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 Quality Fund, Inc. (MYN)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield New York Quality 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: 07/31/2011

 

Date of reporting period: 04/30/2011

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments April 30, 2011 (Unaudited)

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

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 113.4%

 

 

 

 

 

 

 

Corporate — 5.8%

 

 

 

 

 

 

 

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

 

$

1,500

 

$

1,515,855

 

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

 

 

900

 

 

880,569

 

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

 

 

1,500

 

 

1,523,760

 

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

 

 

4,750

 

 

4,770,568

 

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

 

 

4,625

 

 

4,416,829

 

Suffolk County Industrial Development
Agency New York, Refunding RB,
Ogden Martin System Huntington,
AMT (AMBAC):

 

 

 

 

 

 

 

6.15%, 10/01/11

 

 

9,170

 

 

9,376,050

 

6.25%, 10/01/12

 

 

6,470

 

 

6,920,635

 

 

 

 

 

 

 

 

 

 

 

 

29,404,266

 

County/City/Special District/School District — 32.8%

 

 

 

 

 

 

 

Amherst Development Corp., RB,
University at Buffalo Foundation
Faculty-Student Housing Corp.,
Series A (AGM), 4.63%, 10/01/40

 

 

2,000

 

 

1,725,420

 

City of Buffalo New York, GO, School,
Series D (NPFGC), 5.50%, 12/15/11

 

 

2,750

 

 

2,839,293

 

City of New York New York, GO,
Refunding:

 

 

 

 

 

 

 

Series 02-B (AMBAC), 7.00%,
2/01/18

 

 

70

 

 

70,351

 

Series E, 5.00%, 8/01/27

 

 

1,070

 

 

1,120,001

 

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

 

 

1,700

 

 

1,730,158

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

County/City/Special District/School
District (continued)

 

 

 

 

 

 

 

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

 

$

1,900

 

$

1,970,832

 

Hudson Yards Infrastructure Corp., RB,
Series A:

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

750

 

 

628,920

 

(FGIC), 5.00%, 2/15/47

 

 

11,000

 

 

9,224,160

 

(NPFGC), 4.50%, 2/15/47

 

 

17,525

 

 

13,266,600

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium, PILOT (AGC),
6.54%, 3/01/39 (b)

 

 

5,000

 

 

870,300

 

CAB, Yankee Stadium, PILOT (AGC),
6.48%, 3/01/43 (b)

 

 

4,330

 

 

568,442

 

Queens Baseball Stadium, PILOT
(AGC), 6.38%, 1/01/39

 

 

1,000

 

 

1,037,610

 

Queens Baseball Stadium, PILOT
(AMBAC), 5.00%, 1/01/36

 

 

11,800

 

 

9,737,950

 

Queens Baseball Stadium, PILOT
(AMBAC), 5.00%, 1/01/39

 

 

5,250

 

 

4,290,405

 

Queens Baseball Stadium, PILOT
(AMBAC), 5.00%, 1/01/46

 

 

4,875

 

 

3,877,575

 

Yankee Stadium, PILOT (FGIC),
5.00%, 3/01/46

 

 

9,650

 

 

8,232,319

 

Yankee Stadium, PILOT (NPFGC),
5.00%, 3/01/36

 

 

3,500

 

 

3,116,785

 

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

 

 

1,020

 

 

1,023,488

 

New York City Transitional Finance
Authority, RB:

 

 

 

 

 

 

 

Fiscal 2008, Series S-1, 4.50%,
1/15/38

 

 

1,700

 

 

1,526,855

 

Fiscal 2009, Series S-1 (AGC),
5.50%, 7/15/38

 

 

6,000

 

 

6,157,380

 

Fiscal 2009, Series S-4 (AGC),
5.50%, 1/15/39

 

 

1,500

 

 

1,542,555

 

Future Tax Secured, Series C (FGIC),
5.00%, 2/01/33

 

 

12,395

 

 

12,394,008

 

Future Tax Secured, Series E
(NPFGC), 5.25%, 2/01/22

 

 

2,500

 

 

2,625,200

 

 

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:

 

 

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

BHAC

Berkshire Hathaway Assurance Corp.

BOCES

Board of Cooperative Educational Services

CAB

Capital Appreciation Bonds

COP

Certificates of Participation

ERB

Education Revenue Bonds

FGIC

Financial Guaranty Insurance Co.

