BLACKROCK MUNIHOLDINGS 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: 811-08217

Name of Fund:    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings

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: 08/31/2015

Date of reporting period: 05/31/2015

Item 1 – Schedule of Investments

Schedule of Investments May 31, 2015 (Unaudited)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

     Value  

New York — 135.9%

                 

Corporate — 3.7%

  

City of New York New York Industrial Development Agency, Refunding RB, AMT:

     

Terminal One Group Association Project, 5.50%, 1/01/24 (a)

    $ 1,500      $ 1,541,595   

Transportation Infrastructure Properties LLC, Series A, 5.00%, 7/01/28

      820        896,654   

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

      4,340        4,358,358   

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

      5,750        6,770,165   

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

      3,340        3,424,001   
    

 

 

  
               16,990,773   

County/City/Special District/School District — 26.8%

  

City of New York New York, GO,:

     

Fiscal 2012, Sub-Series D-1, 5.00%, 10/01/33

      4,175        4,690,445   

Fiscal 2014, 5.00%, 8/01/31

      945        1,074,437   

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

      2,350        2,607,349   

City of New York New York, GO, Refunding:

     

Series I, 5.00%, 8/01/32

      490        552,127   

Fiscal 2014, Series E, 5.50%, 8/01/25

      5,500        6,770,885   

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

      2,000        2,264,680   

Series E, 5.00%, 8/01/30

      2,000        2,273,700   

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

      19,150        19,529,744   
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 (b)

    $ 1,380      $ 482,379   

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

      800        917,616   

Queens Baseball Stadium (AMBAC), 5.00%, 1/01/31

      3,500        3,594,535   

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

      6,640        6,802,746   

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

      2,200        2,294,974   

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

      9,500        9,680,025   

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

     

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

      950        1,067,145   

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

      2,100        2,373,924   

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

      1,690        1,906,269   

Sub-Series E-1, 3.00%, 2/01/30

      1,900        1,844,862   

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

      1,145        1,339,169   

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

      1,000        1,105,140   

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A, 5.25%, 5/01/31

      1,000        1,148,690   

Hudson Yards Infrastructure Corp., RB, Series A:

     

5.00%, 2/15/47

      2,350        2,475,490   

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

      305        322,135   

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

      7,370        7,784,047   

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

      7,530        7,953,035   

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

      11,905        12,296,674   

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

      1,500        1,580,100   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015    1

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

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

  

  

New York Liberty Development Corp., Refunding RB:

     

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

    $ 1,710      $ 1,930,915   

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

      4,000        4,400,520   

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

      1,755        2,024,287   

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

      885        950,269   

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

      3,530        3,885,648   

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

      3,100        3,153,599   
    

 

 

  
               123,077,560   

Education — 24.3%

     

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

   

  

5.00%, 12/01/30

      250        278,175   

5.00%, 12/01/32

      100        110,930   

4.00%, 12/01/34

      110        109,409   

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

      4,975        5,246,436   

Build New York City Resource Corp., Refunding RB, Series A, 5.00%, 6/01/43

      450        498,092   

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

     

American Museum of National History, 5.00%, 7/01/37

      1,775        2,011,732   

American Museum of National History, 5.00%, 7/01/41

      750        841,883   

Carnegie Hall, 4.75%, 12/01/39

      3,150        3,373,366   

Carnegie Hall, 5.00%, 12/01/39

      1,850        2,047,968   
Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

Education (continued)

     

City of New York New York Trust for Cultural Resources, Refunding RB, Series A (concluded):

     

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

    $ 2,840      $ 3,129,765   

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

      5,535        6,000,770   

County of Madison New York Industrial Development Agency, RB, Colgate University Project, Series A (AMBAC), 5.00%, 7/01/30

      4,000        4,016,800   

County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 7/01/38

      1,240        1,376,462   

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

     

5.00%, 12/01/29

      1,135        1,284,729   

5.00%, 12/01/36

      1,100        1,225,708   

County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A:

     

5.00%, 7/01/37

      715        754,661   

5.00%, 7/01/42

      445        463,565   

County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project:

     

6.00%, 9/01/34

      300        351,129   

5.38%, 9/01/41

      125        138,985   

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

     

5.50%, 7/01/33

      500        558,680   

5.25%, 7/01/36

      700        769,503   

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

      500        570,150   

Dobbs Ferry Local Development Corp., RB, Mercy College Project, 5.00%, 7/01/39

      750        819,803   

 

                
2    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015   

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

Education (continued)

     

State of New York Dormitory Authority, RB:

     

