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: 04/30/2012

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments April 30, 2012 (Unaudited)

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

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 73.8%

 

 

 

 

 

 

 

Corporate — 2.6%

 

 

 

 

 

 

 

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

 

$

1,500

 

$

1,576,515

 

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

 

 

3,400

 

 

3,714,704

 

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

 

 

4,750

 

 

4,998,472

 

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

 

 

4,625

 

 

4,730,774

 

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

 

 

6,470

 

 

6,622,239

 

 

 

 

 

 

 

21,642,704

 

County/City/Special District/School District — 21.4%

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,085,640

 

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

 

 

1,040

 

 

1,130,095

 

City of New York New York, GO:

 

 

 

 

 

 

 

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

 

 

1,950

 

 

2,182,654

 

Series D, 5.00%, 10/01/33

 

 

8,350

 

 

9,440,426

 

City of New York New York, GO,
Refunding:

 

 

 

 

 

 

 

Series 02-B (AMBAC), 7.00%,
2/01/18

 

 

70

 

 

70,377

 

Series E, 5.00%, 8/01/27

 

 

1,070

 

 

1,213,958

 

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

 

 

 

 

 

 

 

5.00%, 12/01/30

 

 

1,190

 

 

1,358,207

 

5.00%, 12/01/36

 

 

1,150

 

 

1,293,405

 

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

 

 

1,700

 

 

1,714,042

 

Erie County Industrial Development
Agency, RB:

 

 

 

 

 

 

 

City of Buffalo Project (AGM),
5.75%, 5/01/20

 

 

1,900

 

 

1,900,285

 

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

 

 

2,305

 

 

2,621,822

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Erie County Industrial Development
Agency, RB (continued):

 

 

 

 

 

 

 

School District of Buffalo
Project, Series A, 5.25%,
5/01/32

 

$

1,000

 

$

1,132,490

 

Hudson New York Yards Infrastructure
Corp., RB, Series A:

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

750

 

 

776,408

 

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

 

 

4,580

 

 

4,787,795

 

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

 

 

17,525

 

 

17,371,656

 

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

 

 

3,415

 

 

3,535,242

 

New York City Industrial Development
Agency, RB, Queens Baseball Stadium
(AMBAC), 5.00%, 1/01/36

 

 

8,800

 

 

8,584,752

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium (AGC), 6.59%,
3/01/39 (b)

 

 

5,000

 

 

1,276,100

 

CAB, Yankee Stadium (AGC), 6.54%,
3/01/43 (b)

 

 

4,330

 

 

861,843

 

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

 

 

1,750

 

 

1,697,237

 

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

 

 

1,000

 

 

1,123,450

 

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

 

 

2,250

 

 

2,306,205

 

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

 

 

9,650

 

 

9,784,424

 

New York City Transitional Finance
Authority, RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,685,320

 

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

 

 

1,500

 

 

1,682,670

 

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

 

 

12,395

 

 

13,157,788

 

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

 

 

2,445

 

 

2,537,763

 

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

 

 

55

 

 

56,872

 

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

 

 

5,000

 

 

5,302,650

 

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

 

 

5,980

 

 

6,089,554

 

New York City Transitional Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,700

 

 

1,749,912

 

Series A (NPFGC), 5.00%,
11/15/26

 

 

1,000

 

 

1,003,470

 

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

 

 

 

 

 

 

 

5.00%, 11/15/30

 

 

1,500

 

 

1,566,675

 

5.00%, 11/15/35

 

 

11,600

 

 

12,029,780

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

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

 

 

 

 

 

 

 

5.00%, 11/15/44

 

$

14,470

 

$

14,972,109

 

New York Liberty Development Corp.,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

2,570

 

 

2,838,668

 

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

 

 

3,460

 

 

3,927,481

 

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

 

 

3,900

 

 

4,166,175

 

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

 

 

630

 

 

670,232

 

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

 

 

11,200

 

 

12,188,512

 

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

 

 

500

 

 

557,220

 

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

 

 

3,400

 

 

3,348,728

 

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

 

 

675

 

 

754,508

 

Town of Huntington New York, GO,
Refunding (AMBAC), 5.50%, 4/15/13

 

 

455

 

 

478,037

 

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

 

 

 

 

 

 

 

6.40%, 4/01/13

 

 

1,745

 

 

1,839,562

 

6.40%, 4/01/17

 

 

555

 

 

689,754

 