FHA

Federal Housing Administration

GO

General Obligation Bonds

HFA

Housing Finance Agency

IDRB

Industrial Development Revenue Bonds

MRB

Mortgage Revenue Bonds

NPFGC

National Public Finance Guarantee Corp.

PILOT

Payment in Lieu of Taxes

RB

Revenue Bonds

SONYMA

State of New York Mortgage Agency

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011

1


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

County/City/Special District/School
District (concluded)

 

 

 

 

 

 

 

New York City Transitional Finance
Authority, RB (concluded):

 

 

 

 

 

 

 

Series S-2 (AGM), 5.00%, 1/15/37

 

$

5,000

 

$

4,942,550

 

Series S-2 (NPFGC), 4.25%,
1/15/34

 

 

5,980

 

 

5,303,423

 

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

 

 

1,000

 

 

1,034,610

 

New York Convention Center
Development Corp., RB, Hotel Unit
Fee Secured (AMBAC):

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

1,500

 

 

1,477,890

 

5.00%, 11/15/35

 

 

32,750

 

 

31,235,967

 

5.00%, 11/15/44

 

 

14,470

 

 

13,223,265

 

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

 

 

840

 

 

906,410

 

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

 

 

11,200

 

 

11,366,656

 

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

 

 

6,150

 

 

4,430,522

 

Town of Huntington New York, GO,
Refunding (AMBAC):

 

 

 

 

 

 

 

5.50%, 4/15/12

 

 

460

 

 

482,807

 

5.50%, 4/15/13

 

 

455

 

 

498,220

 

Town of North Hempstead New York,
GO, Refunding, Series B (NPFGC):

 

 

 

 

 

 

 

6.40%, 4/01/13

 

 

1,745

 

 

1,929,255

 

6.40%, 4/01/17

 

 

555

 

 

677,411

 

 

 

 

 

 

 

 

 

 

 

 

167,085,593

 

Education — 13.0%

 

 

 

 

 

 

 

City of Troy New York, Refunding RB,
Rensselaer Polytechnic, Series A,
5.13%, 9/01/40

 

 

5,725

 

 

5,477,852

 

Madison County Industrial Development
Agency New York, RB, Colgate
University Project, Series A (AMBAC):

 

 

 

 

 

 

 

5.00%, 7/01/30

 

 

5,410

 

 

5,486,876

 

5.00%, 7/01/35

 

 

2,675

 

 

2,667,376

 

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

 

 

1,275

 

 

1,339,910

 

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

 

 

5,500

 

 

5,730,890

 

New York City Trust for Cultural
Resources, Refunding RB, Museum of
Modern Art, Series 1A, 5.00%,
4/01/31

 

 

1,000

 

 

1,022,350

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

Convent of the Sacred Heart (AGM),
5.75%, 11/01/40

 

 

2,075

 

 

2,108,117

 

Cornell University, Series A,
5.00%, 7/01/40

 

 

1,000

 

 

1,017,600

 

Fordham University, Series A,
5.00%, 7/01/28

 

 

325

 

 

329,638

 

Fordham University, Series A,
5.50%, 7/01/36

 

 

1,550

 

 

1,576,443

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

Mount Sinai School of Medicine,
5.13%, 7/01/39

 

$

665

 

$

632,176

 

Mount Sinai School of Medicine at
NYU (NPFGC), 5.00%, 7/01/35

 

 

7,100

 

 

6,736,977

 

New York University, Series 1
(AMBAC), 5.50%, 7/01/40

 

 

4,580

 

 

4,799,474

 

New York University, Series A
(AMBAC), 5.00%, 7/01/37

 

 

4,705

 

 

4,657,244

 

Rockefeller University, Series A1,
5.00%, 7/01/32 (a)

 

 

2,500

 

 

2,514,250

 

The New School (AGM), 5.50%,
7/01/43

 

 

6,550

 

 

6,648,446

 

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

 

 

1,255

 

 

1,264,839

 

Tompkins County Development Corp.,
RB, Ithaca College Project (AGM):

 

 

 

 

 

 

 

5.50%, 7/01/33

 

 

500

 

 

513,930

 

5.25%, 7/01/36

 

 

860

 

 

850,463

 

Trust for Cultural Resources, RB,
Carnegie Hall, Series A:

 

 

 

 

 

 

 

4.75%, 12/01/39

 

 

3,550

 

 

3,278,709

 

5.00%, 12/01/39

 

 

2,150

 

 

2,064,645

 

