BlackRock MuniYield New York Quality Fund, Inc.

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: 07/31/2016

Date of reporting period: 04/30/2016


Item 1 – Schedule of Investments


Schedule of Investments April 30, 2016 (Unaudited)

  

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

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York — 117.3%

                

Corporate — 2.0%

    

City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 7/01/28

   $ 930      $ 1,025,781   

County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT, 5.75%, 3/01/24

     2,500        3,198,625   

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

     5,725        7,268,689   
    

 

 

 
        11,493,095   

County/City/Special District/School District — 28.1%

  

 

City of New York New York, GO, Refunding:

    

Fiscal 2012, Series I, 5.00%, 8/01/32

     490        580,454   

Fiscal 2014, Series E, 5.00%, 8/01/32

     2,040        2,449,836   

Series E, 5.50%, 8/01/25

     6,230        7,967,360   

City of New York New York, GO:

    

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

     1,950        2,271,633   

Sub-Series A-1, 5.00%, 8/01/33

     2,100        2,509,353   

Sub-Series D-1, 5.00%, 10/01/33

     8,350        9,792,713   

Sub-Series D-1, Fiscal 2014, 5.00%, 8/01/31

     1,300        1,567,007   

City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured:

    

5.00%, 11/15/40

     6,000        7,076,760   

4.00%, 11/15/45

     965        1,044,333   

5.00%, 11/15/45

     13,995        16,404,379   

City of New York New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program, Series B1:

    

5.25%, 7/01/32

     6,865        8,122,050   

5.00%, 7/01/33

     1,675        1,935,245   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

City of New York New York Industrial Development Agency, RB, PILOT:

    

CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/39 (a)

   $ 5,000      $ 2,148,900   

CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/43 (a)

     4,330        1,563,000   

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

     1,000        1,133,970   

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

     6,400        6,531,136   

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

     1,750        1,783,285   

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

     2,250        2,278,890   

Yankee Stadium Project (NPFGC), 5.00%, 3/01/46

     9,650        9,748,623   

City of New York New York Transitional Finance Authority Future Tax Secured, GO, Sub-Series E-1, 5.00%, 2/01/30

     1,000        1,247,490   

City of New York New York Transitional Finance Authority Future Tax Secured, RB:

    

Sub-Series A-1, 5.00%, 11/01/38

     1,000        1,189,700   

Sub-Series B-1, 5.00%, 11/01/35

     2,510        3,009,038   

Sub-Series B-1, 5.00%, 11/01/36

     1,690        2,018,942   

Sub-Series B-1, 5.00%, 11/01/38

     4,000        4,800,160   

City of New York New York Transitional Finance Authority Future Tax Secured, Refunding RB, Series C, 5.00%, 11/01/30

     1,470        1,811,569   

Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, Series A, 5.38%, 10/01/41

     1,040        1,176,874   

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A:

    

5.25%, 5/01/31

     2,305        2,687,653   
 

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    1


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

 

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A (continued):

    

5.25%, 5/01/32

   $ 1,000      $ 1,164,440   

County of Erie New York Industrial Development Agency, Refunding RB:

    

5.00%, 5/01/29

     4,060        5,001,636   

City School District of Buffalo Project, 5.00%, 5/01/28

     1,000        1,241,910   

County of Nassau New York, GO, Series B, 5.00%, 10/01/30

     2,000        2,454,680   

Haverstraw-Stony Point Central School District, GO, Refunding, (AGM), 3.00%, 10/15/34

     940        953,075   

Hudson Yards Infrastructure Corp., RB:

    

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

     550        566,918   

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

     4,300        4,432,268   

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

     4,580        4,720,881   

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

     14,175        14,519,736   

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

     4,665        4,801,685   

New York Liberty Development Corp., Refunding RB:

    

4 World Trade Center Project, 5.00%, 11/15/31

     2,570        3,031,829   

4 World Trade Center Project, 5.00%, 11/15/44

     2,000        2,298,660   

4 World Trade Center Project, 5.75%, 11/15/51

     3,000        3,580,650   

7 World Trade Center Project, Class 1, 4.00%, 9/15/35

     1,090        1,202,030   

7 World Trade Center Project, Class 2, 5.00%, 9/15/43

     4,725        5,333,769   

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

     3,400        3,432,198   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

 

