 

 

New York City Municipal Water Finance Authority, RB,
Series A (MBIA), 5.13%, 6/15/34

 

 

1,250

 

 

1,265,987

 

 

 

New York City Municipal Water Finance Authority,
Refunding RB, Series F (FSA), 5.00%, 6/15/29

 

 

500

 

 

505,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

51,999,048

 

Utilities - 1.7%

 

New York City, New York City Municipal Water
Finance Authority, Water and Sewer Systems RB,
Series D (FSA), 5.00%, 6/15/37

 

 

9,000

 

 

9,149,400

 

 

 

Total Municipal Bonds in New York

 

 

 

 

 

617,815,782

 

Guam - 0.8%

 

 

 

 

 

 

 

 

 

Transportation - 0.8%

 

Guam International Airport Authority, RB, General,
Series C, AMT (MBIA), 5.25%, 10/01/21

 

 

2,240

 

 

2,240,627

 

 

 

Guam International Airport Authority, RB, General,
Series C, AMT (MBIA), 5.25%, 10/01/22

 

 

2,050

 

 

2,035,670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,276,297

 

 

 

Total Municipal Bonds in Guam

 

 

 

 

 

4,276,297

 

Puerto Rico - 14.3%

 

 

 

 

 

 

 

 

 

County/City/Special
District/School District - 0.4%

 

Puerto Rico Sales Tax Financing Corporation, RB, CAB,
Series A (MBIA), 5.79%, 8/01/41 (a)

 

 

12,800

 

 

1,961,088

 

Housing - 0.8%

 

Puerto Rico HFA, RB, Subordinate, Capital Fund
Modernization, 5.13%, 12/01/27

 

 

4,000

 

 

3,992,800

 

State - 6.7%

 

Commonwealth of Puerto Rico, GO, Refunding Public
Improvement, Series A (FSA), 5.25%, 7/01/30

 

 

2,150

 

 

2,219,596

 

 

 

Commonwealth of Puerto Rico, GO, Refunding, Public
Improvement, Series A (MBIA), 5.50%, 7/01/20

 

 

2,000

 

 

2,070,040

 

 

 

Commonwealth of Puerto Rico, GO, Refunding, Sub-
Series C-7 (MBIA), 6.00%, 7/01/27

 

 

2,000

 

 

2,077,820

 

 

 

Commonwealth of Puerto Rico, GO, Refunding, Sub-
Series C-7 (MBIA), 6.00%, 7/01/28

 

 

4,775

 

 

4,937,446

 

 

 

Puerto Rico Convention Center Authority, RB,
Series A (AMBAC), 5.00%, 7/01/31

 

 

4,000

 

 

3,672,400

 

 

 

Puerto Rico Highway & Transportation Authority,
Refunding RB, Series CC (FSA), 5.50%, 7/01/31

 

 

5,000

 

 

5,482,200

 

 

 

Puerto Rico Infrastructure Financing Authority, RB,
CAB, Series A (AMBAC), 4.67%, 7/01/35 (a)

 

 

3,900

 

 

613,275

 

 

 

Puerto Rico Infrastructure Financing Authority, RB,
CAB, Series A (AMBAC), 5.03%, 7/01/43 (a)

 

 

8,000

 

 

698,400

 

9


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

 

 

Puerto Rico Infrastructure Financing Authority, RB,
CAB, Series A (FGIC), 4.62%, 7/01/31 (a)

 

$

22,030

 

$

4,904,539

 

 

 

Puerto Rico Public Buildings Authority, Refunding RB,
Government Facilities, Series M-3 (MBIA), 6.00%,
7/01/28

 

 

2,850

 

 

2,939,034

 

 

 

Puerto Rico Public Finance Corp., RB,
Commonwealth, Series E, 5.50%, 2/01/12 (c)

 

 

700

 

 

766,850

 

 

 

Puerto Rico Sales Tax Financing Corp., RB, First Sub-
Series A, 5.75%, 8/01/37

 

 

4,500

 

 

4,655,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35,037,300

 

Transportation - 3.9%

 