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

    $ 900      $ 1,032,030   

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

      850        868,411   

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

      1,770        2,038,190   

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

      175        200,046   

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

      1,375        1,614,883   

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

      4,500        5,036,355   

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

      1,000        1,102,240   

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

      3,500        4,451,090   

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

      400        447,804   

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

      3,000        3,300,030   

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

      2,000        2,234,940   

Series C, 5.00%, 12/15/31

      1,460        1,558,316   

Siena College, 5.13%, 7/01/39

      1,345        1,429,130   

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

      750        848,258   

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

      1,500        1,679,955   

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

      1,500        1,663,650   

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

      3,265        3,738,686   

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        1,151,370   

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

      1,000        1,126,650   

Fordham University, 4.13%, 7/01/39

      740        760,587   

Fordham University, 5.00%, 7/01/44

      1,900        2,110,805   
Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

Education (concluded)

     

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

     

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

    $ 4,500      $ 4,782,420   

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

      3,000        3,360,180   

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

      4,180        4,648,118   

Rochester Institute of Technology, 4.00%, 7/01/31

      3,300        3,423,717   

Rochester Institute of Technology, 5.00%, 7/01/38

      500        549,345   

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

      750        821,048   

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

      1,550        1,613,070   

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

      2,400        2,699,376   

St. John’s University, Series A, 5.00%, 7/01/28

      500        567,350   

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

      4,755        5,547,944   

State University Dormitory Facilities, Series A, 5.25%, 7/01/32

      6,435        7,482,940   

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

      1,490        1,650,890   
    

 

 

  
               111,518,525   

Health — 9.6%

     

Buffalo & Erie County Industrial Land Development Corp., RB, Catholic Health Services, 4.00%, 7/01/45

      730        705,165   

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

      1,800        1,982,754   

County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 4/01/34

      500        568,620   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015    3

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Health (continued)

     

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%, 12/01/37

    $ 1,180      $ 1,262,966   

County of Monroe New York Industrial Development Corp., Refunding RB:

     

Rochester General Hospital Project, Series B, 3.60%, 12/01/32

      795        778,591   

Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40

      5,925        6,841,953   

County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 7/01/32

      460        506,156   

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

      1,500        1,613,325   

State of New York Dormitory Authority, RB:

     

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

      2,250        2,509,898   

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

      5,500        5,916,460   

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

      1,000        1,003,570   

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

      2,680        3,081,276   

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

      1,800        2,065,860   

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

      1,825        2,021,096   

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

      1,000        1,027,140   

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

      685        703,591   

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

     

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

      1,000        1,089,230   
Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Health (concluded)

     

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

    $ 2,000      $ 2,184,860   

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

     

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

      7,375        8,138,534   
    

 

 

  
               44,001,045   

Housing — 5.5%

     

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

     

5.25%, 7/01/32

      6,505        7,349,609   

5.00%, 7/01/33

      1,375        1,516,103   

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

     

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

      750        766,313   

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

      1,335        1,355,452   

Series C, 5.00%, 11/01/26

      1,250        1,257,700   

Series C, 5.05%, 11/01/36

      2,000        2,018,600   

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

      1,000        1,025,100   

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

      835        850,924   

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

      600        617,490   

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

      1,075        1,117,172   

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

      2,000        2,006,280   

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

      1,000        1,006,160   

State of New York Mortgage Agency, RB, S/F Housing, 49th Series, 4.00%, 10/01/43

      1,525        1,533,616   

State of New York Mortgage Agency, Refunding RB, S/F Housing, 143rd Series, AMT:

     

4.85%, 10/01/27

      1,085        1,118,060   

 

                
4    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015   

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Housing (concluded)

     

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

    $ 2,000      $ 2,041,680   
    

 

 

  
               25,580,259   

State — 19.7%

     

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

     

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

      1,510        1,550,211   

City of New York New York Transitional Finance Authority, BARB (concluded):

     

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

      4,000        4,481,840   

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

      3,000        3,419,520   

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

      1,250        1,424,800   

Fiscal 2015, Series S-1, 5.00%, 7/15/43

      2,980        3,327,081   

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

      3,750        3,966,788   

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

      4,000        4,055,160   

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

      7,000        7,417,130   

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund:

     

Series B, 5.00%, 11/15/34

      2,500        2,835,575   

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

      4,000        4,542,640   

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 4.00%, 10/15/32

      9,070        9,691,476   

State of New York Dormitory Authority, RB:

     

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

      3,000        3,352,500   

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

      4,600        5,095,880   

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

      250        277,985   

Mental Health Services Facilities Improvement, Series B (AGM), 5.00%, 2/15/33

      4,500        4,951,530   

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

      2,500        2,699,125   
Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

State (concluded)