Town of North Hempstead New York, GO, Refunding, Series B (NPFGC), 6.40%, 4/01/17

   $ 555      $ 583,999   
    

 

 

 
        164,170,717   

Education — 23.0%

    

Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A:

    

5.00%, 12/01/31

     250        290,895   

5.00%, 12/01/32

     100        116,441   

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

     2,000        2,145,180   

Build New York City Resource Corp., Refunding RB:

    

New York Law School Project, 5.00%, 7/01/41

     1,065        1,204,409   

New York Law School Project, 4.00%, 7/01/45

     370        379,243   

Series A, 5.00%, 6/01/43

     525        600,311   

City of New York Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series A, 4.00%, 12/01/34

     110        117,413   

City of New York New York Trust for Cultural Resources, Refunding RB:

    

American Museum of Natural History, Series A, 5.00%, 7/01/37

     2,265        2,660,990   

American Museum of Natural History, Series A, 5.00%, 7/01/41

     825        958,040   

Carnegie Hall, Series A, 4.75%, 12/01/39

     3,550        3,949,304   

Carnegie Hall, Series A, 5.00%, 12/01/39

     2,150        2,415,331   
 

 

                
2    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Education (continued)

    

City of New York New York Trust for Cultural Resources, Refunding RB (continued):

    

Museum of Modern Art, Series 1A, 5.00%, 4/01/31

   $ 1,000      $ 1,091,640   

Wildlife Conservation Society, Series A, 5.00%, 8/01/42

     750        860,813   

City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A, 5.13%, 9/01/40

     5,740        6,502,157   

County of Madison New York Capital Resource Corp., RB, Colgate University Project, Series B:

    

5.00%, 7/01/40

     815        954,805   

5.00%, 7/01/43

     2,940        3,428,834   

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

     3,885        4,383,329   

County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A:

    

5.00%, 7/01/38

     1,440        1,667,822   

4.00%, 7/01/39

     500        541,070   

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

    

5.00%, 12/01/30

     1,190        1,388,480   

5.00%, 12/01/36

     1,150        1,347,144   

County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project, 5.38%, 9/01/41

     500        586,690   

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

    

5.50%, 7/01/33

     500        580,340   

5.25%, 7/01/36

     860        988,613   

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

     675        774,765   

State of New York Dormitory Authority, RB:

    

Columbia University, Series A-2, 5.00%, 10/01/46

     2,500        3,556,300   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, RB (continued):

    

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

   $ 2,075      $ 2,434,182   

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

     325        385,047   

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

     1,550        1,853,164   

General Purpose, Series A, 5.00%, 2/15/36

     5,500        6,478,670   

New School (AGM), 5.50%, 7/01/43

     4,050        4,719,748   

New York University Mount Sinai School of Medicine, 5.13%, 7/01/19 (b)

     665        750,213   

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

     4,580        6,342,705   

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

     1,000        1,122,750   

New York University, Series B, 5.00%, 7/01/37

     600        710,130   

New York University, Series B, 5.00%, 7/01/42

     3,240        3,773,012   

New York University, Series C, 5.00%, 7/01/18 (b)

     2,000        2,181,880   

Series C, 5.00%, 12/15/16 (b)

     3,000        3,083,460   

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

     800        918,240   

State University Dormitory Facilities, Series A, 5.00%, 7/01/40

     2,035        2,319,778   

State University Dormitory Facilities, Series A, 5.00%, 7/01/41

     1,500        1,729,605   

State of New York Dormitory Authority, Refunding RB:

    

3rd General Resolution, State University Educational Facilities Issue, Series A, 5.00%, 5/15/29

     1,000        1,196,780   

Barnard College, Series A, 5.00%, 7/01/34

     1,150        1,373,905   

Barnard College, Series A, 4.00%, 7/01/36

     765        832,963   

Barnard College, Series A, 4.00%, 7/01/37

     400        432,188   
 

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    3


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, Refunding RB (continued):

    