 

 

 

 

 

 

176,541,953

 

Education — 11.0%

 

 

 

 

 

 

 

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

 

 

5,725

 

 

6,164,794

 

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

 

 

 

 

 

 

 

5.00%, 7/01/30

 

 

5,410

 

 

5,771,767

 

5.00%, 7/01/35

 

 

2,675

 

 

2,825,522

 

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

 

 

3,885

 

 

4,063,050

 

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

 

 

1,275

 

 

1,309,604

 

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

 

 

5,500

 

 

6,300,855

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (continued)

 

 

 

 

 

 

 

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

 

$

1,000

 

$

1,105,520

 

New York State Dormitory Authority,
LRB, State University Dormitory
Facilities, Series A:

 

 

 

 

 

 

 

5.00%, 7/01/35

 

 

800

 

 

873,296

 

5.00%, 7/01/40

 

 

2,035

 

 

2,200,568

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

5.00%, 7/01/37

 

 

4,775

 

 

5,339,835

 

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

 

 

2,075

 

 

2,425,882

 

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

 

 

325

 

 

365,381

 

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

 

 

1,550

 

 

1,758,739

 

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

 

 

2,000

 

 

2,123,140

 

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

 

 

565

 

 

589,679

 

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

 

 

585

 

 

607,195

 

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

 

 

610

 

 

628,599

 

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

 

 

665

 

 

715,487

 

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

 

 

4,050

 

 

4,502,385

 

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

 

 

4,580

 

 

5,998,472

 

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

 

 

1,000

 

 

1,101,000

 

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

 

 

2,000

 

 

2,155,860

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,114,000

 

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

 

 

7,100

 

 

7,438,386

 

Rockefeller University, Series
B, 4.00%, 7/01/38

 

 

3,085

 

 

3,189,180

 

State University Educational
Facilities, Series A, 5.00%,
5/15/29

 

 

1,000

 

 

1,151,680

 

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

 

 

1,255

 

 

1,259,430

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

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)

 

 

 

 

 

 

 

Schenectady County Capital Resource
Corp, Refunding RB,:

 

 

 

 

 

 

 

5.00%, 7/01/32

 

$

1,120

 

$

1,267,784

 

4.25%, 7/01/33

 

 

865

 

 

891,642

 

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

 

 

 

 

 

 

 

5.50%, 7/01/33

 

 

500

 

 

568,985

 

5.25%, 7/01/36

 

 

860

 

 

951,994

 

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

 

 

2,280

 

 

2,456,290

 

Trust for Cultural Resources, Refunding
RB:

 

 

 

 

 

 

 

American Museum of Natural
History, Series A (NPFGC), 5.00%,
7/01/36

 

 

4,750

 

 

4,902,380

 

American Museum of Natural
History, Series A (NPFGC), 5.00%,
7/01/44

 

 

500

 

 

513,825

 

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

 

 

3,550

 

 

3,736,872

 

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

 

 

2,150

 

 

2,299,575

 

 

 

 

 

 

 

90,668,653

 

Health — 7.1%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.50%, 4/01/30

 

 

250

 

 

278,085

 

5.50%, 4/01/34

 

 

490

 

 

542,454

 

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

 

 

4,650

 

 

5,228,460

 

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

 

 

2,200

 

 

2,431,132

 

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

 

 

7,970

 

 

8,159,287

 

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

 

 

1,500

 

 

1,548,525

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,180,560

 

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

 

 

6,500

 

 

6,957,210

 

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

 

 

5,000

 

 

5,149,050

 

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

 

 

3,450

 

 

3,877,248

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Health (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

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

 

$

1,100

 

$

1,245,409

 

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

 

 

2,075

 

 

2,310,326

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,562,235

 

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

 

 

4,000

 

 

4,369,440

 

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

 

 

9,220

 

 

10,238,718

 

Saint Luke’s Roosevelt Hospital
(FHA), 4.90%, 8/15/31

 

 

2,900

 

 

3,046,972

 

 

 

 

 

 

 

59,125,111

 

Housing — 2.5%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

6.13%, 2/01/20

 

 

925

 

 

927,470

 

6.25%, 2/01/31

 

 

1,125

 

 

1,126,924

 

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

 

 

 

 

 

 

 

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

 

 

750

 

 

764,003

 

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

 

 

1,335

 

 

1,352,982

 

Series C, 5.00%, 11/01/26

 

 

1,500

 

