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: Anne F. Ackerley, 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: 07/31/2011

 

Date of reporting period: 10/31/2010

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments October 31, 2010 (Unaudited)

BlackRock MuniYield New York Quality Fund, Inc. (MYN)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 111.0%

 

 

 

 

 

 

 

Corporate — 6.7%

 

 

 

 

 

 

 

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

 

$

1,500

 

$

1,558,605

 

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

 

 

900

 

 

940,500

 

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

 

 

3,000

 

 

3,061,500

 

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

 

 

10,750

 

 

10,954,787

 

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

 

 

4,625

 

 

4,657,005

 

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

 

 

 

 

 

 

 

6.15%, 10/01/11

 

 

9,170

 

 

9,585,584

 

6.25%, 10/01/12

 

 

6,470

 

 

7,022,215

 

 

 

 

 

 

 

 

 

 

 

 

 

37,780,196

 

County/City/Special District/School District — 33.1%

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,012,600

 

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

 

 

 

 

 

 

 

5.50%, 12/15/14

 

 

1,250

 

 

1,303,050

 

5.50%, 12/15/16

 

 

1,500

 

 

1,552,545

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

70

 

$

70,370

 

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

 

 

1,000

 

 

1,000,380

 

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

 

 

1,700

 

 

1,730,464

 

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

 

 

1,900

 

 

2,011,644

 

Hudson Yards Infrastructure Corp., RB,
Series A:

 

 

 

 

 

 

 

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

 

 

9,650

 

 

9,667,852

 

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

 

 

17,525

 

 

16,737,251

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium, (AGC),
6.52%, 3/01/39 (b)

 

 

5,000

 

 

1,039,500

 

CAB, Yankee Stadium, (AGC),
6.46%, 3/01/43 (b)

 

 

5,830

 

 

932,159

 

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

 

 

1,000

 

 

1,118,250

 

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

 

 

11,800

 

 

10,924,440

 

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

 

 

5,250

 

 

4,819,658

 

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

 

 

8,050

 

 

7,287,746

 

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

 

 

9,650

 

 

9,459,509

 

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

 

 

3,500

 

 

3,517,360

 

 

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

 

ACA Financial Guaranty 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.

BOCES

 

Board of Cooperative Educational Services

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

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 QUALITY FUND, INC.

OCTOBER 31, 2010

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

 

$

1,020

 

$

1,027,466

 

New York City Transitional Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,700

 

 

1,717,629

 

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

 

 

6,000

 

 

6,667,440

 

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

 

 

1,500

 

 

1,676,085

 

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

 

 

12,395

 

 

12,921,416

 

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

 

 

2,500

 

 

2,699,450

 

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

 

 

5,000

 

 

5,238,650

 

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

 

 

5,980

 

 

5,906,625

 

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

 

 

1,000

 

 

1,058,530

 

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

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

1,500

 

 

1,531,440

 

5.00%, 11/15/35

 

 

33,000

 

 

33,380,160

 

5.00%, 11/15/44

 

 

13,470

 

 

13,589,075

 

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

 

 

980

 

 

1,080,940

 

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

 

 

11,200

 

 

11,927,328

 

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

 

 

6,150

 

 

5,489,675

 

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

 

 

 

 

 

 

 

5.50%, 4/15/12

 

 

460

 

 

494,081

 

5.50%, 4/15/13

 

 

455

 

 

508,076

 

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

 

 

 

 

 

 

 

6.40%, 4/01/13

 

 

1,745

 

 

1,974,206

 

6.40%, 4/01/17

 

 

555

 

 

692,190

 

 

 

 

 

 

 

 

 

 

 

 

 

184,765,240

 

Education — 9.4%

 

 

 

 

 

 

 

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

 

 

5,725

 

 

5,923,657

 

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

 

 

 

 

 

 

 

5.00%, 7/01/30

 

 

5,410

 

 

5,647,553

 

5.00%, 7/01/35

 

 

2,675

 

 

2,776,276

 

 

 

 

 

 

 

 

 

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

 

$

1,364,441

 

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

 

 

2,000

 

 

1,980,060

 

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

 

 

5,500

 

 

6,166,215

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,500

 

 

2,540,950

 

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

 

 

7,100

 

 

7,285,736

 

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

 

 

4,580

 

 

5,608,439

 

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

 

 

1,255

 

 

1,265,467

 

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

 

 

 

 

 

 

 

4.75%, 12/01/39

 

 

3,550

 

 

3,618,408

 

5.00%, 12/01/39

 

 

2,150

 

 

2,232,797

 

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

 

 

 

 

 

 

 

5.00%, 7/01/36

 

 

5,250

 

 

5,555,970

 

