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: 04/30/2010

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments April 30, 2010 (Unaudited)

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

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 111.4%

 

 

 

 

 

 

 

Corporate — 8.5%

 

 

 

 

 

 

 

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

 

$

1,500

 

$

1,526,895

 

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

 

 

900

 

 

903,735

 

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

 

 

3,000

 

 

3,010,650

 

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

 

 

10,750

 

 

10,652,605

 

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

 

 

4,625

 

 

4,522,788

 

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

 

 

 

 

 

 

 

6.00%, 10/01/10

 

 

8,530

 

 

8,698,297

 

6.15%, 10/01/11

 

 

9,170

 

 

9,726,619

 

6.25%, 10/01/12

 

 

6,470

 

 

7,040,330

 

 

 

 

 

 

 

 

 

 

 

 

46,081,919

 

County/City/Special District/School District — 34.9%

 

 

 

 

 

 

 

City of Buffalo New York, GO, School,
Series D (NPFGC):

 

 

 

 

 

 

 

5.50%, 12/15/14

 

 

1,250

 

 

1,314,438

 

5.50%, 12/15/16

 

 

1,500

 

 

1,558,935

 

City of New York New York, GO,
Refunding, Series 02-B (AMBAC),
7.00%, 2/01/18

 

 

70

 

 

70,333

 

City of New York New York, GO,
Series B (NPFGC):

 

 

 

 

 

 

 

5.75%, 8/01/10 (a)

 

 

915

 

 

936,804

 

5.75%, 8/01/13

 

 

365

 

 

373,267

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

1,000

 

$

1,034,370

 

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

 

 

1,700

 

 

1,746,665

 

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

 

 

1,900

 

 

2,043,089

 

Hudson Yards Infrastructure Corp., RB,
Series A:

 

 

 

 

 

 

 

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

 

 

12,150

 

 

11,679,309

 

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

 

 

17,525

 

 

16,199,759

 

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

 

 

1,675

 

 

1,702,721

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium (AGC), 6.49%,
3/01/39 (b)

 

 

5,000

 

 

980,550

 

CAB, Yankee Stadium (AGC), 6.43%,
3/01/43 (b)

 

 

5,830

 

 

852,987

 

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

 

 

1,000

 

 

1,101,600

 

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

 

 

11,800

 

 

10,460,464

 

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

 

 

5,250

 

 

4,613,018

 

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

 

 

9,900

 

 

8,578,845

 

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

 

 

9,650

 

 

9,142,507

 

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

 

 

4,650

 

 

4,518,312

 

 

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.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

BHAC

Berkshire Hathaway Assurance Corp.

CAB

Capital Appreciation Bonds

CIFG

CDC IXIS Financial Guaranty

COP

Certificates of Participation

ERB

Education Revenue Bonds

FGIC

Financial Guaranty Insurance Co.

FHA

Federal Housing Administration

FNMA

Federal National Mortgage Association

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 INSURED FUND, INC.

APRIL 30, 2010

1


 

 

 

 

Schedule of Investments (continued)

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

 

$

1,020

 

$

1,033,709

 

New York City Transitional Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,700

 

 

1,665,592

 

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

 

 

6,000

 

 

6,540,780

 

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

 

 

1,500

 

 

1,642,035

 

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

 

 

12,395

 

 

12,739,457

 

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

 

 

2,500

 

 

2,680,725

 

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

 

 

5,000

 

 

5,172,300

 

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

 

 

5,980

 

 

5,742,893

 

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

 

 

1,000

 

 

1,047,330

 

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

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

1,500

 

 

1,510,065

 

5.00%, 11/15/35

 

 

33,000

 

 

33,046,530

 

5.00%, 11/15/44

 

 

13,470

 

 

13,425,684

 

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

 

 

1,115

 

 

1,220,189

 

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

 

 

11,200

 

 

11,620,560

 

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

 

 

11,500

 

 