 

1,546,590

 

Series C, 5.05%, 11/01/36

 

 

2,000

 

 

2,046,980

 

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

 

 

1,340

 

 

1,344,958

 

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

 

 

840

 

 

858,152

 

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

 

 

600

 

 

622,326

 

New York Mortgage Agency, Refunding
RB, AMT:

 

 

 

 

 

 

 

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

 

 

750

 

 

750,555

 

Series 133, 4.95%, 10/01/21

 

 

520

 

 

539,599

 

Series 143, 4.85%, 10/01/27

 

 

1,100

 

 

1,122,616

 

Series 143, 4.90%, 10/01/37

 

 

902

 

 

915,105

 

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

 

 

2,485

 

 

2,560,494

 

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

 

 

1,500

 

 

1,515,195

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

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

 

$

2,501,944

 

 

 

 

 

 

 

20,495,893

 

State — 5.0%

 

 

 

 

 

 

 

New York State, GO, Series E, 3.75%,
12/15/31

 

 

2,000

 

 

2,060,640

 

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

 

 

6,230

 

 

7,030,991

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,750

 

 

1,947,313

 

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

 

 

1,570

 

 

1,703,199

 

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

 

 

4,050

 

 

4,322,686

 

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

 

 

6,900

 

 

7,030,893

 

New York State Dormitory Authority,
Refunding RB, School Districts
Financing Program, Series A (AGM),
5.00%, 10/01/35

 

 

550

 

 

588,709

 

New York State Thruway Authority, RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,672,815

 

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

 

 

4,380

 

 

4,885,189

 

New York State Urban Development
Corp., RB:

 

 

 

 

 

 

 

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

 

 

3,000

 

 

3,124,410

 

State Personal Income Tax,
Series A, 3.50%, 3/15/28

 

 

1,500

 

 

1,527,510

 

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

 

 

5,000

 

 

5,325,900

 

 

 

 

 

 

 

41,220,255

 

Tobacco — 0.9%

 

 

 

 

 

 

 

Tobacco Settlement Financing Corp.
New York, RB:

 

 

 

 

 

 

 

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

 

 

5,000

 

 

5,255,200

 

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

 

 

1,900

 

 

2,001,479

 

 

 

 

 

 

 

7,256,679

 

Transportation — 16.7%

 

 

 

 

 

 

 

Hudson New York Yards Infrastructure
Corp., RB:

 

 

 

 

 

 

 

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

 

 

4,300

 

 

4,495,091

 

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

 

 

550

 

 

574,954

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Transportation (continued)

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

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

 

$

3,200

 

$

4,056,384

 

Transportation, Series A,
5.00%, 11/15/27

 

 

1,000

 

 

1,130,300

 

Transportation, Series D,
5.25%, 11/15/41

 

 

4,000

 

 

4,383,320

 

Metropolitan Transportation Authority,
Refunding RB:

 

 

 

 

 

 

 

Series A, 5.13%, 1/01/29

 

 

1,000

 

 

1,006,610

 

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

 

 

1,015

 

 

1,036,630

 

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

 

 

1,390

 

 

1,418,856

 

Series B, 5.00%, 11/15/34

 

 

1,500

 

 

1,658,460

 

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

 

 

1,640

 

 

1,653,727

 

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

 

 

1,000

 

 

1,131,380

 

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

 

 

6,235

 

 

6,405,028

 

New York Liberty Development Corp.,
RB, 1 World Trade Center Port
Authority Construction:

 

 

 

 

 

 

 

5.00%, 12/15/41

 

 

6,000

 

 

6,555,360

 

5.25%, 12/15/43

 

 

3,500

 

 

3,932,775

 

New York State Thruway Authority, RB,
Series F (AMBAC), 5.00%, 1/01/30

 

 

6,000

 

 

6,476,880

 

New York State Thruway Authority,
Refunding RB, Series G (AGM):

 

 

 

 

 

 

 

4.75%, 1/01/29

 

 

7,250

 

 

7,823,838

 

4.75%, 1/01/30

 

 

9,000

 

 

9,682,740

 

5.00%, 1/01/30

 

 

2,000

 

 

2,197,560

 

5.00%, 1/01/32

 

 

1,030

 

 

1,131,743

 

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

 

 

1,900

 

 

2,102,426

 

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

 

 

2,705

 

 

2,738,542

 

Port Authority of New York & New
Jersey, RB:

 