5.00%, 7/01/44

 

 

500

 

 

513,280

 

 

 

 

 

 

 

 

 

 

 

 

 

52,479,249

 

Health — 7.6%

 

 

 

 

 

 

 

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

 

 

4,650

 

 

4,985,823

 

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

 

 

3,200

 

 

3,390,080

 

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

 

 

7,970

 

 

8,462,865

 

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

 

 

1,500

 

 

1,528,065

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,357,180

 

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

 

 

3,000

 

 

3,160,860

 

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

 

 

5,000

 

 

5,119,250

 

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

 

 

1,180

 

 

1,220,899

 

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

 

 

1,000

 

 

1,013,750

 

 

 

 

2

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2010

 

 

 

 

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)

 

 

 

 

 

 

 

Health (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

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

 

$

2,075

 

$

2,168,084

 

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

 

 

1,000

 

 

1,018,460

 

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

 

 

2,900

 

 

2,943,587

 

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

 

 

1,050

 

 

1,058,978

 

 

 

 

 

 

 

 

 

 

 

 

 

42,427,881

 

Housing — 3.5%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.13%, 2/01/20

 

 

1,125

 

 

1,138,095

 

6.25%, 2/01/31

 

 

1,125

 

 

1,137,341

 

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

 

 

 

 

 

 

 

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

 

 

750

 

 

750,465

 

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

 

 

1,335

 

 

1,336,135

 

Series C, 5.00%, 11/01/26

 

 

1,500

 

 

1,532,730

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

1,985,680

 

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

 

 

1,340

 

 

1,290,353

 

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

 

 

840

 

 

841,520

 

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

 

 

600

 

 

600,324

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

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

 

 

990

 

 

992,742

 

Series 133, 4.95%, 10/01/21

 

 

520

 

 

535,423

 

Series 143, 4.90%, 10/01/37

 

 

980

 

 

978,511

 

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

 

 

2,485

 

 

2,520,486

 

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

 

 

1,500

 

 

1,507,575

 

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

 

 

2,445

 

 

2,458,301

 

 

 

 

 

 

 

 

 

 

 

 

 

19,605,681

 

State — 8.2%

 

 

 

 

 

 

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,750

 

 

1,885,293

 

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

 

 

1,570

 

 

1,785,954

 

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

 

 

6,460

 

 

6,628,800

 

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

 

 

550

 

 

575,168

 

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

 

 

4,050

 

 

4,222,975

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

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

 

$

6,900

 

$

7,371,477

 

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

 

 

5,000

 

 

5,233,150

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,620,930

 

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

 

 

4,380

 

 

4,679,504

 

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

 

 

 

 

 

 

 

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

 

 

3,000

 

 

3,296,610

 

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

 

 

5,000

 

 

5,195,500

 

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

 

 

3,190

 

 

3,222,538

 

 

 

 

 

 

 

 

 

 

 

 

 

45,717,899

 

Tobacco — 1.7%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

 

5,000

 

 

5,410,700

 

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

 

 

2,000

 

 

2,145,440

 

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

 

 

1,900

 

 

2,051,525

 

 

 

 

 

 

 

 

 

 

 

 

 

9,607,665

 

Transportation — 29.9%

 

 

 

 

 

 

 

Hudson Yards Infrastructure Corp., RB:

 

 

 

 

 

 

 

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

 

 

4,300

 

 

4,387,849

 

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

 

 

550

 

 

561,237

 

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

 

 

3,840

 

 

3,916,147

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

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

 

 

3,200

 

 

3,779,360

 

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

 

 

1,295

 

 

1,318,737

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A, 5.13%, 1/01/29

 

 

1,450

 

 

1,495,922

 

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

 

 

1,015

 

 

1,059,345

 

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

 

 

29,300

 

 

31,125,097

 

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

 

 

1,390

 

 

1,476,583

 

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

 

 

6,600

 

 

6,943,134

 

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

 

 

2,500

 

 

2,630,900

 

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

 

 

1,640

 

 

1,769,872

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2010

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)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
Refunding RB (concluded):

 

 

 

 

 

 

 

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

 

$

6,235

 

$

6,845,407

 

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

 

 

5,000

 

 

5,138,150

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,216,480

 

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

 

 

7,250

 

 

7,554,572

 

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

 

 

9,000

 

 

9,339,030

 

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

 

 

2,000

 

 

2,107,880

 

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

 

 

1,030

 

 

1,074,331

 

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

 

 

3,900

 

 

4,275,219

 

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

 

 

2,705

 

 

2,722,907

 

Port Authority of New York & New Jersey,
RB:

 

 

 

 

 

 

 

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

 

 

2,700

 

 