8,117,735

 

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

 

 

 

 

 

 

 

5.50%, 4/15/12

 

 

460

 

 

502,918

 

5.50%, 4/15/13

 

 

455

 

 

512,221

 

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

 

 

 

 

 

 

 

6.40%, 4/01/13

 

 

1,745

 

 

1,996,681

 

6.40%, 4/01/17

 

 

555

 

 

676,284

 

 

 

 

 

 

 

 

 

 

 

 

189,801,661

 

Education — 8.8%

 

 

 

 

 

 

 

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

 

 

1,225

 

 

1,251,056

 

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

 

 

 

 

 

 

 

5.00%, 7/01/30

 

 

5,410

 

 

5,593,669

 

5.00%, 7/01/35

 

 

2,675

 

 

2,750,809

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (concluded)

 

 

 

 

 

 

 

New York City Industrial Development
Agency, Refunding RB:

 

 

 

 

 

 

 

Nightingale-Bamford School
(AMBAC), 5.25%, 1/15/18

 

$

1,275

 

$

1,376,414

 

Polytechnic University Project (ACA),
5.25%, 11/01/37

 

 

2,480

 

 

2,203,629

 

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

 

 

5,500

 

 

6,062,980

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,500

 

 

2,518,925

 

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

 

 

7,100

 

 

7,112,212

 

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

 

 

4,580

 

 

5,396,019

 

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

 

 

815

 

 

824,576

 

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

 

 

1,255

 

 

1,271,641

 

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

 

 

 

 

 

 

 

4.75%, 12/01/39

 

 

3,550

 

 

3,560,721

 

5.00%, 12/01/39

 

 

2,150

 

 

2,209,254

 

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

 

 

 

 

 

 

 

5.00%, 7/01/36

 

 

5,250

 

 

5,396,685

 

5.00%, 7/01/44

 

 

500

 

 

510,900

 

 

 

 

 

 

 

 

 

 

 

 

48,039,490

 

Health — 6.3%

 

 

 

 

 

 

 

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

 

 

7,970

 

 

8,466,611

 

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

 

 

1,500

 

 

1,514,400

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,290,760

 

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

 

 

3,000

 

 

3,106,830

 

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

 

 

5,000

 

 

5,088,450

 

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

 

 

1,180

 

 

1,205,795

 

 

 

 

2

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield New York Insured 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 State Rehabilitation
Association, Series A (CIFG), 5.13%,
7/01/23

 

$

1,000

 

$

1,002,970

 

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

 

 

2,075

 

 

2,126,792

 

Series B (NPFGC), 6.50%,
2/15/11 (c)

 

 

1,000

 

 

1,048,940

 

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

 

 

3,250

 

 

3,204,110

 

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

 

 

1,050

 

 

1,057,045

 

 

 

 

 

 

 

 

 

 

 

 

34,112,703

 

Housing — 3.1%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.13%, 2/01/20

 

 

1,185

 

 

1,198,177

 

6.25%, 2/01/31

 

 

1,125

 

 

1,137,060

 

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

 

 

 

 

 

 

 

Series C, 5.00%, 11/01/26

 

 

1,500

 

 

1,513,635

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

1,899,240

 

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

 

 

1,340

 

 

1,230,790

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

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

 

 

1,020

 

 

1,023,570

 

Series 133, 4.95%, 10/01/21

 

 

1,540

 

 

1,562,084

 

Series 143, 4.90%, 10/01/37

 

 

990

 

 

948,212

 

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

 

 

2,485

 

 

2,473,345

 

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

 

 

1,500

 

 

1,453,635

 

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

 

 

2,445

 

 

2,386,369

 

 

 

 

 

 

 

 

 

 

 

 

16,826,117

 

State — 8.6%

 

 

 

 

 

 

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,750

 

 

1,822,485

 

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

 

 

1,570

 

 

1,764,115

 

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

 

 

6,460

 

 

6,515,298

 