Barnard College, Series A, 5.00%, 7/01/43

   $ 2,500      $ 2,904,750   

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

     1,000        1,145,170   

Fordham University, 5.00%, 7/01/44

     2,130        2,444,942   

Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/35

     1,600        1,866,032   

New York University Mount Sinai School of Medicine (NPFGC), 5.00%, 7/01/17 (b)

     6,100        6,408,599   

New York University, Series A, 5.00%, 7/01/31

     3,955        4,744,813   

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

     4,775        5,651,451   

Rochester Institute of Technology, 5.00%, 7/01/42

     750        852,008   

St. John’s University, Series A, 5.00%, 7/01/37

     2,680        3,123,272   

State University Dormitory Facilities, Series A, 5.25%, 7/01/30

     4,195        5,128,304   

State University Dormitory Facilities, Series A, 5.25%, 7/01/31

     8,735        10,570,835   

State University Dormitory Facilities, Series A, 5.00%, 7/01/42

     1,490        1,711,891   

State University Dormitory Facilities, Series B, 5.00%, 7/01/32

     500        606,900   

State University Dormitory Facilities, Series B, 5.00%, 7/01/33

     1,140        1,376,425   
    

 

 

 
        134,664,171   

Health — 9.4%

    

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

     2,200        2,463,802   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Health (continued)

    

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

    

5.50%, 4/01/34

   $ 490      $ 562,677   

5.50%, 4/01/30

     250        289,003   

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A:

    

5.00%, 12/01/32

     830        941,286   

5.00%, 12/01/37

     350        392,448   

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

     5,650        6,615,189   

County of Suffolk New York Economic Development Corp., RB, Catholic Health Services, Series C, 5.00%, 7/01/32

     625        714,975   

County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%, 11/01/30

     1,790        2,017,044   

State of New York Dormitory Authority, RB:

    

Healthcare, Series A, 5.00%, 3/15/38

     2,000        2,223,940   

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

     6,500        6,831,435   

Montefiore Hospital (NPFGC) (FHA), 5.00%, 8/01/33

     1,500        1,505,325   

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

     3,450        3,990,029   

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

     1,100        1,272,381   

North Shore-Long Island Jewish Obligated Group, Series A, 5.50%, 5/01/19 (b)

     2,075        2,363,176   

North Shore-Long Island Jewish Obligated Group, Series C, 4.25%, 5/01/39

     1,000        1,065,960   
 

 

                
4    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Health (continued)

    

State of New York Dormitory Authority, RB (continued):

  

North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39

   $ 800      $ 852,768   

State of New York Dormitory Authority, Refunding RB, Series A:

    

New York University Hospitals Center, 5.00%, 7/01/17 (b)

     1,500        1,576,605   

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

     4,000        4,614,200   

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

     3,525        4,191,013   

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

     9,220        10,716,867   
    

 

 

 
               55,200,123   

Housing — 2.0%

    

City of New York New York Housing Development Corp., RB, M/F Housing, AMT:

    

Series A-1-A, 5.00%, 11/01/30

     750        771,773   

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

     1,335        1,363,729   

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

     1,340        1,351,872   

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

     840        863,369   

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

     600        619,686   

City of New York New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%, 2/15/48

     1,230        1,307,269   

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

     2,445        2,452,628   

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

    

6.13%, 2/01/20

     395        396,430   

6.25%, 2/01/31

     1,125        1,128,285   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Housing (continued)

    

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

   $ 1,500      $ 1,508,235   
    

 

 

 
               11,763,276   

State — 13.2%

    

City of New York New York Transitional Finance Authority, BARB:

    

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

     1,700        1,789,284   

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

     6,000        6,594,180   

Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33

     5,500        6,184,585   

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

     1,500        1,686,705   

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

     5,000        5,143,350   

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

     4,025        4,108,358   

City of New York New York Transitional Finance Authority, RB, Series S-1, 5.00%, 7/15/37

     2,000        2,363,380   

Metropolitan Transportation Authority, RB, Dedicated Tax Fund, Series A (NPFGC), 5.00%, 11/15/16 (b)

     3,905        4,000,751   

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund:

    

Series B, 5.00%, 11/15/34

     1,500        1,715,130   

Sub-Series B-1, 5.00%, 11/15/31

     3,465        4,184,161   

Sales Tax Asset Receivable Corp., Refunding RB, Series A, 4.00%, 10/15/32

     3,835        4,368,410   

State of New York Dormitory Authority, RB:

    

General Purpose, Series B, 5.00%, 3/15/37

     1,000        1,180,150   

General Purpose, Series B, 5.00%, 3/15/42

     7,500        8,711,925   

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

     1,750        1,936,025   

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

     4,050        4,276,233   
 

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    5


Schedule of Investments (continued)

  

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

 

Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

State (continued)

    

State of New York Dormitory Authority, RB (continued):

  

Series B, 5.00%, 3/15/37

   $ 2,000      $ 2,417,480   

State Personal Income Tax, Series A, 5.00%, 2/15/43

     1,000        1,169,590   

State Supported Debt, Series A, 5.00%, 3/15/44

     5,550        6,510,427   

State of New York Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM), 5.00%, 10/01/17 (b)

     550        583,490   

State of New York Thruway Authority, RB:

    

2nd General Highway & Bridge Trust, Series B, 5.00%, 10/01/17 (b)

     1,500        1,593,090   

Transportation, Series A, 5.00%, 3/15/32

     1,130        1,350,000   

State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 3/15/32

     2,000        2,389,380   

State of New York Urban Development Corp., Refunding RB, Series A:

    

Personal Income Tax, 4.00%, 3/15/36

     1,985        2,187,827   

4.00%, 3/15/37

     550        602,618   
    

 

 

 
        77,046,529   

Tobacco — 1.1%

    

County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, 4.75%, 6/01/39

     2,190        2,204,541   

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 5/15/40

     2,250        2,566,260   
Municipal Bonds    Par  
(000)
    Value  

New York (continued)

                

Tobacco (continued)

    

Niagara Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 5/15/34

   $ 1,650      $ 1,909,743   
    

 

 

 
        6,680,544   

Transportation — 23.0%

    

Metropolitan Transportation Authority, RB:

    

Series A, 5.00%, 11/15/27

     1,000        1,176,790   

Series A, 5.00%, 11/15/30

     1,000        1,197,740   

Series A-1, 5.25%, 11/15/33

     2,565        3,131,993   

Series A-1, 5.25%, 11/15/34

     2,840        3,454,519   

Series C, 6.50%, 11/15/18 (b)

     2,390        2,736,359   

Series C, 6.50%, 11/15/28

     810        927,158   

Series D, 5.25%, 11/15/41

     3,450        4,086,870   

Series E, 5.00%, 11/15/38

     7,785        9,203,583   

Series E, 5.00%, 11/15/43

     4,000        4,704,680   

Series H, 5.00%, 11/15/25

     1,000        1,215,400   

Series H, 5.00%, 11/15/31

     1,690        2,021,899   

Sub-Series B, 5.00%, 11/15/25

     3,250        4,004,455   

Metropolitan Transportation Authority, Refunding RB:

    

Green Bonds, Series A-1, 4.00%, 11/15/46

     315        338,178   

Series D, 5.25%, 11/15/29

     1,000        1,184,190   

Transportation Revenue Green Bonds, Series A-1, 5.25%, 11/15/56

     3,110        3,739,837   

New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated, 5.25%, 12/15/43

     3,500        4,157,895   

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

     1,560        1,657,172   

Port Authority of New York & New Jersey, ARB:

    

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

     2,500        2,860,075   

Consolidated, 169th Series, 5.00%, 10/15/41

     1,000        1,106,940   

Consolidated, 183rd Series, 4.00%, 6/15/44

     3,000        3,255,450   
 

 

                
6    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

Port Authority of New York & New Jersey, ARB (continued):

    

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

   $ 8,160      $ 8,340,989   

Port Authority of New York & New Jersey, Refunding ARB:

    

