nq2.htm



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-6624
 
Nuveen New York Select Tax-Free Income Portfolio
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            3/31          
 
Date of reporting period:         6/30/10         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

Item 1. Schedule of Investments
 
  Portfolio of Investments (Unaudited)      
      Nuveen New York Select Tax-Free Income Portfolio (NXN)      
      June 30, 2010      
Principal   Optional Call    
Amount (000) Description (1) Provisions (2) Ratings (3) Value
  Consumer Discretionary – 0.2%      
$ 100  New York City Industrial Development Agency, New York, Liberty Revenue Bonds,  9/15 at 100.00  BB+  $ 90,363 
  IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35       
  Consumer Staples – 1.5%      
  TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:       
375  4.750%, 6/01/22  6/16 at 100.00  BBB  363,304 
540  5.000%, 6/01/26  6/16 at 100.00  BBB  492,323 
915  Total Consumer Staples      855,627 
  Education and Civic Organizations – 8.5%      
100  Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series  7/17 at 100.00  BBB  96,472 
  2007A, 5.000%, 7/01/31       
50  Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter  4/17 at 100.00  N/R  42,265 
  Schools, Series 2007A, 5.000%, 4/01/37       
30  Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure  5/16 at 100.00  BBB–  29,359 
  University, Series 2006, 5.000%, 5/01/23       
430  Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series  7/17 at 100.00  N/R  396,980 
  2007A, 5.000%, 7/01/41 – RAAI Insured       
1,000  Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  No Opt. Call  977,320 
  Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured       
785  Dormitory Authority of the State of New York, Insured Revenue Bonds, Iona College, Series  7/12 at 100.00  BBB  798,832 
  2002, 5.000%, 7/01/22 – SYNCORA GTY Insured       
50  Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  7/15 at 100.00  Aa2  50,640 
  Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured       
110  Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue  No Opt. Call  Aa3  110,021 
  Bonds, City University System, Series 1990C, 7.500%, 7/01/10 – FGIC Insured       
430  Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard  8/17 at 100.00  Baa1  365,513 
  College Project, Series 2007-A2, 4.500%, 8/01/36       
100  Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,  10/15 at 100.00  100,819 
  Civic Facility Project, Series 2005, 5.000%, 10/01/35       
100  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.  10/14 at 100.00  A–  96,985 
  Francis College, Series 2004, 5.000%, 10/01/34       
500  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of  2/11 at 100.00  A–  502,615 
  Greater New York, Series 2002, 5.250%, 8/01/21       
430  New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  1/17 at 100.00  BB+  363,376 
  Stadium Project, Series 2006, 4.750%, 1/01/42 – AMBAC Insured       
590  New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium  9/16 at 100.00  BBB–  519,755 
  Project, Series 2006, 4.500%, 3/01/39 – FGIC Insured       
200  Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities  8/10 at 100.50  BBB–  200,246 
  Financing Authority, Higher Education Revenue Bonds, Ana G. Mendez University System,       
  Series 1999, 5.375%, 2/01/19       
65  Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic  10/17 at 100.00  BBB  64,108 
  College, Series 2007, 5.000%, 10/01/27       
4,970  Total Education and Civic Organizations      4,715,306 
  Financials – 0.8%      
435  Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series  No Opt. Call  A1  455,558 
  2007, 5.500%, 10/01/37       
  Health Care – 14.5%      
450  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  2/15 at 100.00  458,280 
  Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured       
500  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt  8/15 at 100.00  A–  492,340 
  Hospital, Series 2005, 4.900%, 8/15/31       
100  Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,  7/20 at 100.00  A2  100,542 
  Series 2010, 5.200%, 7/01/32       
  Dormitory Authority of the State of New York, Revenue Bonds, Lenox Hill Hospital Obligated       
  Group, Series 2001:       
110  5.375%, 7/01/20  7/11 at 101.00  Ba1  110,155 
100  5.500%, 7/01/30  7/11 at 101.00  Ba1  96,935 
950  Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer  7/16 at 100.00  AA  975,745 
  Center, Series 2006-1, 5.000%, 7/01/35       
670  Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  7/13 at 100.00  AA  711,969 
  Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured       
405  Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian  8/14 at 100.00  AAA  443,669 
  Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured       