 

 

 

 

 

 

 

 

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

 

$

567,864

 

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

 

 

4,050

 

 

4,176,400

 

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

 

 

6,900

 

 

7,321,176

 

Upstate Community Colleges,
Series A (AGM), 6.00%, 7/01/10 (a)

 

 

1,070

 

 

1,091,111

 

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

 

 

5,000

 

 

5,168,200

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,600,395

 

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

 

 

4,380

 

 

4,648,976

 

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

 

 

 

 

 

 

 

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

 

 

3,000

 

 

3,339,570

 

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

 

 

5,000

 

 

5,204,950

 

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

 

 

3,190

 

 

3,315,526

 

 

 

 

 

 

 

 

 

 

 

 

46,536,066

 

Tobacco — 1.7%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

 

5,000

 

 

5,389,450

 

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

 

 

2,000

 

 

2,127,060

 

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

 

 

1,900

 

 

2,047,953

 

 

 

 

 

 

 

 

 

 

 

 

9,564,463

 

Transportation — 28.0%

 

 

 

 

 

 

 

Hudson Yards Infrastructure Corp., RB
(AGC):

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

4,300

 

 

4,309,976

 

Series A, 5.00%, 2/15/47

 

 

550

 

 

551,276

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

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

 

 

3,200

 

 

3,716,128

 

Transportation, Series A (NPFGC),
5.00%, 11/15/32

 

 

1,295

 

 

1,307,095

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010

3


 

 

 

 

Schedule of Investments (continued)

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

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Transportation (continued)

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A, 5.13%, 1/01/29

 

$

1,450

 

$

1,481,378

 

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

 

 

1,015

 

 

1,041,339

 

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

 

 

29,300

 

 

31,212,704

 

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

 

 

1,390

 

 

1,440,137

 

Series A (NPFGC), 5.00%,
11/15/30

 

 

6,600

 

 

6,779,784

 

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

 

 

2,500

 

 

2,552,925

 

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

 

 

1,640

 

 

1,794,095

 

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

 

 

6,235

 

 

6,920,850

 

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

 

 

5,000

 

 

5,046,150

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,162,840

 

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

 

 

7,250

 

 

7,375,860

 

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

 

 

9,000

 

 

9,114,660

 

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

 

 

2,000

 

 

2,067,900

 

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

 

 

1,030

 

 

1,057,274

 

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

 

 

3,900

 

 

4,082,364

 

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

 

 

2,705

 

 

2,721,501

 

Port Authority of New York & New Jersey,
RB:

 

 

 

 

 

 

 

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

 

 

2,700

 

 

2,624,103

 

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

 

 

1,000

 

 

1,005,340

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/10

 

 

14,750

 

 

14,982,755

 

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

 

 

4,425

 

 

4,675,588

 

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

 

 

7,380

 

 

7,806,121

 

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

 

 

10,160

 

 

10,149,637

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Triborough Bridge & Tunnel Authority, RB:

 

 

 

 

 

 

 

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

 

$

6,000

 

$

6,233,220

 

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

 

 

2,465

 

 

2,557,142

 

Triborough Bridge & Tunnel Authority,
Refunding RB, General Purpose,
Series Y (NPFGC), 6.00%, 1/01/12 (c)

 

 

1,290

 

 

1,367,039

 

 

 

 

 

 

 

 

 

 

 

 

152,137,181

 

Utilities — 11.5%

 

 

 

 

 

 

 

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

 

 

4,300

 

 

4,548,540

 

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

 

 

7,000

 

 

7,152,670

 

Long Island Power Authority, Refunding
RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,691,085

 

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

 

 

4,000

 

 

4,131,080

 

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

 

 

1,015

 

 

1,135,805

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

Series A (AMBAC), 5.00%, 6/15/35

 

 

3,500

 

 

3,580,010

 

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

 

 

24,650

 

 

26,113,717

 

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

 

 