Trust for Cultural Resources, Refunding
RB, American Museum of Natural
History, Series A (NPFGC):

 

 

 

 

 

 

 

5.00%, 7/01/36

 

 

4,750

 

 

4,729,432

 

5.00%, 7/01/44

 

 

500

 

 

489,655

 

 

 

 

 

 

 

 

 

 

 

 

65,937,292

 

Health — 8.6%

 

 

 

 

 

 

 

Dutchess County Industrial
Development Agency, RB, Vassar
Brothers Medical Center (AGC):

 

 

 

 

 

 

 

5.50%, 4/01/30

 

 

250

 

 

247,958

 

5.50%, 4/01/34

 

 

490

 

 

481,209

 

Monroe County Industrial Development
Corp., RB, Unity Hospital of Rochester
Project (FHA), 5.50%, 8/15/40

 

 

4,650

 

 

4,669,112

 

New York City Health & Hospital Corp.,
Refunding RB, Health System,
Series A, 5.00%, 2/15/30

 

 

2,200

 

 

2,121,878

 

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

 

 

7,970

 

 

8,291,111

 

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

 

 

1,500

 

 

1,456,740

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

Healthcare, Series A, 5.00%,
3/15/38

 

 

2,000

 

 

2,003,760

 

Hudson Valley Hospital (BHAC),
5.00%, 8/15/36

 

 

6,500

 

 

6,435,065

 

NYU Hospital Center, Series A,
5.75%, 7/01/31

 

 

3,450

 

 

3,445,584

 

NYU Hospital Center, Series A,
6.00%, 7/01/40

 

 

1,100

 

 

1,102,200

 

New York & Presbyterian Hospital
(AGM), 5.25%, 2/15/31

 

 

3,000

 

 

3,057,840

 

 

 

 

2

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Health (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

New York & Presbyterian Hospital
(AGM), 5.00%, 8/15/36

 

$

5,000

 

$

4,880,400

 

North Shore-Long Island Jewish
Health System, Series A, 5.50%,
5/01/37

 

 

2,075

 

 

2,013,601

 

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

 

 

2,900

 

 

2,702,017

 

Oneida County Industrial Development
Agency New York, RB, Civic Facility,
Mohawk Valley, Series a (AGM),
5.20%, 2/01/13

 

 

720

 

 

726,134

 

 

 

 

 

 

 

 

 

 

 

 

43,634,609

 

Housing — 3.8%

 

 

 

 

 

 

 

Monroe County Industrial Development
Agency, IDRB, Southview Towers
Project, AMT (SONYMA):

 

 

 

 

 

 

 

6.13%, 2/01/20

 

 

1,060

 

 

1,066,519

 

6.25%, 2/01/31

 

 

1,125

 

 

1,130,220

 

New York City Housing Development
Corp., RB, AMT:

 

 

 

 

 

 

 

Series A-1-A, 5.00%, 11/01/30

 

 

750

 

 

691,988

 

Series A-1-A, 5.45%, 11/01/46

 

 

1,335

 

 

1,196,173

 

Series C, 5.00%, 11/01/26

 

 

1,500

 

 

1,482,795

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

1,786,900

 

Series H-1, 4.70%, 11/01/40

 

 

1,340

 

 

1,167,542

 

Series H-2-A, 5.20%, 11/01/35

 

 

840

 

 

774,505

 

Series H-2-A, 5.35%, 5/01/41

 

 

600

 

 

539,898

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

Homeowner Mortgage, Series 97,
5.50%, 4/01/31

 

 

980

 

 

976,433

 

Series 133, 4.95%, 10/01/21

 

 

520

 

 

526,297

 

Series 143, 4.85%, 10/01/27

 

 

1,100

 

 

1,030,744

 

Series 143, 4.90%, 10/01/37

 

 

980

 

 

893,466

 

Series 143 (NPFGC), 4.85%,
10/01/27

 

 

2,485

 

 

2,385,923

 

New York State HFA, RB, St. Philip’s
Housing, Series A, AMT (Fannie Mae),
4.65%, 11/15/38

 

 

1,500

 

 

1,341,615

 

Yonkers Industrial Development Agency
New York, RB, Monastery Manor
Associates LP Project, AMT (SONYMA),
5.25%, 4/01/37

 

 

2,445

 

 

2,235,170

 

 

 

 

 

 

 

 

 

 

 

 

19,226,188

 

State — 8.6%

 

 

