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: 07/31/2012

 

Date of reporting period: 10/31/2011

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments October 31, 2011 (Unaudited)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 113.8%

 

 

 

 

 

 

 

Corporate — 3.9%

 

 

 

 

 

 

 

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

 

$

1,500

 

$

1,545,975

 

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

 

 

3,400

 

 

3,455,692

 

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

 

 

4,750

 

 

4,884,283

 

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

 

 

4,625

 

 

4,637,996

 

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

 

 

6,470

 

 

6,797,576

 

 

 

 

 

 

 

21,321,522

 

County/City/Special District/School District — 35.0%

 

 

 

 

 

 

 

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

 

 

2,000

 

 

1,979,460

 

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

 

 

2,750

 

 

2,767,792

 

City of New York, GO:

 

 

 

 

 

 

 

Series A-1, 5.00%, 8/01/35

 

 

1,950

 

 

2,089,756

 

Series D, 5.00%, 10/01/33

 

 

8,350

 

 

8,992,282

 

City of New York New York, GO,
Refunding, Series E, 5.00%, 8/01/27

 

 

1,070

 

 

1,165,936

 

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

 

 

70

 

 

70,377

 

County of Onondaga New York, RB,
Syracuse University Project:

 

 

 

 

 

 

 

5.00%, 12/01/30

 

 

1,190

 

 

1,290,995

 

5.00%, 12/01/36

 

 

1,150

 

 

1,231,799

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

1,700

 

$

1,713,413

 

Erie County Industrial Development
Agency, RB:

 

 

 

 

 

 

 

City of Buffalo Project (AGM),
5.75%, 5/01/12 (b)

 

 

1,900

 

 

1,952,383

 

School District of Buffalo
Project, Series A, 5.25%,
5/01/31

 

 

2,305

 

 

2,489,239

 

Erie County Industrial Development
Agency, Refunding RB, School District
of Buffalo Project, Series A, 5.25%,
5/01/32

 

 

1,000

 

 

1,075,880

 

Hudson Yards Infrastructure Corp., RB,
Series A:

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

750

 

 

737,723

 

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

 

 

4,580

 

 

4,592,320

 

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

 

 

3,985

 

 

3,919,766

 

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

 

 

17,525

 

 

15,890,268

 

New York City Industrial Development
Agency, RB:

 

 

 

 

 

 

 

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

 

 

11,800

 

 

10,236,146

 

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

 

 

5,250

 

 

4,481,715

 

Yankee Stadium (AGC), 6.38%,
1/01/39

 

 

1,000

 

 

1,068,850

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium (AGC), 6.56%,
3/01/39 (c)

 

 

5,000

 

 

1,073,100

 

CAB, Yankee Stadium (AGC), 6.51%,
3/01/43 (c)

 

 

4,330

 

 

702,369

 

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

 

 

3,625

 

 

3,036,880

 

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

 

 

9,650

 

 

9,223,084

 

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

 

 

2,750

 

 

2,678,060

 

 

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

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

LRB

Lease 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

Syncora

Syncora Guarantee

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 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:

 

 

 

 

 

 

 

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

 

$

1,700

 

$

1,676,710

 

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

 

 

6,000

 

 

6,462,240

 

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

 

 

1,500

 

 

1,621,995

 

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

 

 

12,395

 

 

12,992,935

 

Future Tax Secured, Series E
(NPFGC), 5.25%, 2/01/13 (b)

 

 

2,445

 

 

2,593,876

 

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

 

 

55

 

 

57,606

 

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

 

 

5,000

 

 

5,182,600

 

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

 

 

5,980

 

 

5,845,091

 

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

 

 

1,000

 

 

1,002,910

 

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

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

1,500

 

 

1,527,945

 

5.00%, 11/15/35

 

 

31,600

 

 

32,072,104

 

5.00%, 11/15/44

 

 

14,470

 

 

14,601,243

 

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

 

 

840

 

 

901,900

 

Saint Lawrence County Industrial
Development Agency, RB, Clarkson
University Project, 5.38%, 9/01/41

 

 

500

 

 

530,340

 

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

 

 

11,200

 

 

11,986,016

 

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

 

 

3,400

 

 

2,847,806

 

Tompkins County Industrial
Development Agency, RB, Civic Facility
Cornell University Project, Series A,
5.00%, 7/01/37

 

 

675

 

 

716,371

 

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

 

 

 

 

 

 

 

5.50%, 4/15/12

 

 

460

 

 

471,091

 

5.50%, 4/15/13

 

 

455

 

 

488,943

 

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

 

 

 

 