 

 

 

 

 

 

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

 

 

500

 

 

501,410

 

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

 

 

2,500

 

 

2,791,875

 

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

 

 

4,425

 

 

4,585,318

 

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

 

 

7,380

 

 

7,759,701

 

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

 

 

10,160

 

 

10,161,524

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

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 (continued)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Port Authority of New York & New
Jersey, RB (concluded):

 

 

 

 

 

 

 

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

 

$

3,500

 

$

3,500,175

 

Triborough Bridge & Tunnel Authority,
RB:

 

 

 

 

 

 

 

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

 

 

6,000

 

 

6,325,320

 

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

 

 

1,965

 

 

2,037,312

 

Triborough Bridge & Tunnel Authority,
Refunding RB:

 

 

 

 

 

 

 

Series C, 5.00%, 11/15/38

 

 

2,000

 

 

2,202,260

 

Series E (NPFGC), 5.25%,
11/15/23

 

 

6,500

 

 

6,661,915

 

Series E (NPFGC), 5.00%,
11/15/32

 

 

19,675

 

 

20,061,810

 

 

 

 

 

 

 

138,181,224

 

Utilities — 6.6%

 

 

 

 

 

 

 

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

 

 

2,275

 

 

2,336,266

 

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

 

 

7,000

 

 

7,502,180

 

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

 

 

3,775

 

 

4,120,677

 

Long Island Power Authority, Refunding
RB:

 

 

 

 

 

 

 

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

 

 

1,500

 

 

1,775,055

 

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

 

 

4,000

 

 

4,190,760

 

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

 

 

1,015

 

 

1,164,987

 

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

 

 

2,000

 

 

2,196,100

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

1,000

 

 

1,133,970

 

Second General Resolution,
Series FF, 5.00%, 6/15/31

 

 

1,500

 

 

1,700,955

 

Second General Resolution,
Series GG, 5.00%, 6/15/39

 

 

1,000

 

 

1,089,220

 

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

 

 

9,000

 

 

9,729,450

 

Series DD, 5.00%, 6/15/32

 

 

6,750

 

 

7,432,560

 

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

 

 

1,000

 

 

1,039,560

 

New York State Environmental Facilities
Corp., Refunding RB:

 

 

 

 

 

 

 

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

 

 

2,100

 

 

2,344,167

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Utilities (concluded)

 

 

 

 

 

 

 

New York State Environmental Facilities
Corp., Refunding RB (concluded):

 

 

 

 

 

 

 

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

 

$

1,040

 

$

1,190,550

 

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

 

 

4,920

 

 

5,552,515

 

 

 

 

 

 

 

54,498,972

 

Total Municipal Bonds in New York

 

 

 

 

 

609,631,444

 

 

 

 

 

 

 

 

 

Guam — 0.7%

 

 

 

 

 

 

 

Transportation — 0.5%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.25%, 10/01/21

 

 

2,240

 

 

2,243,562

 

5.25%, 10/01/22

 

 

2,050

 

 

2,052,931

 

 

 

 

 

 

 

4,296,493

 

Utilities — 0.2%

 

 

 

 

 

 

 

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

 

 

1,380

 

 

1,489,034

 

Total Municipal Bonds in Guam

 

 

 

 

 

5,785,527

 

 

 

 

 

 

 

 

 

Puerto Rico — 8.6%

 

 

 

 

 

 

 

Housing — 0.5%

 

 

 

 

 

 

 

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

 

 

3,500

 

 

3,787,350

 

State — 5.2%

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,265,280

 

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

 

 

2,000

 

 

2,230,520

 

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

 

 

4,775

 

 

5,297,767

 

Puerto Rico Commonwealth
Infrastructure Financing Authority, RB,
CAB, Series A (NPFGC), 4.62%,
7/01/31 (b)

 

 

22,030

 

 

7,211,741

 

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

 

 

2,500

 

 

2,896,000

 

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

 

 

 

 

 

 

 

4.67%, 7/01/35

 

 

3,900

 

 

957,996

 

5.02%, 7/01/43

 

 

8,000

 

 

1,160,080

 

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

 

 

2,850

 

 

3,157,088

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

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)

 

 

 

 

 

 

 

State (concluded)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

5.63%, 8/01/30

 

$

2,000

 

$

2,115,880

 

5.75%, 8/01/37

 

 

7,150

 

 

7,906,827

 

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

 

 

2,100

 