 

 

 

 

 

New York State Dormitory Authority,
ERB, Series C, 5.00%, 12/15/31

 

 

6,230

 

 

6,336,533

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

Master BOCES Program Lease
(AGC), 5.00%, 8/15/28

 

 

1,750

 

 

1,805,002

 

Mental Health Facilities, Series B,
5.25%, 2/15/14 (c)

 

 

1,570

 

 

1,751,790

 

Mental Health Services Facilities,
Series C, AMT (AGM), 5.40%,
2/15/33

 

 

6,460

 

 

6,297,919

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

School Districts Financing Program,
Series A (AGM), 5.00%, 10/01/35

 

$

550

 

$

543,862

 

School Districts Financing Program,
Series C (AGM), 5.00%, 10/01/37

 

 

4,050

 

 

3,974,103

 

School Districts Financing Program,
Series E (NPFGC), 5.75%,
10/01/30

 

 

6,900

 

 

7,194,216

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

Second General, Series B, 5.00%,
4/01/27

 

 

1,500

 

 

1,559,175

 

Series A (AMBAC), 5.00%, 4/01/26

 

 

4,380

 

 

4,581,787

 

New York State Urban Development
Corp., RB (NPFGC):

 

 

 

 

 

 

 

Personal Income Tax, Series C-1,
5.00%, 3/15/13 (c)

 

 

3,000

 

 

3,247,020

 

State Personal Income Tax, State
Facilities, Series A-1, 5.00%,
3/15/29

 

 

5,000

 

 

5,107,150

 

State of New York, GO, Series A,
4.75%, 2/15/37

 

 

1,500

 

 

1,488,870

 

 

 

 

 

 

 

 

 

 

 

 

43,887,427

 

Tobacco — 1.8%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
New York, RB, Asset-Backed:

 

 

 

 

 

 

 

Series A-1 (AMBAC), 5.25%,
6/01/20

 

 

5,000

 

 

5,300,950

 

Series A-1 (AMBAC), 5.25%,
6/01/22

 

 

2,000

 

 

2,111,660

 

Series B-1C, 5.50%, 6/01/22

 

 

1,900

 

 

2,002,144

 

 

 

 

 

 

 

 

 

 

 

 

9,414,754

 

Transportation — 27.7%

 

 

 

 

 

 

 

Hudson Yards Infrastructure Corp., RB:

 

 

 

 

 

 

 

(AGC), 5.00%, 2/15/47

 

 

4,300

 

 

3,773,809

 

Series A (AGC), 5.00%, 2/15/47

 

 

550

 

 

482,697

 

Series A (AGM), 5.00%, 2/15/47

 

 

3,840

 

 

3,374,784

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

Series 2008C, 6.50%, 11/15/28

 

 

3,200

 

 

3,596,800

 

Transportation, Series D, 5.25%,
11/15/29

 

 

1,000

 

 

1,020,290

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A (AGM), 5.00%, 11/15/32

 

 

1,015

 

 

1,009,671

 

Series A (AGM), 5.75%, 11/15/32

 

 

29,300

 

 

29,551,980

 

Series A (NPFGC), 5.13%,
11/15/22

 

 

1,390

 

 

1,441,625

 

Series A (NPFGC), 5.25%,
11/15/31

 

 

2,500

 

 

2,501,400

 

Series B, 5.00%, 11/15/34

 

 

1,500

 

 

1,499,955

 

Series C (AGM), 5.13%, 7/01/12 (c)

 

 

1,640

 

 

1,731,528

 

Transportation, Series F (NPFGC),
5.25%, 11/15/12 (c)

 

 

6,235

 

 

6,697,076

 

Transportation, Series F (NPFGC),
5.00%, 11/15/31

 

 

5,000

 

 

4,868,400

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

Series F (AMBAC), 5.00%, 1/01/30

 

 

6,000

 

 

6,033,540

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011

3


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

New York State Thruway Authority, RB
(concluded):

 

 

 

 

 

 

 

Series G (AGM), 4.75%, 1/01/29

 

$

7,250

 

$

7,279,508

 

Series G (AGM), 4.75%, 1/01/30

 

 

9,000

 

 

8,944,380

 

Series G (AGM), 5.00%, 1/01/30

 

 

2,000

 

 

2,018,600

 

Series G (AGM), 5.00%, 1/01/32

 

 

1,030

 

 

1,036,087

 