     

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

    $ 495      $ 549,009   

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

      4,850        5,451,060   

State of New York Dormitory Authority, Refunding RB:

     

School Districts Financing Program, Series A (AGM), 5.00%, 10/01/17 (c)

      450        493,421   

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

      5,000        5,504,600   

Secured Hospital, North General Hospital (Syncora), 5.75%, 2/15/17

      2,000        2,007,580   

State of New York Thruway Authority, RB:

     

2nd General Highway & Bridge Trust, Series A (AMBAC), 5.00%, 4/01/26

      8,700        9,025,902   

2nd General Highway & Bridge Trust, Series B, 5.00%, 4/01/27

      1,000        1,084,970   

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

      2,740        3,097,899   
    

 

 

  
               90,303,682   

Tobacco — 1.1%

     

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

      1,875        1,814,981   

County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed:

     

5.25%, 5/15/34

      1,495        1,667,927   

5.25%, 5/15/40

      1,500        1,655,460   
    

 

 

  
               5,138,368   

Transportation — 33.3%

     

Metropolitan Transportation Authority, RB:

     

Series A, 5.00%, 11/15/27

      1,000        1,153,870   

Series A, 5.00%, 11/15/30

      5,500        6,236,285   

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

      1,620        1,864,442   

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

      1,620        1,859,274   

Series B, 5.25%, 11/15/44

      1,000        1,130,310   

Series C, 6.50%, 11/15/28

      6,015        7,085,971   

Series D, 5.25%, 11/15/41

      2,000        2,260,800   

Series E, 5.00%, 11/15/38

      8,750        9,703,925   

Series E, 5.00%, 11/15/43

      1,000        1,102,090   

Series H, 5.00%, 11/15/25

      1,000        1,183,200   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015    5

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Transportation (continued)

     

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

    $ 1,000      $ 1,173,870   

Metropolitan Transportation Authority, Refunding RB, Series D, 5.00%, 11/15/30

      885        1,015,015   

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

      11,500        13,122,305   

Niagara Falls Bridge Commission, RB, Series A (BAM), 4.00%, 10/01/44

      1,110        1,116,882   

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

      1,600        1,717,792   

Port Authority of New York & New Jersey, ARB:

     

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

      2,500        2,817,650   

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

      7,750        7,861,678   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 6.25%, 12/01/15

      7,830        7,966,555   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.90%, 12/01/17

      4,000        4,008,160   

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

      19,725        19,834,474   

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

     

178th Series, AMT, 5.00%, 12/01/33

      1,000        1,104,880   

179th Series, 5.00%, 12/01/38

      1,390        1,564,000   

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

      4,000        4,102,560   

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

      2,250        2,317,140   

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

      615        611,919   

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

      750        815,460   
Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Transportation (concluded)

     

Port Authority of New York & New Jersey, Refunding RB, Consolidated, 189th Series, 5.00%, 5/01/45

    $ 2,305      $ 2.598.841   

State of New York Thruway Authority, Refunding RB:

     

General, Series G (AGM), 4.75%, 7/01/15 (c)

      1,250        1,254,925   

General, Series G (AGM), 4.75%, 7/01/15 (c)

      1,030        1,034,058   

General, Series G (AGM), 5.00%, 7/01/15 (c)

      15,450        15,514,272   

General, Series I, 5.00%, 1/01/37

      4,825        5,370,466   

General, Series I, 5.00%, 1/01/42

      4,270        4,656,990   

Series J, 5.00%, 1/01/41

      5,000        5,493,700   

Triborough Bridge & Tunnel Authority, RB, General, Series A, 5.25%, 11/15/45

      1,280        1,477,478   

Triborough Bridge & Tunnel Authority, Refunding RB:

     

General, Remarketing, Series A, 5.00%, 11/15/36

      1,000        1,138,530   

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

      7,400        3,996,148   

Series C, 5.00%, 11/15/38

      1,385        1,528,957   

Sub-Series A, 5.00%, 11/15/28

      2,500        2,864,350   

Sub-Series A, 5.00%, 11/15/29

      875        997,439   
    

 

 

  
               152,656,661   

Utilities — 11.9%

     

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

      3,500        3,655,505   

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

     

Fiscal 2010, Series FF, 5.00%, 6/15/31

      1,500        1,715,025   

Fiscal 2011, Series BB, 5.00%, 6/15/31

      1,000        1,143,350   

Fiscal 2011, Series GG, 5.00%, 6/15/43

      2,070        2,286,439   

Series DD, 5.00%, 6/15/32

      5,750        6,346,907   

 