Puerto Rico Highway & Transportation Authority, RB,
Series D, 5.75%, 7/01/12 (c)

 

 

3,000

 

 

3,349,080

 

 

 

Puerto Rico Highway & Transportation Authority, RB,
Series G (FGIC), 5.25%, 7/01/13 (c)

 

 

655

 

 

745,888

 

 

 

Puerto Rico Highway & Transportation Authority, RB,
Series G (FGIC), 5.25%, 7/01/19

 

 

2,265

 

 

2,274,558

 

 

 

Puerto Rico Highway & Transportation Authority, RB,
Series G (FGIC), 5.25%, 7/01/21

 

 

345

 

 

341,419

 

 

 

Puerto Rico Highway & Transportation Authority, RB,
Series Y (FSA), 6.25%, 7/01/21

 

 

6,275

 

 

6,884,303

 

 

 

Puerto Rico Highway & Transportation Authority,
Refunding RB, Series CC (FSA), 5.25%, 7/01/32

 

 

1,000

 

 

1,043,320

 

 

 

Puerto Rico Highway & Transportation Authority,
Refunding RB, Series CC (FSA), 5.25%, 7/01/33

 

 

1,000

 

 

1,044,340

 

 

 

Puerto Rico Highway & Transportation Authority,
Refunding RB, Series CC (FSA), 5.25%, 7/01/36

 

 

4,750

 

 

4,973,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,656,776

 

Utilities - 2.5%

 

Puerto Rico Aqueduct & Sewer Authority, RB, Senior
Lien, Series A (AGC), 5.13%, 7/01/47

 

 

10,980

 

 

10,355,677

 

 

 

Puerto Rico Electric Power Authority, Refunding RB,
Series VV (MBIA), 5.25%, 7/01/30

 

 

3,000

 

 

3,068,460

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,424,137

 

 

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

75,072,101

 

 

 

Total Municipal Bonds - 132.7%

 

 

 

 

 

697,164,180

 

 

 

Municipal Bonds Transferred to
Tender Option Bond Trusts (d)

 

 

 

 

 

 

 

County/City/Special
District/School District - 12.0%

 

City of New York. New York, GO, Series J,
5.00%, 5/15/23

 

 

6,750

 

 

6,959,790

 

 

 

City of New York. New York, GO, Sub-Series C-3
(AGC), 5.75%, 8/15/28

 

 

14,400

 

 

16,054,560

 

 

 

New York State Dormitory Authority, RB,
Education, Series B, 5.75%, 3/15/36

 

 

7,850

 

 

8,669,226

 

10


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to
Tender Option Bond Trusts (d)

 

Par
(000)

 

Value

 

 

 

Sales Tax Asset Receivable Corp., RB, Series A
(AMBAC), 5.25%, 10/15/27

 

$

13,000

 

$

13,981,083

 

 

 

Sales Tax Asset Receivable Corp., RB, Series A
(AMBAC), 5.00%, 10/15/32

 

 

16,000

 

 

17,205,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

62,870,466

 

Education - 1.2%

 

New York State Dormitory Authority, RB, New York
University, Series A, 5.00%, 7/01/38

 

 

6,498

 

 

6,653,888

 

Transportation - 10.0%

 

Metropolitan Transportation Authority, RB, Series A
(MBIA), 5.00%, 11/15/31

 

 

3,901

 

 

3,989,228

 

 

 

Metropolitan Transportation Authority, Refunding RB,
Series A (FSA), 5.00%, 11/15/30

 

 

8,460

 

 

8,511,944

 

 

 

New York State Thruway Authority, RB, Series H
(FSA), 5.00%, 1/01/37

 

 

10,000

 

 

10,146,700

 

 

 

Port Authority of New York & New Jersey, RB,
Consolidated 37th Series, AMT (FSA), 5.13%,
7/15/30

 

 

2,500

 

 

2,534,500

 

 

 

Triborough Bridge & Tunnel Authority, New York,
Refunding RB (MBIA), 5.25%, 11/15/23

 

 

7,000

 

 

7,244,860

 

 

 