Niagara Falls Bridge Commission,
Refunding RB, Bridge System,
Series A (AGC), 4.00%, 10/01/19

 

 

1,900

 

 

1,978,451

 

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

 

 

2,705

 

 

2,708,625

 

Port Authority of New York & New Jersey,
RB:

 

 

 

 

 

 

 

Consolidated, 116th Series, 4.13%,
9/15/32

 

 

2,700

 

 

2,464,668

 

Consolidated, 161st Series, 4.50%,
10/15/37

 

 

1,000

 

 

932,600

 

Consolidated, 163rd Series, 5.00%,
7/15/35

 

 

2,500

 

 

2,512,650

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/11

 

 

7,175

 

 

7,290,876

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/13

 

 

4,425

 

 

4,614,213

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/14

 

 

7,380

 

 

7,726,343

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
5.75%, 12/01/22

 

 

10,160

 

 

9,739,173

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
5.75%, 12/01/25

 

 

3,500

 

 

3,261,615

 

Triborough Bridge & Tunnel Authority,
RB:

 

 

 

 

 

 

 

Sub-Series A (NPFGC), 5.25%,
11/15/30

 

 

6,000

 

 

6,079,560

 

Subordinate Bonds (AMBAC),
5.00%, 11/15/28

 

 

2,465

 

 

2,493,668

 

Triborough Bridge & Tunnel Authority,
Refunding RB, Series C, 5.00%,
11/15/38

 

 

2,000

 

 

1,991,060

 

 

 

 

 

 

 

 

 

 

 

 

140,655,632

 

Utilities — 11.3%

 

 

 

 

 

 

 

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

 

 

3,315

 

 

3,452,838

 

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

 

 

7,000

 

 

7,023,030

 

Long Island Power Authority, Refunding
RB:

 

 

 

 

 

 

 

General, Series A (AGC), 6.00%,
5/01/33

 

 

1,500

 

 

1,616,415

 

General, Series B (AGM), 5.00%,
12/01/35

 

 

4,000

 

 

3,971,840

 

Series A (AGC), 5.75%, 4/01/39

 

 

1,015

 

 

1,062,898

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Utilities (concluded)

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

Series A (NPFGC), 5.75%,
6/15/11 (c)

 

$

14,650

 

$

14,751,671

 

Series B, 5.00%, 6/15/36

 

 

2,000

 

 

2,008,860

 

Series DD, 5.00%, 6/15/32

 

 

5,000

 

 

5,086,650

 

Series DD (AGM), 4.50%, 6/15/39

 

 

1,000

 

 

909,450

 

Series G (AGM), 5.00%, 6/15/34

 

 

4,225

 

 

4,225,591

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

2nd General Resolution,
Fiscal 2011, Series BB, 5.00%,
6/15/31

 

 

1,000

 

 

1,034,010

 

Series A (AGM), 4.25%, 6/15/39

 

 

500

 

 

435,240

 

Series A (NPFGC), 5.13%, 6/15/34

 

 

1,250

 

 

1,254,337

 

Series D (AGM), 5.00%, 6/15/37

 

 

9,000

 

 

9,002,790

 

Series F (AGM), 5.00%, 6/15/29

 

 

500

 

 

500,465

 

New York State Environmental Facilities
Corp., Refunding RB, Revolving Funds,
New York City Municipal Water,
Series B, 5.00%, 6/15/33

 

 

1,040

 

 

1,061,185

 

 

 

 

 

 

 

 

 

 

 

 

57,397,270

 

Total Municipal Bonds in New York

 

 

 

 

 

576,643,031

 

Guam — 1.3%

 

 

 

 

 

 

 

Transportation — 0.8%

 

 

 

 

 

 

 

Guam International Airport Authority,
Refunding RB, General, Series C, AMT
(NPFGC):

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

2,240

 

 

2,246,115

 

5.25%, 10/01/22

 

 

2,050

 

 

2,053,936

 

 

 

 

 

 

 

 

 

 

 

 

4,300,051

 

Utilities — 0.5%

 

 

 

 

 

 

 

Guam Power Authority, Refunding RB,
Series A (AGM), 5.00%, 10/01/37

 

 

2,730

 

 

2,460,249

 

Total Municipal Bonds in Guam

 

 

 

 

 

6,760,300

 

Puerto Rico — 16.4%

 

 

 

 

 

 

 

County/City/Special District/
School District — 0.7%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A (AGM), 5.00%,
8/01/40

 