 

2,208,633

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB:

 

 

 

 

 

 

 

CAB, Series A (NPFGC), 5.75%,
8/01/41 (b)

 

 

12,800

 

 

2,458,752

 

CAB, Series A (NPFGC), 5.96%,
8/01/43 (b)

 

 

4,000

 

 

682,480

 

Senior Series C, 5.25%,
8/01/40

 

 

2,035

 

 

2,226,697

 

 

 

 

 

 

 

42,775,741

 

Transportation — 2.2%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, RB:

 

 

 

 

 

 

 

Series G (NPFGC), 5.25%, 7/01/13
(c)

 

 

655

 

 

692,819

 

Series G (NPFGC), 5.25%, 7/01/13
(c)

 

 

345

 

 

364,920

 

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

 

 

6,275

 

 

7,505,465

 

Puerto Rico Highway & Transportation
Authority, Refunding RB:

 

 

 

 

 

 

 

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

 

 

3,660

 

 

3,905,330

 

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

 

 

2,500

 

 

2,908,000

 

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

 

 

3,000

 

 

3,027,600

 

 

 

 

 

 

 

18,404,134

 

Utilities — 0.7%

 

 

 

 

 

 

 

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

 

 

1,950

 

 

2,002,221

 

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

 

 

1,000

 

 

1,047,340

 

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

 

 

3,000

 

 

3,215,160

 

 

 

 

 

 

 

6,264,721

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

71,231,946

 

 

 

 

 

 

 

 

 

Total Municipal Bonds – 83.1%

 

 

 

 

 

686,648,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

New York — 28.8%

 

 

 

 

 

 

 

County/City/Special District/School District — 10.7%

 

 

 

 

 

 

 

City of New York New York, GO:

 

 

 

 

 

 

 

Series J, 5.00%, 5/15/23

 

 

6,750

 

 

7,301,138

 

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

 

 

14,400

 

 

16,893,360

 

 

 

 

 

 

 

 

 

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

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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

 

$

4,125

 

$

4,600,365

 

New York Convention Center
Development Corp., RB, Hotel Unit
Fee Secured (AMBAC), 5.00%,
11/15/35

 

 

20,000

 

 

20,741,000

 

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

 

 

6,000

 

 

6,802,740

 

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

 

 

 

 

 

 

 

5.25%, 10/15/27

 

 

13,000

 

 

14,225,900

 

5.00%, 10/15/32

 

 

16,000

 

 

17,508,800

 

 

 

 

 

 

 

88,073,303

 

Education — 2.3%

 

 

 

 

 

 

 

New York State Dormitory Authority,
LRB, State University Dormitory
Facilities, Series A, 5.00%, 7/01/35

 

 

5,198

 

 

5,757,235

 

New York State Dormitory Authority, RB,
New York University, Series A:

 

 

 

 

 

 

 

5.00%, 7/01/38

 

 

6,498

 

 

7,004,692

 

(AMBAC), 5.00%, 7/01/37

 

 

5,707

 

 

6,097,643

 

 

 

 

 

 

 

18,859,570

 

State — 1.9%

 

 

 

 

 

 

 

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

 

 

7,850

 

 

9,165,896

 

New York State Dormitory Authority, RB,
Mental Health Services Facilities,
Series C, AMT (AGM), 5.40%, 2/15/33

 

 

6,297

 

 

6,662,363

 

 

 

 

 

 

 

15,828,259

 

Transportation — 11.0%

 

 

 

 

 

 

 

Hudson New York Yards Infrastructure
Corp., RB, Series A, 5.75%, 2/15/47

 

 

9,739

 

 

10,991,303

 

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

 

 

3,901

 

 

4,340,033

 

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

 

 

18,000

 

 

20,225,700

 

New York Liberty Development Corp.,
Refunding RB:

 

 

 

 

 

 

 

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

 

 

2,000

 

 

2,132,780

 

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

 

 

2,490

 

 

2,487,659

 

7 World Trade Center Project,
5.00%, 9/15/40

 

 

3,645

 

 

4,052,985

 

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

 

 

16,000

 

 

17,580,480

 

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

 

 

10,000

 

 

10,711,700

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

6


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

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

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Port Authority of New York & New
Jersey, RB:

 

 

 

 

 

 

 

Consolidated, 155th Series, AMT
(AGM), 5.13%, 7/15/30

 

$

2,500

 

$

2,683,900

 