1,500

 

 

1,490,295

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

Fiscal 2004, Series C (NPFGC),
5.00%, 6/15/35

 

 

975

 

 

1,003,841

 

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

 

 

500

 

 

485,970

 

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

 

 

1,250

 

 

1,302,137

 

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

 

 

9,000

 

 

9,278,190

 

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

 

 

500

 

 

505,425

 

 

 

 

 

 

 

 

 

 

 

 

62,418,765

 

Total Municipal Bonds in New York

 

 

 

 

 

605,518,365

 

Guam — 0.8%

 

 

 

 

 

 

 

Transportation — 0.8%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

2,240

 

 

2,240,986

 

5.25%, 10/01/22

 

 

2,050

 

 

2,050,041

 

Total Municipal Bonds in Guam

 

 

 

 

 

4,291,027

 

 

 

 

4

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010


 

 

 

 

Schedule of Investments (continued)

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

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey — 2.0%

 

 

 

 

 

 

 

Transportation — 2.0%

 

 

 

 

 

 

 

Port Authority of New York & New Jersey,
RB:

 

 

 

 

 

 

 

6.25%, 12/01/11

 

$

7,175

 

$

7,438,322

 

5.75%, 12/01/25

 

 

3,500

 

 

3,490,830

 

Total Municipal Bonds in New Jersey

 

 

 

 

 

10,929,152

 

Puerto Rico — 15.1%

 

 

 

 

 

 

 

County/City/Special District/School District — 0.8%

 

 

 

 

 

 

 

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

 

 

2,100

 

 

2,117,598

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.78%, 8/01/41 (b)

 

 

12,800

 

 

2,021,760

 

 

 

 

 

 

 

 

 

 

 

 

4,139,358

 

Housing — 0.7%

 

 

 

 

 

 

 

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

 

 

4,000

 

 

3,992,920

 

State — 7.4%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,140,560

 

Public Improvement, Series A
(NPFGC), 5.50%, 7/01/21

 

 

3,000

 

 

3,194,400

 

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

 

 

2,150

 

 

2,237,183

 

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

 

 

2,000

 

 

2,124,360

 

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

 

 

4,775

 

 

5,065,368

 

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

 

 

 

 

 

 

 

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

 

 

3,900

 

 

717,951

 

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

 

 

8,000

 

 

823,840

 

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

 

 

22,030

 

 

5,569,845

 

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

 

 

4,000

 

 

3,857,960

 

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

 

 

 

 

 

 

 

5.50%, 7/01/31

 

 

5,000

 

 

5,440,700

 

5.25%, 7/01/32

 

 

1,000

 

 

1,052,500

 

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

 

 

2,850

 

 

2,998,000

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

 

Par
(000)

 

 

Value

 

Puerto Rico (concluded)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

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

 

$

4,500

 

$

4,771,125

 

 

 

 

 

 

 

 

 

 

 

 

39,993,792

 

Transportation — 3.6%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB:

 

 

 

 

 

 

 

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

 

 

655

 

 

740,523

 

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

 

 

2,265

 

 

2,313,833

 

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

 

 

345

 

 

349,844

 

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

 

 

6,275

 

 

7,000,390

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

Series CC (AGM), 5.25%, 7/01/33

 

 

1,000

 

 

1,046,670

 

Series CC (AGM), 5.25%, 7/01/36

 

 

4,750

 

 

4,971,778

 

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

 

 

3,000

 

 

3,300,930

 

 

 

 

 

 

 

 

 

 

 

 

19,723,968

 

Utilities — 2.6%

 

 

 

 

 

 

 

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

 

 

10,980

 

 

11,021,394

 

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

 

 

3,000

 

 

3,133,350

 

 

 

 

 

 

 

 

 

 

 

 

14,154,744

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

82,004,782

 

Total Municipal Bonds — 129.3%

 

 

 

 

 

702,743,326

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

 

 

 

 

 

 