 

2,100

 

 

1,962,387

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.76%, 8/01/41 (b)

 

 

12,800

 

 

1,710,080

 

 

 

 

 

 

 

 

 

 

 

 

3,672,467

 

Housing — 0.8%

 

 

 

 

 

 

 

Puerto Rico Housing Finance Authority,
Refunding RB, Subordinate, Capital
Fund Modernization, 5.13%,
12/01/27

 

 

4,000

 

 

4,016,040

 

State — 7.6%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding:

 

 

 

 

 

 

 

Public Improvement, Series A
(AGM), 6.00%, 7/01/34

 

 

580

 

 

589,657

 

Public Improvement, Series A
(NPFGC), 5.50%, 7/01/20

 

 

2,000

 

 

2,070,460

 

Public Improvement, Series A-4
(AGM), 5.25%, 7/01/30

 

 

2,050

 

 

2,001,436

 

 

 

 

4

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding (concluded):

 

 

 

 

 

 

 

Sub-Series C-7 (NPFGC), 6.00%,
7/01/27

 

$

2,000

 

$

2,042,980

 

Sub-Series C-7 (NPFGC), 6.00%,
7/01/28

 

 

4,775

 

 

4,869,163

 

Puerto Rico Commonwealth
Infrastructure Financing Authority, RB,
CAB, Series A (b):

 

 

 

 

 

 

 

(AMBAC), 4.67%, 7/01/35

 

 

3,900

 

 

663,078

 

(AMBAC), 5.02%, 7/01/43

 

 

8,000

 

 

718,080

 

(FGIC), 4.62%, 7/01/31

 

 

22,030

 

 

5,327,735

 

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

 

 

4,000

 

 

3,531,040

 

Puerto Rico Highway & Transportation
Authority, Refunding RB, Series CC
(AGM):

 

 

 

 

 

 

 

5.50%, 7/01/31

 

 

2,500

 

 

2,484,725

 

5.25%, 7/01/32

 

 

1,000

 

 

949,700

 

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

 

 

2,850

 

 

2,906,202

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A:

 

 

 

 

 

 

 

5.63%, 8/01/30

 

 

2,000

 

 

1,996,300

 

5.75%, 8/01/37

 

 

8,150

 

 

7,987,000

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.98%, 8/01/43 (b)

 

 

4,000

 

 

464,600

 

 

 

 

 

 

 

 

 

 

 

 

38,602,156

 

Transportation — 4.8%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB:

 

 

 

 

 

 

 

Series G (FGIC), 5.25%, 7/01/13 (c)

 

 

655

 

 

721,076

 

Series G (FGIC), 5.25%, 7/01/19

 

 

2,265

 

 

2,282,848

 

Series G (FGIC), 5.25%, 7/01/21

 

 

345

 

 

345,569

 

Series Y (AGM), 6.25%, 7/01/21

 

 

6,275

 

 

6,892,962

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

Series AA-1 (AGM), 4.95%, 7/01/26

 

 

8,690

 

 

8,472,229

 

Series CC (AGM), 5.50%, 7/01/29

 

 

2,500

 

 

2,528,500

 

Series D, 5.75%, 7/01/12 (c)

 

 

3,000

 

 

3,184,560

 

 

 

 

 

 

 

 

 

 

 

 

24,427,744

 

Utilities — 2.5%

 

 

 

 

 

 

 

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

 

 

9,980

 

 

8,832,300

 

Puerto Rico Electric Power Authority, RB,
Series RR (NPFGC), 5.00%, 7/01/24

 

 

1,000

 

 

987,120

 

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

 

 

3,000

 

 

2,826,870

 

 

 

 

 

 

 

 

 

 

 

 

12,646,290

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

83,364,697

 

Total Municipal Bonds – 131.1%

 

 

 

 

 

666,768,028

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

Par
(000)

 

Value

 

New York — 29.5%

 

 

 

 

 

 

 

County/City/Special District/
School District — 11.8%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

$

6,750

 

$

7,105,995

 

Sub-Series C-3 (AGC), 5.75%,
8/15/28

 

 

14,400

 

 

15,799,392

 

New York State Dormitory Authority, RB,
State University Dormitory Facilities,
Series A, 5.25%, 7/01/29

 

 

6,000

 

 

6,308,700

 

Sales Tax Asset Receivable Corp., RB,
Series A (AMBAC):

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

14,500

 

 

15,282,637

 