 

 

 

6.40%, 4/01/13

 

 

1,745

 

 

1,887,026

 

6.40%, 4/01/17

 

 

555

 

 

681,296

 

 

 

 

 

 

 

190,607,637

 

Education — 17.5%

 

 

 

 

 

 

 

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

 

 

5,725

 

 

5,787,402

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.00%, 7/01/30

 

$

5,410

 

$

5,637,490

 

5.00%, 7/01/35

 

 

2,675

 

 

2,766,164

 

Monroe County Industrial Development
Corp., RB, University of Rochester
Project, Series B, 4.50%, 7/01/35

 

 

3,885

 

 

3,851,239

 

New York City Industrial Development
Agency, RB, New York University
Project (BHAC), 5.00%, 7/01/41

 

 

7,000

 

 

7,002,100

 

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

 

 

1,275

 

 

1,328,219

 

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

 

 

5,500

 

 

5,997,310

 

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

 

 

1,000

 

 

1,071,100

 

New York State Dormitory Authority,
LRB, State University Dormitory
Facilities, Series A, 5.00%, 7/01/40

 

 

2,035

 

 

2,126,555

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,075

 

 

2,247,018

 

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

 

 

1,000

 

 

1,074,850

 

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

 

 

325

 

 

348,400

 

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

 

 

1,550

 

 

1,675,364

 

General Purpose, Series A,
4.50%, 3/15/35

 

 

2,000

 

 

2,036,680

 

Haverstraw King’s Daughters
Public Library, 4.00%,
7/01/28

 

 

565

 

 

555,118

 

Haverstraw King’s Daughters
Public Library, 4.00%,
7/01/29

 

 

585

 

 

568,064

 

Haverstraw King’s Daughters
Public Library, 4.00%,
7/01/30

 

 

610

 

 

587,253

 

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

 

 

665

 

 

678,253

 

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

 

 

7,100

 

 

7,261,170

 

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

 

 

5,050

 

 

5,360,373

 

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

 

 

4,580

 

 

5,585,585

 

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

 

 

5,705

 

 

5,959,044

 

New York University, Series B,
5.00%, 7/01/34

 

 

1,000

 

 

1,057,970

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2011

2


 

 

 

 

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)

 

 

 

 

 

 

 

Education (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB (concluded):

 

 

 

 

 

 

 

New York University, Series C,
5.00%, 7/01/38

 

$

2,000

 

$

2,089,720

 

State University Dormitory
Facilities, Series A, 5.00%,
7/01/35

 

 

800

 

 

841,888

 

State University Dormitory
Facilities, Series A, 5.00%,
7/01/35

 

 

5,200

 

 

5,497,752

 

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

 

 

1,255

 

 

1,259,292

 

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

 

 

 

 

 

 

 

5.50%, 7/01/33

 

 

500

 

 

541,090

 

5.25%, 7/01/36

 

 

860

 

 

910,611

 

Troy Industrial Development Authority,
RB, Rensselaer Polytechnic Institute
Project, Series E, 5.20%, 4/01/37

 

 

2,280

 

 

2,325,577

 

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

 

 

 

 

 

 

 

4.75%, 12/01/39

 

 

3,550

 

 

3,587,879

 

5.00%, 12/01/39

 

 

2,150

 

 

2,208,889

 

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

 

 

 

 

 

 

 

5.00%, 7/01/36

 

 

4,750

 

 

4,863,905

 

5.00%, 7/01/44

 

 

500

 

 

509,330

 

 

 

 

 

 

 

95,198,654

 

Health — 10.4%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.50%, 4/01/30

 

 

250

 

 

261,640

 

5.50%, 4/01/34

 

 

490

 

 

513,172

 

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

 

 

4,650

 

 

5,010,514

 

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

 

 

2,200

 

 

2,298,472

 

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

 

 

7,970

 

 

8,167,337

 

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

 

 

1,500

 

 

1,523,250

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,125,200

 

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

 

 

6,500

 

 

6,764,355

 

 

 

 

 

 

 

 

 

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

 

$

5,090,750

 

New York University Hospitals
Center, Series A, 5.75%,
7/01/31

 

 

3,450

 

 

3,592,968

 

New York University Hospitals
Center, Series A, 5.00%,
7/01/36

 

 

1,500

 

 

1,444,335

 

New York University Hospitals
Center, Series A, 6.00%,
7/01/40

 

 

1,100

 

 

1,146,651

 

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

 

 

2,075

 

 

2,135,300

 

North Shore-Long Island
Jewish Obligated Group,
Series A, 5.00%, 5/01/32

 