1,680  Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University  7/11 at 101.00  N/R  1,717,918 
  Health System Obligated Group, Series 2001A, 5.250%, 7/01/17 – AMBAC Insured       
1,195  Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University  7/11 at 101.00  Baa1  1,221,971 
  Health System Obligated Group, Series 2001B, 5.250%, 7/01/17 – AMBAC Insured       
500  Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University  7/13 at 100.00  Baa1  500,135 
  Hospital Association, Series 2003A, 5.500%, 7/01/32       
  Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida       
  Health System, Series 2007A:       
100  5.250%, 2/01/27  No Opt. Call  BBB–  89,474 
90  5.500%, 2/01/32  No Opt. Call  BBB–  81,464 
750  New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series  2/13 at 100.00  Aa3  793,748 
  2003A, 5.250%, 2/15/21 – AMBAC Insured       
235  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten  7/12 at 101.00  Baa3  238,215 
  Island University Hospital, Series 2002C, 6.450%, 7/01/32       
7,835  Total Health Care      8,032,560 
  Housing/Multifamily – 5.9%      
1,700  Amherst Industrial Development Agency, New York, Revenue Bonds, UBF Faculty/Student Housing  8/12 at 101.00  N/R  1,718,955 
  Corporation, University of Buffalo Creekside Project, Series 2002A, 5.000%, 8/01/22 –       
  AMBAC Insured       
1,000  New Hartford-Sunset Woods Funding Corporation, New York, FHA-Insured Mortgage Revenue Bonds,  8/12 at 101.00  AAA  1,035,530 
  Sunset Woods Apartments II Project, Series 2002, 5.350%, 2/01/20       
250  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,  5/14 at 100.00  AA  255,728 
  Series 2004A, 5.250%, 11/01/30       
275  New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,  11/17 at 100.00  Aa2  276,642 
  11/01/38 (Alternative Minimum Tax)       
3,225  Total Housing/Multifamily      3,286,855 
  Housing/Single Family – 8.2%      
2,000  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 101,  10/11 at 100.00  Aa1  2,017,980 
  5.000%, 10/01/18 (Alternative Minimum Tax)       
2,500  New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%,  4/11 at 100.00  Aaa  2,506,174 
  10/01/31 (Alternative Minimum Tax)       
4,500  Total Housing/Single Family      4,524,154 
  Long-Term Care – 11.5%      
1,795  Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds,  8/11 at 101.00  1,829,644 
  Norwegian Christian Home and Health Center, Series 2001, 5.200%, 8/01/36 – NPFG Insured       
100  Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens  11/16 at 100.00  A1  97,433 
  Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31       
50  Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,  7/15 at 100.00  N/R  32,989 
  5.000%, 7/01/35 – ACA Insured       
2,000  East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds,  8/12 at 101.00  AAA  2,086,659 
  Jewish Home of Rochester, Series 2002, 4.625%, 2/15/17       
1,000  East Rochester Housing Authority, New York, Revenue Bonds, GNMA/FHA-Secured Revenue Bonds,  12/12 at 103.00  AAA  1,048,580 
  St. Mary’s Residence Project, Series 2002A, 5.375%, 12/20/22       
980  New York City Industrial Development Agency, New York, GNMA Collateralized Mortgage Revenue  11/12 at 101.00  AA+  991,809 
  Bonds, Eger Harbor House Inc., Series 2002A, 4.950%, 11/20/32       
25  Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special  7/16 at 100.00  N/R  23,076 
  Needs Facilities Pooled Program, Series 2008-B1, 5.500%, 7/01/18       
275  Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs  7/16 at 101.00  N/R  253,833 
  Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18       
6,225  Total Long-Term Care      6,364,023 
  Materials – 0.2%      
90  Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,  12/13 at 100.00  BBB  89,425 
  International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)       
  Tax Obligation/General – 7.4%      
  Clarkstown, Rickland County, New York, Various Purposes Serial Bonds, Series 1992:       
525  5.600%, 6/15/11 – AMBAC Insured  No Opt. Call  AAA  551,486 
525  5.600%, 6/15/12 – AMBAC Insured  No Opt. Call  AAA  577,306 
1,260  New York City, New York, General Obligation Bonds, Fiscal 2008 Series D, 5.125%, 12/01/25  12/17 at 100.00  AA  1,361,102 
300  New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16  8/14 at 100.00  AA  337,512 
200  New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –  3/15 at 100.00  AA  218,312 
  FGIC Insured       
1,000  New York City, New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%, 6/01/25  6/16 at 100.00  AA  1,062,230 
3,810  Total Tax Obligation/General      4,107,948 
  Tax Obligation/Limited – 18.4%      
600  Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.000%, 11/01/23  11/13 at 100.00  AAA  653,694 
500  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  5/14 at 100.00  AAA  531,715 