178th Series, AMT, 5.00%, 12/01/33

     1,140        1,322,195   

179th Series, 5.00%, 12/01/38

     1,390        1,645,691   

Consolidated, 146th Series, AMT (AGM), 4.50%, 12/01/34

     6,090        6,179,645   

Consolidated, 147th Series, AMT, 4.75%, 4/15/37

     2,250        2,300,355   

Consolidated, 177th Series, AMT, 4.00%, 1/15/43

     735        759,005   

Consolidated, 178th Series, AMT, 5.00%, 12/01/43

     750        847,313   

Consolidated, 186th Series, AMT, 5.00%, 10/15/44

     1,000        1,139,640   

Consolidated, 189th Series, 5.00%, 5/01/45

     2,875        3,397,962   

Port Authority of New York & New Jersey, Refunding RB, Series G (AGM), 5.75%, 12/01/25

     3,500        3,590,790   

State of New York Thruway Authority, Refunding RB:

    

5.00%, 1/01/29

     2,225        2,698,702   

5.00%, 1/01/31

     1,500        1,798,455   

General, Series I, 5.00%, 1/01/37

     4,750        5,507,625   

General, Series I, 5.00%, 1/01/42

     3,250        3,757,065   

General, Series K, 5.00%, 1/01/32

     4,000        4,775,200   

Series J, 5.00%, 1/01/41

     6,275        7,184,624   

Triborough Bridge & Tunnel Authority, RB, Series B:

    

5.00%, 11/15/40

     1,010        1,208,051   

5.00%, 11/15/45

     1,500        1,785,765   

Triborough Bridge & Tunnel Authority, Refunding RB:

    

General, CAB, Series B, 0.00%, 11/15/32 (a)

     9,590        5,940,334   

General, Series A, 5.00%, 11/15/38

     1,000        1,159,210   

General, Series A, 5.25%, 11/15/45

     1,460        1,768,717   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

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

    

General, Series A, 5.00%, 11/15/50

   $ 4,500      $ 5,293,980   

Series C, 5.00%, 11/15/38

     2,000        2,199,820   

Sub-Series A, 5.00%, 11/15/28

     2,500        3,013,750   

Sub-Series A, 5.00%, 11/15/29

     875        1,048,906   
    

 

 

 
        134,824,972   

Utilities — 15.5%

    

City of New York New York Municipal Water Finance Authority, RB, Series B, 5.00%, 6/15/36

     1,635        1,644,548   

City of New York New York Municipal Water Finance Authority, Refunding RB:

    

Series B, 5.00%, 6/15/36

     365        367,113   

Water & Sewer System, 2nd General Resolution, Fiscal 2010, Series FF, 5.00%, 6/15/31

     1,500        1,722,330   

Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31

     1,000        1,148,220   

Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series GG, 5.00%, 6/15/43

     1,000        1,156,730   

Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 6/15/39

     3,000        3,570,870   

Water & Sewer System, 2nd General Resolution, Series DD, 5.00%, 6/15/32

     6,750        7,344,270   

Water & Sewer System, Fiscal 2016, Series A, 3.00%, 6/15/36

     1,750        1,779,803   

Long Island Power Authority, RB, General, Electric Systems, Series A (AGM), 5.00%, 5/01/36

     3,775        4,311,918   
 

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    7


Schedule of Investments (continued)

  

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

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Utilities (continued)

    

Long Island Power Authority, Refunding RB:

    

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

   $ 1,015      $ 1,148,564   

General, Electric Systems, Series A (AGC), 6.00%, 5/01/19 (b)

     1,500        1,727,145   

General, Electric Systems, Series B (AGM), 5.00%, 6/01/16 (b)

     4,000        4,016,000   

Series A, 5.00%, 9/01/34

     1,000        1,178,850   

State of New York Environmental Facilities Corp., RB:

    

5.00%, 3/15/45

     5,145        6,064,514   

Series B, Revolving Funds, Green Bonds, 5.00%, 9/15/40

     1,195        1,417,903   

State of New York Environmental Facilities Corp., Refunding RB:

    

Revolving Funds, New York City Municipal Water, Series B, 5.00%, 6/15/33

     1,040        1,131,104   

Revolving Funds, New York City Municipal Water, Series B, 5.00%, 6/15/36

     2,100        2,457,210   

Series A, 5.00%, 6/15/40

     4,275        5,092,295   

Series A, 5.00%, 6/15/45

     18,920        22,385,387   

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

     4,920        5,804,124   

Utility Debt Securitization Authority, Refunding RB, Restructuring:

    