                
6    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015   

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

     Value  

New York (concluded)

                 

Utilities (concluded)

     

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

    $ 2,375      $ 2,624,137   

Long Island Power Authority, Refunding RB, Electric Systems:

     

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

      1,000        1,143,160   

General, Series A, 5.00%, 9/01/44

      1,285        1,398,029   

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

      1,500        1,741,665   

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

      3,500        3,638,075   

New York City Water & Sewer System, Refunding RB, 2nd General Resolution, 5.00%, 6/15/39

      2,250        2,535,750   

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

      3,200        3,569,632   

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

      2,580        2,879,383   

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

      15,490        17,572,166   

Western Nassau County Water Authority, RB, Series A:

     

3.25%, 4/01/33

      1,000        947,860   

5.00%, 4/01/40

      1,065        1,189,435   
    

 

 

  
               54,386,518   
Total Municipal Bonds in New York              623,653,391   
    

Guam — 0.3%

                 

Utilities — 0.3%

     

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

      1,175        1,297,646   

Puerto Rico — 0.8%

                 

Housing — 0.8%

     

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

      3,300        3,528,294   
Municipal Bonds   

Par  

(000)

     Value  

U.S. Virgin Islands — 1.6%

                 

State — 1.6%

     

Virgin Islands Public Finance Authority, Virgin Island Gross Receipts, Refunding RB, Series C:

     

5.00%, 10/01/39

    $ 6,260      $ 6,698,200   

4.50%, 10/01/44

      700        713,335   
Total Municipal Bonds in U.S. Virgin Islands              7,411,535   
Total Municipal Bonds — 138.6%              635,890,866   
    
                  

Municipal Bonds Transferred to

Tender Option Bond Trusts (d)

  

New York — 22.9%

                 

County/City/Special District/School District — 5.7%

  

City of New York New York, GO:

     

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

      10,000        11,510,200   

Sub-Series I-1, 5.00%, 3/01/36

      2,500        2,814,700   

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

      1,650        1,845,525   

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

      6,000        6,848,682   

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

      2,610        2,950,866   
    

 

 

  
               25,969,973   

Education — 4.8%

     

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

      1,981        2,241,905   

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

     

5.25%, 7/01/29

      5,000        5,609,850   

5.00%, 7/01/35

      4,448        4,985,760   

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

     

5.00%, 7/01/18

      5,498        6,144,517   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015    7

Schedule of Investments (continued)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds Transferred to

Tender Option Bond Trusts (d)

  

Par  

(000)

     Value  

New York (continued)

  

Education (concluded)

    

State of New York Dormitory Authority, RB (c) (concluded):

    

(AMBAC), 5.00%, 7/01/17

   $ 2,999      $ 3,262,931   
   

 

 

  
              22,244,963   

State — 5.1%

    

Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31

     7,380        8,677,404   

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

     5,000        5,748,100   

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

    

General Purpose, 5.00%, 3/15/41

     2,500        2,783,525   

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

     5,458        6,049,724   
   

 

 

  
              23,258,753   

Transportation — 4.0%

    

Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT, 5.00%, 10/15/25

     8,005        9,126,634   

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

     8,500        9,214,085   
   

 

 

  
              18,340,719   

Utilities — 3.3%

    

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

     4,004        4,538,261   

Municipal Bonds Transferred to

Tender Option Bond Trusts (d)

  

Par  

(000)

     Value  

New York (concluded)

  

Utilities (concluded)

    

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

    

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

   $ 2,400      $ 2,761,543   

Series HH, 5.00%, 6/15/32

     7,151        8,104,647   
   

 

 

  
              15,404,451   
Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 22.9%		         105,218,859   

Total Long-Term Investments

(Cost — $695,643,846) — 161.5%

  

  

     741,109,725   
   
                 
Short-Term Securities              

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

     6,075,319        6,075,319   
Total Short-Term Securities
(Cost — $6,075,319) — 1.3%		         6,075,319   
Total Investments (Cost — $701,719,165*) — 162.8%        747,185,044   
Other Assets Less Liabilities — 1.9%        8,727,253   

Liability for TOB Trust Certificates, Including
Interest Expense and Fees Payable — (11.6%)

   

     (53,326,986 ) 
VRDP Shares, at Liquidation Value — (53.1%)        (243,600,000 ) 
   

 

 

  
Net Assets Applicable to Common Shares — 100.0%      $ 458,985,311   
   

 

 

  

 

*   As of May 31, 2015, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

   $ 649,150,302   
 

 

 

  

Gross unrealized appreciation

   $ 46,779,105   

Gross unrealized depreciation

     (2,052,799 ) 
 

 

 

  

Net unrealized appreciation

   $ 44,726,306   
 

 

 

  

 

Notes to Schedule of Investments

 

(a)   Variable rate security. Rate shown is as of report date.