 

4,000

 

 

4,030,080

 

North Shore-Long Island
Jewish Obligated Group,
Series A, 5.25%, 5/01/34

 

 

9,220

 

 

9,469,862

 

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

 

 

2,900

 

 

2,925,723

 

 

 

 

 

 

 

56,499,609

 

Housing — 3.7%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.13%, 2/01/20

 

 

995

 

 

1,000,612

 

6.25%, 2/01/31

 

 

1,125

 

 

1,128,791

 

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

 

 

 

 

 

 

 

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

 

 

750

 

 

733,800

 

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

 

 

1,335

 

 

1,281,520

 

Series C, 5.00%, 11/01/26

 

 

1,500

 

 

1,517,865

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

2,004,300

 

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

 

 

1,340

 

 

1,259,680

 

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

 

 

840

 

 

826,426

 

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

 

 

600

 

 

577,632

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

Homeowner Mortgage,

 

 

 

 

 

 

 

Series 97, 5.50%, 4/01/31

 

 

945

 

 

945,274

 

Series 133, 4.95%, 10/01/21

 

 

520

 

 

530,317

 

Series 143, 4.85%, 10/01/27

 

 

1,100

 

 

1,079,628

 

Series 143, 4.90%, 10/01/37

 

 

980

 

 

958,842

 

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

 

 

2,485

 

 

2,490,765

 

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

 

 

1,500

 

 

1,442,595

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 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)

 

 

 

 

 

 

 

Housing (concluded)

 

 

 

 

 

 

 

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

 

$

2,445

 

$

2,459,303

 

 

 

 

 

 

 

20,237,350

 

State — 7.9%

 

 

 

 

 

 

 

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

 

 

6,230

 

 

6,583,677

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,750

 

 

1,875,703

 

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

 

 

1,570

 

 

1,727,942

 

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

 

 

6,300

 

 

6,457,626

 

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

 

 

550

 

 

571,654

 

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

 

 

4,050

 

 

4,205,155

 

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

 

 

6,900

 

 

7,145,916

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,612,620

 

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

 

 

4,380

 

 

4,663,167

 

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

 

 

 

 

 

 

 

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

 

 

3,000

 

 

3,190,530

 

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

 

 

5,000

 

 

5,287,200

 

 

 

 

 

 

 

43,321,190

 

Tobacco — 1.3%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
New York, RB:

 

 

 

 

 

 

 

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

 

 

5,000

 

 

5,312,550

 

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

 

 

1,900

 

 

2,026,179

 

 

 

 

 

 

 

7,338,729

 

Transportation — 22.5%

 

 

 

 

 

 

 

Hudson Yards Infrastructure Corp., RB:

 

 

 

 

 

 

 

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

 

 

4,300

 

 

4,311,567

 

Series A (AGM), 5.75%, 2/15/47

 

 

9,735

 

 

10,308,489

 

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

 

 

550

 

 

551,480

 

Metropolitan Transportation Authority, RB:

 

 

 

 

 

 

 

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

 

 

3,200

 

 

3,746,400

 

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

 

 

1,000

 

 

1,073,610

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A, 5.13%, 1/01/29

 

$

2,500

 

$

2,553,600

 

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

 

 

1,015

 

 

1,049,611

 

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

 

 

2,500

 

 

2,541,900

 

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

 

 

1,390

 

 

1,437,830

 

Series B, 5.00%, 11/15/34

 

 

1,500

 

 

1,581,120

 

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

 

 

1,640

 

 

1,693,218

 

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

 

 

6,235

 

 

6,555,230

 

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

 

 

5,000

 

 

5,071,200

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,346,260

 

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

 

 

7,250

 

 

7,508,462

 

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

 

 

9,000

 

 

9,302,130

 

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

 

 

2,000

 

 

2,087,580

 

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

 

 

1,030

 

 

1,074,032

 

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

 

 

1,900

 

 

2,044,267

 

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

 

 

2,705

 

 

2,705,162

 

Port Authority of New York & New Jersey,
RB, Consolidated:

 

 

 

 

 

 

 

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

 

 

2,700

 

 

2,642,517

 

124th Series AMT (NPFGC), 5.00%,
8/01/36

 

 

500

 

 

500,170

 

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

 

 

2,500

 

 

2,670,750

 

Port Authority of New York & New Jersey,
RB, JFK International Air Terminal,
Special Project, Series 6, AMT
(NPFGC):

 

 

 

 

 

 

 

6.25%, 12/01/11

 

 

7,175

 

 

7,194,803

 

6.25%, 12/01/13

 

 