2,716,281

 

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

 

 

1,000

 

 

1,028,970

 

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

 

 

14,750

 

 

14,786,580

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
6.25%, 12/01/11

 

 

7,175

 

 

7,369,801

 

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

 

 

4,425

 

 

4,724,661

 

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

 

 

7,380

 

 

7,951,286

 

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

 

 

10,160

 

 

10,181,539

 

Special Project, JFK International Air
Terminal, Series 6, AMT (NPFGC),
5.75%, 12/01/25

 

 

3,500

 

 

3,506,895

 

Triborough Bridge & Tunnel Authority,
RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,502,920

 

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

 

 

2,465

 

 

2,635,085

 

 

 

 

 

 

 

 

 

 

 

 

 

167,142,177

 

Utilities — 10.9%

 

 

 

 

 

 

 

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

 

 

3,315

 

 

3,515,856

 

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

 

 

7,000

 

 

7,233,870

 

Long Island Power Authority, Refunding
RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,741,470

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Utilities (concluded)

 

 

 

 

 

 

 

Long Island Power Authority, Refunding
RB (concluded):

 

 

 

 

 

 

 

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

 

$

4,000

 

$

4,186,160

 

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

 

 

1,015

 

 

1,151,000

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

3,500

 

 

3,636,430

 

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

 

 

24,650

 

 

25,498,453

 

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

 

 

1,000

 

 

1,010,900

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

975

 

 

1,023,204

 

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

 

 

500

 

 

494,910

 

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

 

 

1,250

 

 

1,290,812

 

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

 

 

9,000

 

 

9,422,820

 

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

 

 

500

 

 

504,005

 

 

 

 

 

 

 

 

 

 

 

 

 

60,709,890

 

Total Municipal Bonds in New York

 

 

 

 

 

620,235,878

 

Guam — 1.2%

 

 

 

 

 

 

 

Transportation — 0.7%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

2,240

 

 

2,248,691

 

5.25%, 10/01/22

 

 

2,050

 

 

2,056,519

 

 

 

 

 

 

 

 

 

 

 

 

 

4,305,210

 

Utilities — 0.5%

 

 

 

 

 

 

 

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

 

 

2,730

 

 

2,768,302

 

Total Municipal Bonds in Guam

 

 

 

 

 

7,073,512

 

Puerto Rico — 15.5%

 

 

 

 

 

 

 

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

 

 

2,185,092

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.77%, 8/01/41 (b)

 

 

12,800

 

 

2,056,064

 

 

 

 

 

 

 

 

 

 

 

 

 

4,241,156

 

Housing — 0.7%

 

 

 

 

 

 

 

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

 

 

4,000

 

 

4,096,880

 

State — 7.6%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,198,120

 

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

 

 

3,000

 

 

3,263,790

 

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

 

 

2,150

 

 

2,264,165

 

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

 

 

2,000

 

 

2,171,060

 

 

 

 

4

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2010

 

 

 

 

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)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

4,775

 

$

5,151,461

 

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

 

 

 

 

 

 

 

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

 

 

3,900

 

 

808,821

 

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

 

 

8,000

 

 

945,200

 

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

 

 

22,030

 

 

6,144,608

 

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

 

 

4,000

 

 

4,003,640

 

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

 

 

 

 

 

 

 

5.50%, 7/01/31

 

 

5,000

 

 

5,588,700

 

5.25%, 7/01/32

 

 

1,000

 

 

1,081,320

 

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

 

 

2,850

 

 

3,074,694

 

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

 

 

4,500

 

 

4,886,055

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
6.00%, 8/01/43 (b)

 

 

5,000

 

 

696,950

 

 

 

 

 

 

 

 

 

 

 

 

 

42,278,584

 

Transportation — 3.8%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB:

 

 

 

 

 

 

 

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

 

 

655

 

 

733,200

 

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

 

 

2,265

 

 

2,349,915

 

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

 

 

345

 

 

351,510

 

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

 

 

6,275

 

 

7,145,029

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

Series AA-1 (AGM), 4.95%, 7/01/26

 

 

1,250

 

 

1,295,625

 

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

 

 

1,000

 

 

1,077,590

 

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

 

 

4,750

 

 

5,085,160

 

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

 

 

3,000

 

 

3,254,550

 

 

 

 

 

 

 

 

 

 

 

 

 

21,292,579

 

Utilities — 2.6%

 

 

 

 

 

 

 

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

 

 

10,980

 

 

11,286,232

 

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

 

 

3,000

 

 

3,254,520

 

 

 

 

 

 

 

 

 

 

 

 

 

14,540,752

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

86,449,951

 

Total Municipal Bonds – 127.7%

 

 

