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:         12/31/13         
 
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)
     
   
December 31, 2013
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 98.5%
     
   
MUNICIPAL BONDS – 98.5%
     
   
Consumer Discretionary – 0.2%
     
$ 100
 
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
9/15 at 100.00
BBB
$    97,691
   
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
     
   
Consumer Staples – 1.5%
     
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
     
335
 
4.750%, 6/01/22
6/16 at 100.00
BBB–
324,260
540
 
5.000%, 6/01/26
6/16 at 100.00
BB–
468,547
875
 
Total Consumer Staples
   
792,807
   
Education and Civic Organizations – 22.5%
     
100
 
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
98,851
   
2007A, 5.000%, 7/01/31
     
165
 
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
BB+
138,810
   
Schools, Series 2007A, 5.000%, 4/01/37
     
280
 
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
12/20 at 100.00
B
282,811
   
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
     
30
 
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
30,156
   
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
394,297
   
2007A, 5.000%, 7/01/41 – RAAI Insured
     
150
 
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/23 at 100.00
A–
150,000
   
Series 2013A, 5.000%, 7/01/44
     
1,000
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
No Opt. Call
A
1,010,040
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
     
50
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/15 at 100.00
Aa2
51,880
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
     
2,000
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
7/17 at 100.00
A
1,986,340
   
5.000%, 7/01/37 – FGIC Insured
     
1,000
 
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
4/21 at 100.00
AAA
1,054,610
   
2011A, 5.000%, 10/01/41
     
1,800
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
7/20 at 100.00
Aa1
1,870,488
   
University, Series 2010A, 5.000%, 7/01/40
     
120
 
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
7/20 at 100.00
Baa1
120,392
   
2010, 5.250%, 7/01/35
     
815
 
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba1
693,793
   
College Refunding, Series 2007-A1, 5.000%, 8/01/46
     
100
 
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A
100,563
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35
     
110
 
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
9/23 at 100.00
A
110,495
   
Project, Series 2013, 5.000%, 9/01/38
     
2,000
 
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
7/21 at 100.00
AA–
2,031,240
   
Rochester Project, Series 2011B, 5.000%, 7/01/41
     
100
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.
10/14 at 100.00
A–
100,259
   
Francis College, Series 2004, 5.000%, 10/01/34
     
100
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Vaughn
12/16 at 100.00
BB
92,174
   
College of Aeronautics, Series 2006A, 5.000%, 12/01/28
     
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
     
   
Stadium Project, Series 2006:
     
500
 
5.000%, 1/01/31 – AMBAC Insured
1/17 at 100.00
Ba1
459,915
430
 
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
Ba1
342,125
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
     
   
Project, Series 2006:
     
590
 
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
536,210
300
 
4.750%, 3/01/46 – NPFG Insured
9/16 at 100.00
A
287,523
65
 
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
10/17 at 100.00
BBB
65,636
   
College, Series 2007, 5.000%, 10/01/27
     
12,235
 
Total Education and Civic Organizations
   
12,008,608
   
Financials – 2.9%
     
1,050
 
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
1,091,580
   
Series 2005, 5.250%, 10/01/35
     
435
 
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
462,492
   
Series 2007, 5.500%, 10/01/37
     
1,485
 
Total Financials
   
1,554,072
   
Health Care – 11.5%
     
1,000
 
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series
11/17 at 100.00
A
1,026,500
   
2008A, 5.250%, 11/15/32
     
1,000
 
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
3/16 at 100.00
A+
984,590
   
Series 2006, 5.000%, 3/01/41
     
450
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
2/15 at 100.00
A
458,411
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
     
100
 
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
7/20 at 100.00
A2
102,351
   
Series 2010, 5.200%, 7/01/32
     
   
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
     
   
Revenue Bonds, Series 2008:
     
250
 
6.000%, 12/01/15
No Opt. Call
Ba1
251,870
160
 
6.500%, 12/01/21
12/18 at 100.00
Ba1
164,242
210
 
6.125%, 12/01/29
12/18 at 100.00
Ba1
208,616
405
 
6.250%, 12/01/37
12/18 at 100.00
Ba1
388,792
950
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA
953,164
   
Center, Series 2006-1, 5.000%, 7/01/35
     
350
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
8/14 at 100.00
AA–
360,542
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
     
750
 
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
799,103
   
2011A, 6.000%, 7/01/40
     
   
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
     
   
Health System, Series 2007A:
     
100
 
5.250%, 2/01/27
2/17 at 100.00
BBB–
96,457
90
 
5.500%, 2/01/32
2/17 at 100.00
BBB–
84,457
240
 
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
3/14 at 100.00
B+
238,697
   
Series 2001B, 7.125%, 7/01/31
     
6,055
 
Total Health Care
   
6,117,792
   
Housing/Multifamily – 1.0%
     
250
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/14 at 100.00
AA
253,035
   
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
276,100
   
11/01/38 (Alternative Minimum Tax)
     
525
 
Total Housing/Multifamily
   
529,135
   
Housing/Single Family – 4.4%
     
2,320
 
New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%,
4/14 at 100.00
Aaa
2,320,812
   
10/01/31 (Alternative Minimum Tax)
     
   
Long-Term Care – 3.7%
     
100
 
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
11/16 at 100.00
B1
83,640
   
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
43,786
   
5.000%, 7/01/35 – ACA Insured
     
1,390
 
East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds,
8/14 at 100.00
AAA
1,400,898
   