3.00%, 12/15/32

     1,950        2,025,953   

Series E, 5.00%, 12/15/41

     9,960        11,861,962   

Western Nassau County Water Authority, RB, Series A, 5.00%, 4/01/40

     1,185        1,382,409   
    

 

 

 
        90,739,222   
Total Municipal Bonds in New York        686,582,649   
    

Guam — 0.3%

                

Utilities — 0.3%

    

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

     1,380        1,564,216   
Municipal Bonds   

Par  

(000)

    Value  

Puerto Rico — 0.9%

  

Housing — 0.9%

    

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

   $ 4,580      $ 4,970,124   
Total Municipal Bonds — 118.5%        693,116,989   
    
                  

Municipal Bonds Transferred to

Tender Option Bond Trusts (c)

       

New York — 38.5%

                

County/City/Special District/School District — 6.0%

  

 

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

     1,064        1,203,085   

City of New York New York, GO:

    

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

     14,400        16,325,568   

Sub-Series I-1, 5.00%, 3/01/36

     3,500        4,108,370   

City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32

     3,500        4,272,100   

City of New York New York Transitional Finance Authority, RB, Future Tax Secured,
Sub-Series D-1, 5.00%, 11/01/38

     4,125        4,711,616   

New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40

     3,645        4,274,965   
    

 

 

 
        34,895,704   

Education — 5.8%

    

City of New York New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series A, 5.00%, 8/01/33

     1,981        2,380,729   

State of New York Dormitory Authority, LRB, State University Dormitory Facilities:

    

5.00%, 7/01/35

     5,198        6,043,547   
 

 

                
8    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (continued)

  

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

 

Municipal Bonds Transferred to

Tender Option Bond Trusts (c)

  

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

    

State of New York Dormitory Authority, LRB, State University Dormitory Facilities (continued):

    

5.25%, 7/01/19 (b)

   $ 6,000      $ 6,834,600   

State of New York Dormitory Authority, RB, New York University, Series A (b):

    

5.00%, 7/01/18

     6,498        7,089,062   

(AMBAC), 5.00%, 7/01/17

     5,707        5,996,177   

State of New York Dormitory Authority, Refunding RB, Series E, 5.25%, 3/15/33

     4,500        5,605,335   
    

 

 

 
               33,949,450   

State — 8.4%

    

Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (d)

     9,739        11,450,558   

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A:

    

5.00%, 10/15/31

     7,995        9,902,527   

4.00%, 10/15/32

     8,000        9,112,720   

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

     7,850        8,950,727   

State of New York Dormitory Authority, RB, Series C:

    

General Purpose, 5.00%, 3/15/41

     1,650        1,887,831   

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

     6,297        6,877,866   

State of New York Urban Development Corp., Refunding RB, State Personal Income Tax, Series A, 5.00%, 3/15/45

     1,001        1,183,725   
    

 

 

 
               49,365,954   

Transportation — 13.0%

    

New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43

     17,999        21,382,836   

Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT:

    

5.00%, 10/15/25

     7,990        9,450,556   

5.00%, 10/15/26

     6,000        7,061,640   

Municipal Bonds Transferred to

Tender Option Bond Trusts (c)

  

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

    

Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55

   $ 3,900      $ 4,699,734   

State of New York Thruway Authority, Refunding RB:

    

General, Series H (AGM), 5.00%, 1/01/37

     10,000        10,658,100   

Transportation, Personal Income Tax, Series A, 5.00%, 3/15/31

     3,940        4,638,168   

Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 11/15/46

     15,000        18,031,950   
    

 

 

 
        75,922,984   

Utilities — 5.3%

    

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A, 5.75%, 6/15/40

     4,094        4,522,840   

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:

    

Fiscal 2011, Series HH, 5.00%, 6/15/32

     9,900        11,583,990   

Fiscal 2012, Series BB, 5.00%, 6/15/44

     3,991        4,667,783   

Series FF-2, 5.50%, 6/15/40

     2,760        3,128,441   

Utility Debt Securitization Authority, Refunding RB, 5.00%, 12/15/41

     5,998        7,143,590   
    

 

 

 
        31,046,644   
Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 38.5%
        225,180,736   