 

 

 

713,759,341

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (f)

 

Par
(000)

 

Value

 

New York — 28.0%

 

 

 

 

 

 

 

County/City/Special District/School District — 11.2%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

$

6,750

 

$

7,347,915

 

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

 

 

14,400

 

 

16,513,200

 

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

 

 

6,000

 

 

6,637,320

 

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

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

14,500

 

 

15,842,845

 

5.00%, 10/15/32

 

 

14,500

 

 

15,842,845

 

 

 

 

 

 

 

 

 

 

 

 

 

62,184,125

 

Education — 1.2%

 

 

 

 

 

 

 

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

 

 

6,498

 

 

6,862,017

 

State — 1.6%

 

 

 

 

 

 

 

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

 

 

7,850

 

 

9,060,941

 

Transportation — 12.6%

 

 

 

 

 

 

 

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

 

 

3,901

 

 

4,117,148

 

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

 

 

8,460

 

 

8,676,069

 

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

 

 

16,000

 

 

16,688,640

 

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

 

 

10,000

 

 

10,477,800

 

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

 

 

2,500

 

 

2,576,475

 

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

 

 

 

 

 

 

 

5.25%, 11/15/23

 

 

7,000

 

 

7,473,830

 

5.00%, 11/15/32

 

 

19,677

 

 

20,537,182

 

 

 

 

 

 

 

 

 

 

 

 

 

70,547,144

 

Utilities — 1.4%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

4,094

 

 

4,676,484

 

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

 

 

2,759

 

 

3,114,502

 

 

 

 

 

 

 

 

 

 

 

 

 

7,790,986

 

Total Municipal Bonds Transferred to
Tender Option Bond Trusts – 28.0%

 

 

 

 

 

156,445,213

 

Total Long-Term Investments
(Cost – $841,492,496) – 155.7%

 

 

 

 

 

870,204,554

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2010

5

 

 

 

 

Schedule of Investments (continued)

BlackRock MuniYield New York Quality Fund, Inc. (MYN)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

Value

 

BIF New York Municipal Money Fund
0.00%, (g)(h)

 

 

10,009,970

 

$

10,009,970

 

Total Short-Term Securities
(Cost – $10,009,970) – 1.8%

 

 

 

 

 

10,009,970

 

Total Investments
(Cost – $851,502,466*) – 157.5%

 

 

 

 

 

880,214,524

 

Other Assets Less Liabilities –0.9%

 

 

 

 

 

5,003,867

 

Liability for Trust Certificates, Including Interest
Expense and Fees Payable – (14.1)%

 

 

 

 

 

(78,689,677

)

Preferred Shares, at Redemption Value – (44.3)%

 

 

 

 

 

(247,743,735

)

 

 

 

 

 

 

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

558,784,979

 

 

 

 

 

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of October 31, 2010, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

Aggregate cost

 

$

773,647,051

 

 

 

 

Gross unrealized appreciation

 

$

37,148,327

 

Gross unrealized depreciation

 

 

(9,195,658

)

 

 

 

Net unrealized appreciation

 

$

27,952,669

 

 

 

 

 

 

(a)

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

 

 

(b)

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

 

 

(c)

When-issued security. Unsettled when-issued transactions were as follows:

 

 

 

 

 

 

 

 

Counterparty

 

 

Value

 

 

Unrealized
Appreciation

 

JP Morgan Securities

 

$

4,985,823

 

$

16,607

 

 

 

(d)

Security is collateralized by Municipal or US Treasury obligations.

 

 

(e)

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.

 

 

(f)

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.

 

 

(g)

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,
2010

 

Net
Activity

 

Shares
Held at
October 31,
2010

 

Income

 

BIF New York
Municipal
Money Fund

 

 

8,174,307

 

 

1,835,663

 

 

10,009,970

 

$

—

 

 

 

(h)

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


 

 

 

 

6

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 2010

 

 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniYield New York Quality 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 annual report.

The following table summarizes the inputs used as of October 31, 2010 in determining the fair valuation of the Fund’s investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

870,204,554

 

 

—

 

$

870,204,554

 

Short-Term
Securities

 

$

10,009,970

 

 

—

 

 

—

 

 

10,009,970

 

Total

 

$

10,009,970

 

$

870,204,554

 

 

—

 

$

880,214,524

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

OCTOBER 31, 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 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/ Anne F. Ackerley  
    Anne F. Ackerley
    Chief Executive Officer of
    BlackRock MuniYield New York Quality Fund, Inc.
   
  Date: December 22, 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 Quality Fund, Inc.
   
  Date: December 22, 2010
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniYield New York Quality Fund, Inc.
     
  Date: December 22, 2010