Jewish Home of Rochester, Series 2002, 4.625%, 2/15/17
     
200
 
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
171,864
   
Project, Series 2006A, 6.000%, 11/15/36
     
25
 
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/16 at 100.00
N/R
24,422
   
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
260,565
   
Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18
     
2,040
 
Total-Long Term Care
   
1,985,175
   
Materials – 0.2%
     
90
 
Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,
3/14 at 100.00
BBB
90,007
   
International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)
     
   
Tax Obligation/General – 6.3%
     
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
1,427,492
200
 
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –
3/15 at 100.00
AA
210,650
   
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
1,086,130
600
 
Yonkers, New York, General Obligation Bonds, Series 2011A, 5.000%, 10/01/24 – AGM Insured
10/21 at 100.00
AA–
646,752
3,060
 
Total Tax Obligation/General
   
3,371,024
   
Tax Obligation/Limited – 29.2%
     
1,050
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
No Opt. Call
AAA
1,094,037
   
Purpose Series 2012D, 5.000%, 2/15/37
     
2,000
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
2,127,540
   
2011A, 5.750%, 2/15/47
     
1,500
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47
2/17 at 100.00
A
1,486,575
5,800
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series
No Opt. Call
AA
2,398,531
   
2012A, 0.000%, 11/15/32
     
   
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
259,045
200
 
5.000%, 10/15/26 – NPFG Insured
10/14 at 100.00
AAA
206,994
1,225
 
5.000%, 10/15/29 – AMBAC Insured
10/14 at 100.00
AAA
1,260,292
600
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
AA–
635,352
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
     
10
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
3/14 at 100.00
AAA
10,039
   
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
604,098
   
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
595,648
   
Option Bond Trust 3545, 13.923%, 5/01/32 (IF)
     
1,000
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
2/21 at 100.00
AAA
1,085,400
   
Subordinate Series 2011-D1, 5.250%, 2/01/30
     
775
 
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
12/17 at 100.00
AAA
857,917
   
Series 2008A, 5.000%, 12/15/26 (UB)
     
425
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
10/17 at 100.00
AA
456,586
   
5.000%, 4/01/27
     
570
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%,
No Opt. Call
AA
682,113
   
4/01/20 – AMBAC Insured (UB) (4)
     
1,000
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Tender
3/17 at 100.00
AAA
1,080,180
   
Option Bond Trust 09-6W, 13.181%, 3/15/37 (IF) (4)
     
4,000
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,
No Opt. Call
AA–
689,760
   
0.000%, 8/01/39
     
21,490
 
Total Tax Obligation/Limited
   
15,530,107
   
Transportation – 5.6%
     
500
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
No Opt. Call
A
543,080
   
5.000%, 11/15/15 – FGIC Insured
     
1,000
 
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
6/14 at 100.00
BB
896,020
   
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
     
250
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
11/21 at 100.00
A+
248,815
   
Series 2011, 5.000%, 11/15/44
     
100
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
7/15 at 100.00
AA–
103,809
   
AGM Insured
     
105
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
6/15 at 101.00
AA–
109,734
   
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
AA–
149,280
   
Eighth Series 2008, Trust 2920, 17.724%, 8/15/32 – AGM Insured (IF)
     
405
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
12/23 at 100.00
AA–
423,018
   
Ninth Series 2013, 5.000%, 12/01/38
     
   
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
     
   
Terminal LLC Project, Eighth Series 2010:
     
290
 
6.500%, 12/01/28
12/15 at 100.00
BBB
302,250
215
 
6.000%, 12/01/36
12/20 at 100.00
BBB
230,022
2,985
 
Total Transportation
   
3,006,028
   
U.S. Guaranteed – 3.0% (5)
     
490
 
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
No Opt. Call
Aaa
538,098
   
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
     
500
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/14 at 100.00
AA– (5)
509,370
   
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured
     
300
 
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
8/14 at 100.00
Aa2 (5)
309,522
   
(Pre-refunded 8/15/14)
     
250
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
4/14 at 100.00
AA (5)
253,048
   
2004A, 5.000%, 4/01/21 (Pre-refunded 4/01/14) – NPFG Insured
     
1,540
 
Total U.S. Guaranteed
   
1,610,038
   
Utilities – 5.9%
     
550
 
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
2/20 at 100.00
Baa3
555,137
   
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
     
35
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
33,494
   
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
A
611,981
430
 
5.000%, 12/01/25 – FGIC Insured
6/16 at 100.00
A
460,414
400
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A–
403,148
   
5.000%, 5/01/38
     
735
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
638,325
   
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42
     
405
 
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013 TE,
12/23 at 100.00
AAA
425,412
   
5.000%, 12/15/41
     
3,125
 
Total Utilities
   
3,127,911
   
Water and Sewer – 0.6%
     
275
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
6/18 at 100.00
AA+
318,098
   
Bonds, Tender Option Bond Trust 3484, 18.135%, 6/15/32 (IF)
     
$ 58,200
 
Total Long-Term Investments (cost $52,306,179)
   
52,459,305
   
Floating Rate Obligations – (1.9)%
   
(1,005,000)
   
Other Assets Less Liabilities – 3.4%
   
1,785,603
   
Net Assets – 100%
   
$ 53,239,908
 
 
 
 

 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
         
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
       
   Municipal Bonds
$ —
$52,459,305
$ —
$52,459,305
 
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.
 
As of December 31, 2013, the cost of investments was $51,274,557.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2013, were as follows:
   
Gross unrealized:
 
   Appreciation
$ 1 ,419,030
   Depreciation
(1,236,733)
Net unrealized appreciation (depreciation) of investments
$    182,297
 
 
     
(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 Investors 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. Holdings designated N/R are not rated by any
   
of these national rating agencies.
(4)
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(5)
 
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. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(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:         February 28, 2014        
 
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:         February 28, 2014        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         February 28, 2014