Total Long-Term Investments

(Cost — $837,061,041) — 157.0%

  

  

    918,297,725   
    
   
Short-Term Securities    Shares         

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

     16,646,713        16,646,713   
 

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    9


Schedule of Investments (continued)

  

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

 

      Value  

Total Short-Term Securities

(Cost — $16,646,713) — 2.8%

   $ 16,646,713   
Total Investments (Cost — $853,707,754*) — 159.8%      934,944,438   
Other Assets Less Liabilities — 1.6%      9,682,708   

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable — (19.1)%

     (111,762,510
VRDP Shares, at Liquidation Value — (42.3)%      (247,700,000
  

 

 

 
Net Assets Applicable to Common Shares — 100.0%    $ 585,164,636   
  

 

 

 
*   As of April 30, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

  $ 742,990,255   
 

 

 

 

Gross unrealized appreciation

  $ 81,236,684   

Gross unrealized depreciation

    (995,619
 

 

 

 

Net unrealized appreciation

  $ 80,241,065   
 

 

 

 
 
Notes to Schedule of Investments

 

(a)   Zero-coupon bond.

 

(b)   U.S. 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)   Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

 

(d)   All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between February 15, 2017 to February 15, 2019, is $12,778,278.

 

(e)   During the period ended April 30, 2016, investments in issuers considered to be affiliates of the Fund 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,
2015

      

Net

Activity

      

Shares Held

at April 30,
2016

       Income  

BIF New York Municipal Money Fund

       19,904,130           (3,257,417        16,646,713         $ 1,420   

 

(f)   Current yield as of period end.

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

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Contracts
Short
    Issue   Expiration   Notional
Value
    Unrealized
Appreciation
 
  (14   5-Year U.S. Treasury Note   June 2016   $ 1,692,797      $ 6,107   
  (147   10-Year U.S. Treasury Note   June 2016   $ 19,119,187        80,294   
  (54   Long U.S. Treasury Bond   June 2016   $ 8,818,875        127,258   
  (13   Ultra U.S. Treasury Bond   June 2016   $ 2,227,469        38,184   
  Total            $ 251,843   
       

 

 

 

 

                
10    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (continued)

  

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

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BARB    Building Aid Revenue Bonds
BHAC    Berkshire Hathaway Assurance Corp.
BOCES    Board of Cooperative Educational Services
CAB    Capital Appreciation Bonds
ERB    Education Revenue Bonds
FHA    Federal Housing Administration
GO    General Obligation Bonds
HFA    Housing Finance Agency
IDRB    Industrial Development Revenue Bonds
LRB    Lease Revenue Bonds
M/F    Multi-Family
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.    APRIL 30, 2016    11


Schedule of Investments (continued)

  

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

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that Fund has the ability to access

 

   

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 Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as level 3.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments, refer to the Fund’s most recent financial statements as contained in its annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3      Total  

Assets:

                
Investments:                 

Long-Term Investments1

            $ 918,297,725              $ 918,297,725   

Short-Term Securities

  $ 16,646,713                          16,646,713   
 

 

 

 

Total investments

  $ 16,646,713         $ 918,297,725              $ 934,944,438   
 

 

 

 
Derivative Financial Instruments2                 

Assets:

                

Interest rate contracts

  $ 251,843                        $ 251,843   

1    See above Schedule of Investments for values in each state or political subdivision.

 

2    Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

       

       

 

                
12    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016   


Schedule of Investments (concluded)

  

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

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

     Level 1        Level 2        Level 3      Total  

Assets:

                

Cash pledged for futures contracts

  $ 449,350                        $ 449,350   

Liabilities:

                

Bank overdraft

            $ (273,011             (273,011

TOB Trust Certificates

              (111,713,118             (111,713,118

VRDP Shares

              (247,700,000             (247,700,000
 

 

 

 

Total

  $ 449,350         $ (359,686,129           $ (359,236,779
 

 

 

 

During the period ended April 30, 2016, there were no transfers between levels.

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2016    13


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:   June 22, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniYield New York Quality Fund, Inc.
Date:   June 22, 2016
By:   /s/ Neal J. Andrews                      
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock MuniYield New York Quality Fund, Inc.
Date:   June 22, 2016