New York — 28.5%

 

 

 

 

 

 

 

County/City/Special District/School District — 11.4%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

 

6,750

 

 

7,162,290

 

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

 

 

14,400

 

 

16,354,368

 

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

 

 

6,000

 

 

6,508,260

 

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

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

14,500

 

 

15,829,867

 

5.00%, 10/15/32

 

 

14,500

 

 

15,829,868

 

 

 

 

 

 

 

 

 

 

 

 

61,684,653

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010

5


 

 

 

 

Schedule of Investments (continued)

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

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (d)

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Education — 1.3%

 

 

 

 

 

 

 

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

 

$

6,498

 

$

6,799,293

 

State — 1.6%

 

 

 

 

 

 

 

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

 

 

7,850

 

 

8,898,760

 

Transportation — 12.8%

 

 

 

 

 

 

 

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

 

 

3,901

 

 

4,028,306

 

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

 

 

8,460

 

 

8,690,450

 

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

 

 

16,000

 

 

16,423,680

 

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

 

 

10,000

 

 

10,320,700

 

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

 

 

2,500

 

 

2,537,625

 

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

 

 

 

 

 

 

 

5.25%, 11/15/23

 

 

7,000

 

 

7,476,980

 

5.00%, 11/15/32

 

 

19,677

 

 

20,188,059

 

 

 

 

 

 

 

 

 

 

 

 

69,665,800

 

Utilities — 1.4%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

4,094

 

 

4,632,217

 

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

 

 

2,759

 

 

3,068,548

 

 

 

 

 

 

 

 

 

 

 

 

7,700,765

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts – 28.5%

 

 

 

 

 

154,749,271

 

Total Long-Term Investments
(Cost – $844,664,070) – 157.8%

 

 

 

 

 

857,492,597

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

Value

 

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

 

 

2,301,675

 

$

2,301,675

 

Total Short-Term Securities
(Cost – $2,301,675) – 0.4%

 

 

 

 

 

2,301,675

 

Total Investments
(Cost – $846,965,745*) – 158.2%

 

 

 

 

 

859,794,272

 

Other Assets Less Liabilities – 1.9%

 

 

 

 

 

10,279,632

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable – (14.5)%

 

 

 

 

 

(78,695,150

)

Preferred Shares, at Redemption Value – (45.6)%

 

 

 

 

 

(247,735,700

)

 

 

 

 

 

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

543,643,054

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of April 30, 2010, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

770,251,733

 

 

 

Gross unrealized appreciation

 

$

29,226,522

 

Gross unrealized depreciation

 

 

(18,298,787

)

 

 

Net unrealized appreciation

 

$

10,927,735

 

 

 

 

 

(a)

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.

 

 

(b)

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

 

 

(c)

Security is collateralized by Municipal or US Treasury obligations.

 

 

(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)

Represents the current yield as of report date.

 

 

(f)

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, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares Held
at July 31,
2009

 

Net Activity

 

Shares Held
at April 30,
2010

 

Income

 

CMA New York
Municipal
Money Fund

 

 

12,807,239

 

 

(10,505,564

)

 

2,301,675

 

$

1,864

 

 

 

 

6

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010


 

 

 

 

Schedule of Investments (concluded)

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

 

 

 

•

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 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 other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following table summarizes the inputs used as of April 30, 2010 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities

 

Valuation Inputs

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

857,492,597

 

 

—

 

$

857,492,597

 

Short-Term
Securities

 

$

2,301,675

 

 

—

 

 

—

 

 

2,301,675

 

Total

 

$

2,301,675

 

$

857,492,597

 

 

—

 

$

859,794,272

 

 

 

 

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.

APRIL 30, 2010

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 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: June 28, 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:

 /s/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniYield New York Insured Fund, Inc.
   
  Date: June 28, 2010
   
 

By:

 /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield New York Insured Fund, Inc.
   
  Date: June 28, 2010