  City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured       
500  Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,  7/12 at 100.00  AA–  532,815 
  Series 2002A, 5.500%, 1/01/20 – NPFG Insured       
  New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local       
  Government Assistance Corporation, Series 2004A:       
250  5.000%, 10/15/25 – NPFG Insured  10/14 at 100.00  AAA  269,470 
200  5.000%, 10/15/26 – NPFG Insured  10/14 at 100.00  AAA  215,142 
1,225  5.000%, 10/15/29 – AMBAC Insured  10/14 at 100.00  AAA  1,299,982 
600  New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal  1/17 at 100.00  AA–  628,242 
  Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured       
670  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  2/13 at 100.00  AAA  703,721 
  Series 2003E, 5.000%, 2/01/23 – FGIC Insured       
550  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  11/17 at 100.00  AAA  592,977 
  Series 2007C-1, 5.000%, 11/01/27       
535  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Tender  5/19 at 100.00  AAA  619,150 
  Option Bond Trust 3545, 13.621%, 5/01/32 (IF)       
775  New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,  12/17 at 100.00  AAA  838,558 
  Series 2008A, 5.000%, 12/15/26 (UB)       
250  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Genera1 Series  4/14 at 100.00  AA  266,978 
  2004A, 5.000%, 4/01/21 – NPFG Insured       
425  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,  10/17 at 100.00  AA  453,156 
  5.000%, 4/01/27       
570  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,  No Opt. Call  AA  677,217 
  5.500%, 4/01/20 – AMBAC Insured (UB)       
  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and       
  State Contingency Contract-Backed Bonds, Series 2003A-1:       
1,000  5.250%, 6/01/20 – AMBAC Insured  6/13 at 100.00  AA–  1,070,230 
250  5.250%, 6/01/21 – AMBAC Insured  6/13 at 100.00  AA–  266,023 
500  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  6/13 at 100.00  AA–  542,290 
  State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21       
9,400  Total Tax Obligation/Limited      10,161,360 
  Transportation – 2.0%      
180  Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25  7/11 at 101.00  BBB+  182,747 
500  Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,  No Opt. Call  562,195 
  5.000%, 11/15/15 – FGIC Insured       
100  New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  7/15 at 100.00  AAA  103,439 
  AGM Insured       
105  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth  6/15 at 101.00  Aa2  110,652 
  Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured       
120  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  8/17 at 100.00  AAA  148,872 
  Eighth Series 2008, Trust 2920, 17.380%, 8/15/32 – AGM Insured (IF)       
1,005  Total Transportation      1,107,905 
  U.S. Guaranteed – 4.9% (4)      
220  Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25  7/11 at 101.00  BBB+ (4)  234,683 
  (Pre-refunded 7/15/11)       
880  Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk  No Opt. Call  AAA  1,036,385 
  County Issue, Series 1986, 7.375%, 7/01/16 (ETM)       
250  Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish  5/13 at 100.00  Aaa  282,550 
  Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)       
180  Suffolk County Water Authority, New York, Water Revenue Bonds, Series 1986V,  No Opt. Call  AAA  194,630 
  6.750%, 6/01/12 (ETM)       
880  TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24  7/12 at 100.00  AAA  949,564 
  (Pre-refunded 7/15/12)       
2,410  Total U.S. Guaranteed      2,697,812 
  Utilities – 3.3%      
  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:       
570  5.000%, 12/01/23 – FGIC Insured  6/16 at 100.00  608,179 
430  5.000%, 12/01/25 – FGIC Insured  6/16 at 100.00  451,758 
500  New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New  3/11 at 100.00  503,245 
  York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – NPFG Insured       
250  Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue  11/11 at 101.00  Baa2  256,730 
  Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory       
  put 11/15/12) (Alternative Minimum Tax)       
1,750  Total Utilities      1,819,912 
  Water and Sewer – 12.3%      
2,500  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  6/11 at 101.00  AAA  2,591,724 
  Bonds, Fiscal Series 2001C, 5.125%, 6/15/33       
  New York State Environmental Facilities Corporation, State Clean Water and Drinking Water       
  Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Loan,       
  Series 2002B:       
2,000  5.250%, 6/15/19  6/12 at 100.00  AAA  2,154,079 
2,000  5.000%, 6/15/27  6/12 at 100.00  AAA  2,082,779 
6,500  Total Water and Sewer      6,828,582 
$     53,170  Total Long-Term Investments (cost $53,470,539) – 99.6%      55,137,390 
 