4,425

 

 

4,625,541

 

6.25%, 12/01/14

 

 

7,380

 

 

7,793,280

 

5.75%, 12/01/22

 

 

10,160

 

 

10,058,603

 

5.75%, 12/01/25

 

 

3,500

 

 

3,406,060

 

Triborough Bridge & Tunnel Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,287,940

 

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

 

 

1,965

 

 

2,028,745

 

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

 

 

2,000

 

 

2,139,340

 

 

 

 

 

 

 

122,890,897

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2011

4


 

 

 

 

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 (concluded)

 

 

 

 

 

 

 

Utilities — 11.6%

 

 

 

 

 

 

 

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

 

$

2,275

 

$

2,370,118

 

Long Island Power Authority, RB, Series A:

 

 

 

 

 

 

 

(AMBAC), 5.00%, 9/01/29

 

 

7,000

 

 

7,134,610

 

(AGM) (AGM), 5.00%, 5/01/36

 

 

3,775

 

 

3,958,276

 

Long Island Power Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,701,045

 

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

 

 

4,000

 

 

4,106,840

 

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

 

 

1,015

 

 

1,122,499

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

Second General Resolution,

 

 

 

 

 

 

 

Series FF, 5.00%, 6/15/31

 

 

1,500

 

 

1,612,950

 

Second General Resolution,

 

 

 

 

 

 

 

Series GG, 5.00%, 6/15/39

 

 

1,000

 

 

1,057,690

 

Second General Resolution,

 

 

 

 

 

 

 

Series HH, 5.00%, 6/15/32

 

 

9,900

 

 

10,683,882

 

Series B, 5.00%, 6/15/36

 

 

2,000

 

 

2,082,700

 

Series DD, 5.00%, 6/15/32

 

 

6,750

 

 

7,147,035

 

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

 

 

1,000

 

 

1,006,790

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,075,300

 

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

 

 

9,000

 

 

9,275,760

 

New York State Environmental Facilities
Corp., RB, Revolving Funds, New York
City Municipal Water, 5.00%,
6/15/36

 

 

2,100

 

 

2,254,119

 

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

 

 

1,040

 

 

1,104,282

 

New York State Power Authority, RB,
Series A, 5.00%, 11/15/38

 

 

4,920

 

 

5,293,920

 

 

 

 

 

 

 

62,987,816

 

Total Municipal Bonds in New York

 

 

 

 

 

620,403,404

 

 

 

 

 

 

 

 

 

Guam — 1.1%

 

 

 

 

 

 

 

Transportation — 0.8%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

2,240

 

 

2,242,128

 

5.25%, 10/01/22

 

 

2,050

 

 

2,051,681

 

 

 

 

 

 

 

4,293,809

 

Utilities — 0.3%

 

 

 

 

 

 

 

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

 

 

1,380

 

 

1,423,001

 

Total Municipal Bonds in Guam

 

 

 

 

 

5,716,810

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Puerto Rico — 12.7%

 

 

 

 

 

 

 

Housing — 0.7%

 

 

 

 

 

 

 

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

 

$

3,500

 

$

3,626,980

 

State — 7.2%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Public Improvement, Series A,
5.50%, 7/01/20

 

 

2,000

 

 

2,139,860

 

Sub-Series C-7, 6.00%, 7/01/27

 

 

2,000

 

 

2,107,420

 

Sub-Series C-7, 6.00%, 7/01/28

 

 

4,775

 

 

5,028,696

 

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

 

 

2,250

 

 

2,154,758

 

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

 

 

2,500

 

 

2,697,675

 

Puerto Rico Infrastructure Financing
Authority, RB, Series A (c):

 

 

 

 

 

 

 

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

 

 

3,900

 

 

782,730

 

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

 

 

8,000

 

 

890,640

 

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

 

 

22,030

 

 

6,037,762

 

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

 

 

2,850

 

 

2,999,767

 

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

 

 

 

 

 

 

 

5.63%, 8/01/30

 

 

2,000

 

 

2,096,320

 

5.75%, 8/01/37

 

 

7,150

 

 

7,495,130

 

(AGM), 5.00%, 8/01/40

 

 

2,100

 

 

2,136,771

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC) (c):

 

 

 

 

 

 

 

5.75%, 8/01/41

 

 

12,800

 

 

1,993,088

 

5.97%, 8/01/43

 

 

4,000

 

 

543,240

 

 

 

 

 

 

 

39,103,857

 

Transportation — 3.7%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,080,480

 

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

 

 

6,275

 

 

7,198,994

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

Series AA-1 (AGM), 4.95%,
7/01/12 (b)