Consolidated, 169th Series,
5.00%, 10/15/25

 

 

7,990

 

 

9,057,922

 

Consolidated, 169th Series,
AMT, 5.00%, 10/15/26

 

 

6,000

 

 

6,750,180

 

 

 

 

 

 

 

91,014,642

 

Utilities — 2.9%

 

 

 

 

 

 

 

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

 

 

4,094

 

 

4,847,082

 

New York City Municipal Water Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

Second General Resolution,
Fiscal 2012, Series B, AMT,
5.00%, 6/15/44

 

 

3,991

 

 

4,384,209

 

Second General Resolution,
Series HH, 5.00%, 6/15/32

 

 

9,900

 

 

11,325,501

 

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

 

 

2,759

 

 

3,153,142

 

 

 

 

 

 

 

23,709,934

 

Total Municipal Bonds in New York

 

 

 

 

 

237,485,708

 

 

 

 

 

 

 

 

 

Total Municipal Bonds Transferred to Tender Option
Bond (TOB) Trusts – 28.8%

 

 

 

 

 

237,485,708

 

Total Long-Term Investments
(Cost – $868,010,474) – 111.9%

 

 

 

 

 

924,134,625

 
 

 

 

 

 

 

 

 

 

Short-Term Securities

 

 

 

 

 

 

 

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

 

 

6,805,587

 

 

6,805,587

 

Total Short-Term Securities
(Cost – $6,805,587) – 0.8%

 

 

 

 

 

6,805,587

 

Total Investments (Cost - $874,816,061*) – 112.7%

 

 

 

 

 

930,940,212

 

Other Assets Less Liabilities – 31.6%

 

 

 

 

 

260,526,354

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (14.3)%

 

 

 

 

 

(118,016,886

)

VRDP Shares, at Redemption Value – (30.0)%

 

 

 

 

 

(247,700,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

825,749,680

 

 

 

*

As of April 30, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:


 

 

 

 

 

 

 

Tax cost

 

$

757,310,815

 

 

Gross unrealized appreciation

 

$

59,632,833

 

 

Gross unrealized depreciation

 

 

(3,963,802

)

 

Net unrealized appreciation

 

$

55,669,031

 

 

 

(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)

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.

 

 

(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.

 

 

(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
April 30, 2012

 

Income

 


BIF New York

 

 

 

 

 

 

 

 

 

 

Municipal

 

 

 

 

 

 

 

 

 

 

Money Fund

 

14,521,616

 

(7,716,029)

 

6,805,587

 

$

132

 


 

 

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

 

•

Financial futures contracts sold as of April 30, 2012 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

 

Notional
Value

 

Unrealized
Depreciation

 

672

 

10-Year US
Treasury
Note

 

Chicago
Board
of Trade

 

June 2012

 

$

88,893,000

 

$

(1,300,652

)

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

7


 

 

 

 

Schedule of Investments (continued)

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


 

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

Fannie Mae

Federal National Mortgage Association

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

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. 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 and derivative financial instruments)


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

8


 

 

 

 

Schedule of Investments (concluded)

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

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value disclosure 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 investment 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 and derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of April 30, 2012 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments1

 

 

—

 

$

924,134,625

 

 

—

 

$

924,134,625

 

Short-Term
Securities

 

$

6,805,587

 

 

—

 

 

—

 

 

6,805,587

 

Total

 

$

6,805,587

 

$

924,134,625

 

 

—

 

$

930,940,212

 

 

 

1

See above Schedule of Investments for values in each sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
contracts

 

$

(1,300,652

)

 

—

 

 

—

 

$

(1,300,652

)

 

 

2

Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Certain of the Fund’s assets and liabilities are held at carrying amount which approximates fair value. Such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash pledged
as collateral
for financial
futures
contracts

 

$

888,000

 

 

—

 

 

—

 

$

888,000

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank overdraft

 

 

(20,641

)

 

—

 

 

—

 

 

(20,641

)

TOB trust
certificates

 

 

—

 

$

(117,960,366

)

 

—

 

 

(117,960,366

)

VRDP

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

—

 

 

(247,700,000

)

 

—

 

 

(247,700,000

)

Total

 

$

867,359

 

$

(365,660,366

)

 

—

 

$

(364,793,007

)

There were no transfers between levels during the period ended April 30, 2012.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

APRIL 30, 2012

9

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, 2012
   
  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, 2012
   
  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, 2012