5.00%, 10/15/32

 

 

14,500

 

 

15,282,638

 

 

 

 

 

 

 

 

 

 

 

 

59,779,362

 

Education — 1.3%

 

 

 

 

 

 

 

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

 

 

6,498

 

 

6,421,512

 

State — 1.7%

 

 

 

 

 

 

 

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

 

 

7,850

 

 

8,478,157

 

Transportation — 13.3%

 

 

 

 

 

 

 

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

 

 

3,901

 

 

3,915,986

 

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

 

 

8,460

 

 

8,449,340

 

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

 

 

16,000

 

 

16,094,560

 

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

 

 

10,000

 

 

9,857,000

 

Port Authority of New York & New Jersey,
RB, Consolidated, 155th Series, AMT
(AGM), 5.13%, 7/15/30

 

 

2,500

 

 

2,515,125

 

Triborough Bridge & Tunnel Authority,
Refunding RB (NPFGC):

 

 

 

 

 

 

 

5.25%, 11/15/23

 

 

7,000

 

 

7,290,430

 

5.00%, 11/15/32

 

 

19,677

 

 

19,731,877

 

 

 

 

 

 

 

 

 

 

 

 

67,854,318

 

Utilities — 1.4%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

Fiscal 2009, Series A, 5.75%,
6/15/40

 

 

4,094

 

 

4,392,578

 

Series FF-2, 5.50%, 6/15/40

 

 

2,759

 

 

2,876,507

 

 

 

 

 

 

 

 

 

 

 

 

7,269,085

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts – 29.5%

 

 

 

 

 

149,802,434

 

Total Long-Term Investments
(Cost – $834,563,753) – 160.6%

 

 

 

 

 

816,570,462

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011

5


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

Value

 

BIF New York Municipal Money Fund,
0.00% (e)(f)

 

 

6,855,195

 

$

6,855,195

 

Total Short-Term Securities
(Cost – $6,855,195) – 1.4%

 

 

 

 

 

6,855,195

 

Total Investments
(Cost – $841,418,948*) – 162.0%

 

 

 

 

 

823,425,657

 

Other Assets Less Liabilities – 2.2%

 

 

 

 

 

11,405,923

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable – (15.5)%

 

 

 

 

 

(78,690,150

)

Preferred Shares, at Redemption Value – (48.7)%

 

 

 

 

 

(247,726,660

)

 

 

 

 

 

Net Assets – 100.0%

 

 

 

 

$

508,414,770

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of April 30, 2011, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

763,563,534

 

 

 

Gross unrealized appreciation

 

$

14,527,885

 

Gross unrealized depreciation

 

 

(33,280,566

)

 

 

Net unrealized depreciation

 

$

(18,752,681

)

 

 

 

 

(a)

Variable rate security. Rate shown is as of report date.

 

 

(b)

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

 

 

(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 during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
July 31, 2010

 

Net
Activity

 

Shares
Held at
April 30, 2011

 

Income

 

BIF New York
Municipal
Money Fund

 

 

8,174,307

 

 

(1,319,112

)

 

6,855,195

 

$

12

 

 

 

(f)

Represents the current yield as of report date.

 

 

•

For Fund compliance purposes, the Fund’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

 

6

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011


 

 

 

 

Schedule of Investments (concluded)

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

 

 

•

Financial futures contracts sold as of April 30, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

219

 

 

30-Year U.S. Treasury Bond

 

 

Chicago Board of Trade

 

 

June 2011

 

$

26,091,584

 

$

(708,541

)

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are summarized in three broad levels for financial reporting purposes 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 and derivative financial instruments)

The inputs or methodologies 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 derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of April 30, 2011 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Investments1

 

 

—

 

$

816,570,462

 

 

—

 

$

816,570,462

 

Short-Term Securities

 

$

6,855,195

 

 

—

 

 

—

 

 

6,855,195

 

Total

 

$

6,855,195

 

$

816,570,462

 

 

—

 

$

823,425,657

 

 

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

(708,541

)

 

—

 

 

—

 

$

(708,541

)

 

 

 

 

2

Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2011

7

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 13a-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 Quality Fund, Inc.

 

 
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer of
    BlackRock MuniYield New York Quality Fund, Inc.
   
  Date: June 24, 2011
   
  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/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniYield New York Quality Fund, Inc.
   
  Date: June 24, 2011
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield New York Quality Fund, Inc.
     
  Date: June 24, 2011