 

 

6,190

 

 

6,341,631

 

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

 

 

2,500

 

 

2,706,700

 

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

 

 

3,000

 

 

3,107,550

 

 

 

 

 

 

 

20,435,355

 

Utilities — 1.1%

 

 

 

 

 

 

 

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

 

 

1,950

 

 

1,974,570

 

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

 

 

1,000

 

 

1,029,440

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2011

5


 

 

 

 

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)

 

 

 

 

 

 

 

Utilities (concluded)

 

 

 

 

 

 

 

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

 

$

3,000

 

$

3,075,420

 

 

 

 

 

 

 

6,079,430

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

69,245,622

 

Total Municipal Bonds – 127.6%

 

 

 

 

 

695,365,836

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond (TOB) Trusts (d)

 

 

 

 

 

 

 

New York — 28.4%

 

 

 

 

 

 

 

County/City/Special District/School District — 11.3%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

 

6,750

 

 

7,295,940

 

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

 

 

14,400

 

 

16,477,632

 

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

 

 

6,000

 

 

6,540,300

 

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

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

13,000

 

 

14,048,060

 

5.00%, 10/15/32

 

 

16,000

 

 

17,289,920

 
 

 

 

 

 

 

61,651,852

 

Education — 1.3%

 

 

 

 

 

 

 

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

 

 

6,498

 

 

6,789,738

 

State — 1.6%

 

 

 

 

 

 

 

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

 

 

7,850

 

 

8,874,268

 

Transportation — 12.8%

 

 

 

 

 

 

 

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

 

 

3,901

 

 

4,097,375

 

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

 

 

8,460

 

 

8,587,408

 

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

 

 

16,000

 

 

16,684,000

 

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

 

 

10,000

 

 

10,413,600

 

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

 

 

2,500

 

 

2,576,850

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond (TOB) Trusts (d)

 

 

Par
(000)

 

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 11/15/23

 

$

7,000

 

$

7,274,190

 

5.00%, 11/15/32

 

 

19,677

 

 

20,286,459

 

 

 

 

 

 

 

69,919,882

 

Utilities — 1.4%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

4,094

 

 

4,613,585

 

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

 

 

2,759

 

 

3,040,230

 

 

 

 

 

 

 

7,653,815

 

Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts – 28.4%

 

 

 

 

 

154,889,555

 

Total Long-Term Investments
(Cost – $828,689,869) – 156.0%

 

 

 

 

 

850,255,391

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

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

 

 

11,150,487

 

 

11,150,487

 

Total Short-Term Securities
(Cost - $11,150,487) – 2.0%

 

 

 

 

 

11,150,487

 

Total Investments
(Cost - $839,840,356*) – 158.0%

 

 

 

 

 

861,405,878

 

Other Assets Less Liabilities – 1.8%

 

 

 

 

 

10,075,495

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (14.4)%

 

 

 

 

 

(78,665,496

)

VRDP Shares, at Liquidation Value – (45.4)%

 

 

 

 

 

(247,700,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

545,115,877

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of October 31, 2011, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

761,680,671

 

Gross unrealized appreciation

 

$

32,859,431

 

Gross unrealized depreciation

 

 

(11,749,028

)

Net unrealized appreciation

 

$

21,110,403

 

 

 

(a)

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

 

 

(b)

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.

 

 

(c)

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

 

 

(d)

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


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2011

6


 

 

 

 

Schedule of Investments (concluded)

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

 

 

(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,
2011

 

Net
Activity

 

Shares
Held at
October 31,
2011

 

Income

 

BIF New York
Municipal
Money Fund

 

 

14,521,616

 

 

(3,371,129

)

 

11,150,487

 

$

1

 

 

 

 

(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 ratings group indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — unadjusted 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)

 

 

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments is based on the pricing transparency of the investment and does not necessarily correspond to the Fund’s perceived risk of investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.

The following table summarizes the inputs used as of October 31, 2011 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

850,255,391

 

 

—

 

$

850,255,391

 

Short-Term
Securities

 

$

11,150,487

 

 

—

 

 

—

 

 

11,150,487

 

Total

 

$

11,150,487

 

$

850,255,391

 

 

—

 

$

861,405,878

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 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 (principal executive officer) of

 

 

BlackRock MuniYield New York Quality Fund, Inc.

 

 

 

Date: December 21, 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: December 21, 2011

 

 

 

 By: /s/ Neal J. Andrews

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of

 

 

BlackRock MuniYield New York Quality Fund, Inc.

 

 

 

 

Date: December 21, 2011