 

(b)   Zero-coupon bond.

 

(c)   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.

 

(d)   Represent bonds transferred to a TOB Trust. In exchange for which the Trust received cash and residual interest certificates. These bonds serve as collateral in a secured borrowing.

 

                
8    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015   

Schedule of Investments (continued)

    BlackRock MuniHoldings New York Quality Fund, Inc.  (MHN)

 

(e)   All or a portion of security is subject to a recourse agreement, which may require the Fund to pay the liquidity provider in the event there is a shortfall between the TOB trust certificates and proceeds received from the sale of the security contributed to the TOB trust. In the case of a shortfall, the aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire from February 15, 2017 to February 15, 2019, is $8,472,764.

 

(f)   During the period ended May 31, 2015, investments in issuers considered to be an affiliate 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 August 31,
2014		       

Net

Activity

        Shares Held
at May 31,
2015		        Income  

BIF New York Municipal Money Fund

        8,416,390           (2,341,071 )         6,075,319           1   

 

(g)   Represents the current yield as of report date.

 

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
BAM    Build America Mutual Assurance Co.
BARB    Building Aid Revenue Bonds
BHAC    Berkshire Hathaway Assurance Corp.
BOCES    Board of Cooperative Educational Services
CAB    Capital Appreciation Bonds
EDC    Economic Development Corp
ERB    Education Revenue Bonds
FHA    Federal Housing Administration
GO    General Obligation Bonds
HFA    Housing Finance Agency
LRB    Lease Revenue Bonds
M/F    Multi-Family
NPFGC    National Public Finance Guarantee Corp.
PILOT    Payment in Lieu of Taxes
RB    Revenue Bonds
S/F    Single-Family
SONYMA    State of New York Mortgage Agency
Syncora    Syncora Guarantee

 

•  

As of May 31, 2015, financial futures contracts outstanding were as follows:

 

Contracts
Short		     Issue   Exchange   Expiration   Notional
Value		     Unrealized
Depreciation		  
  (331 )    10-Year U.S. Treasury Note   Chicago Board of Trade   September 2015   $ 42,264,563      $ (134,949 ) 

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.

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    MAY 31, 2015    9

Schedule of Investments (concluded)

   

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

 

•  

Fair Value Measurements — Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. 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 categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. The three levels of the fair value hierarchy are as follows:

 

  •  

Level 1 — unadjusted quoted prices in active markets/exchanges for identical assets or liabilities that the 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 the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

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. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

As of May 31, 2015, 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

        —         $ 741,109,725           —         $ 741,109,725   

Short-Term Securities

      $ 6,075,319           —           —           6,075,319   
    

 

 

       

 

 

       

 

 

       

 

 

  

Total

      $ 6,075,319         $ 741,109,725           —         $ 747,185,044   
    

 

 

       

 

 

       

 

 

       

 

 

  

1    See above Schedule of Investments for values in each sector.

                    
        Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments 2             

Liabilities:

                    

Interest rate contracts

      $ (134,949 )         —           —         $ (134,949 ) 

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

       

 

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of May 31, 2015, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                 
Cash pledged for financial futures contracts   $ 446,850           —           —         $ 446,850   

Liabilities:

                 

TOB trust certificates

     —         $ (53,308,436 )         —         $ (53,308,436 ) 

VRDP Shares

     —           (243,600,000 )         —           (243,600,000 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

Total

   $ 446,850         $ (296,908,436 )         —         $ (296,461,586 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

During the period ended May 31, 2015, there were no transfers between levels.

 

                
10    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.   

MARCH 31, 2015

   

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 MuniHoldings New York Quality Fund, Inc.

 

By:   

/s/ John M. Perlowski

   
   John M. Perlowski   
   Chief Executive Officer (principal executive officer) of
   BlackRock MuniHoldings New York Quality Fund, Inc.
Date:    July 23, 2015   

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 MuniHoldings New York Quality Fund, Inc.
Date:    July 23, 2015   
By:   

/s/ Neal J. Andrews

   
   Neal J. Andrews   
   Chief Financial Officer (principal financial officer) of
   BlackRock MuniHoldings New York Quality Fund, Inc.
Date:    July 23, 2015