Triborough Bridge & Tunnel Authority, Refunding
RB (MBIA), 5.00%, 11/15/32

 

 

19,677

 

 

19,981,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52,409,045

 

Utilities - 1.4%

 

New York City Municipal Water Finance Authority, RB,
Fiscal 2009, Series A, 5.75%, 6/15/40

 

 

4,094

 

 

4,515,101

 

 

 

New York City Municipal Water Finance Authority, RB,
Series FF-2, 5.50%, 6/15/40

 

 

2,759

 

 

2,990,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,506,038

 

 

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts - 24.6%

 

 

 

 

 

129,439,437

 

 

 

Total Long-Term Investments
(Cost - $827,986,173) - 157.3%

 

 

 

 

 

826,603,617

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

 

 

CMA New York Municipal Money Fund, 0.04% (e)(f)

 

 

18,608,056

 

 

18,608,056

 

 

 

Total Short-Term Securities
(Cost - $18,608,056) - 3.5%

 

 

 

 

 

18,608,056

 

 

 

Total Investments
(Cost - $846,594,229*) - 160.8%

 

 

 

 

 

845,211,673

 

 

 

Liabilities in Excess of Other Assets - (0.8)%

 

 

 

 

 

(4,332,789

)

 

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable - (12.9)%

 

 

 

 

 

(67,695,659

)

 

 

Preferred Shares, at Redemption Value - (47.1)%

 

 

 

 

 

(247,743,525

)

 

 

 

 

 

 

 

 

 

Net Assets Applicable to Common Shares - 100.0%

 

 

 

 

$

525,439,700

 

 

 

 

 

 

 

 

11


 

 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

 

Schedule of Investments October 31, 2009 (Unaudited)

 

 

 

  *

The cost and unrealized appreciation (depreciation) of investments as of October 31, 2009, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

780,002,356

 

 

 

Gross unrealized appreciation

 

$

21,505,391

 

Gross unrealized depreciation

 

 

(23,910,879

)

 

 

Net unrealized depreciation

 

$

(2,405,488

)

 

 

 

 

(a)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

 

(b)

Security is collateralized by Municipal or US Treasury Obligations.

 

 

(c)

US government securities, held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

 

 

(d)

Securities represent bonds transferred to a tender option bond trust in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

 

(e)

Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:

 

 

 

 

 

 

 

 

Affiliate

 

Net Activity

 

Income

 

CMA New York Municipal Money Fund

 

$

5,800,817

 

$

1,084

 

 

 

(f)

Represents the current yield as of report date.

12


 

BlackRock MuniYield New York Insured Fund, Inc. (MYN)

 

Schedule of Investments October 31, 2009 (Unaudited)

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

 

•

Level 1 - price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

 

 

 

•

Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments)

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.

 

 

 

 

The following table summarizes the inputs used as of October 31, 2009 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

Valuation
Inputs

 

Investments in
Securities

 

 

 

Assets

 

 

 

Level 1 - Short-Term Securities

 

$

18,608,056

 

Level 2 - Long-Term Investments1

 

 

826,603,617

 

Level 3

 

 

—

 

Total

 

$

845,211,673

 

 

 

 

 

1

See above Schedule of Investments for values in each sector.

13

 

 

Item 2 – Controls and Procedures

 

 

2(a) –

The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.

 

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3 – Exhibits

 

 

 

Certifications – Attached hereto

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

BlackRock MuniYield New York Insured Fund, Inc.

 

 

 

 

By:

/s/ Anne F. Ackerley

 

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer of

 

 

BlackRock MuniYield New York Insured Fund, Inc.

 

 

 

 

Date: December 18, 2009

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

 

 

By:

/s/ Anne F. Ackerley

 

 

 

 

Anne F. Ackerley

 

 

Chief Executive Officer (principal executive officer) of

 

 

BlackRock MuniYield New York Insured Fund, Inc.

 

 

 

 

Date: December 18, 2009

 

 

 

 

By:

/s/ Neal J. Andrews

 

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of

 

 

BlackRock MuniYield New York Insured Fund, Inc.

 

 

 

 

Date: December 18, 2009