Principal        
Amount (000) Description (1)     Value
  Short-Term Investments – 0.9%      
$          519  State Street Bank Euro Dollar Time Deposit, 0.010%, 7/01/10      $      519,480 
  Total Short-Term Investments (cost $519,480)      519,480 
  Total Investments (cost $53,990,019) – 100.5%      55,656,870 
  Floating Rate Obligations – (1.8)%      (1,005,000)
  Other Assets Less Liabilities – 1.3%      705,615 
  Net Assets – 100%      $ 55,357,485 

Fair Value Measurements
 
In determining the value of the Fund’s investments, various inputs are used. These inputs are summarized in the three broad levels listed below:
 
  Level 1 – Quoted prices in active markets for identical securities.
 
  Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
  Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of June 30, 2010:
 
  Level 1 Level 2 Level 3 Total
Investments:         
Municipal Bonds  $         —  $55,137,390  $ —  $55,137,390 
Short-Term Investments  519,480  —  —  519,480 
Total  $519,480  $55,137,390  $ —  $55,656,870 

Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
At June 30, 2010, the cost of investments was $52,977,433.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2010, were as follows:
 
Gross unrealized:   
   Appreciation  $1,994,547 
   Depreciation  (317,816)
Net unrealized appreciation (depreciation) of investments  $1,676,731 

(1)  All percentages shown in the Portfolio of Investments are based on net assets. 
(2)  Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
  There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
  may be subject to periodic principal paydowns. 
(3)  Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. 
  (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB 
  by Fitch are considered to be below investment grade. 
(4)  Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
  which ensure the timely payment of principal and interest. Such investments are normally considered to 
  be equivalent to AAA rated securities. 
N/R  Not rated. 
(ETM)  Escrowed to maturity. 
(IF)  Inverse floating rate investment. 
(UB)  Underlying bond of an inverse floating rate trust reflected as a financing transaction. 


Item 2. Controls and Procedures.

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") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
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 (17 CFR 270.30a-3(d)) 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.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 

SIGNATURES

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.
 
(Registrant)  Nuveen New York Select Tax-Free Income Portfolio 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         August 27, 2010        
 
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 (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date         August 27, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         August 27, 2010