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
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2014
Date of reporting period: 04/30/2014
Item 1 Schedule of Investments
Schedule of Investments April 30, 2014 (Unaudited) |
BlackRock MuniYield New York Quality Fund, Inc. (MYN) (Percentages shown are based on Net Assets) |
Municipal Bonds | Par (000) |
Value | ||||||
New York 123.1% |
||||||||
Corporate 2.9% |
||||||||
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 | $ | 1,595,700 | ||||
Transportation Infrastructure Properties LLC, Series A, 5.00%, 7/01/28 |
930 | 958,551 | ||||||
County of Suffolk New York Industrial Development Agency, RB, KeySpan Generation LLC, Port Jefferson, AMT, 5.25%, 6/01/27 |
4,000 | 4,020,600 | ||||||
New York Liberty Development Corp., RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
4,000 | 4,564,800 | ||||||
New York State Energy Research & Development Authority, Refunding RB, Brooklyn Union Gas/Keyspan, Series A, AMT (NPFGC), 4.70%, 2/01/24 |
4,750 | 4,994,198 | ||||||
|
|
|||||||
16,133,849 | ||||||||
County/City/Special District/School District 37.3% |
|
|||||||
Buffalo & County of Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, Series A, 5.38%, 10/01/41 |
1,040 | 1,116,877 | ||||||
City of New York New York, GO, Refunding: |
||||||||
Fiscal 2012, Series I, 5.00%, 8/01/32 |
490 | 540,049 | ||||||
Fiscal 2014, Series E, 5.00%, 8/01/32 |
2,040 | 2,257,872 | ||||||
Series E, 5.50%, 8/01/25 |
6,230 | 7,553,377 | ||||||
City of New York New York, GO: |
||||||||
Fiscal 2012, Sub-Series D-1, 5.00%, 10/01/33 |
8,350 | 9,230,925 | ||||||
Series A-1, 5.00%, 8/01/35 |
1,950 | 2,138,448 | ||||||
Sub-Series A-1, 5.00%, 8/01/33 |
2,100 | 2,312,142 | ||||||
Sub-Series A-1, 5.00%, 10/01/34 |
1,845 | 2,018,504 | ||||||
Sub-Series D-1, 5.00%, 8/01/31 |
1,300 | 1,449,656 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
County/City/Special District/School District (continued) |
|
|||||||
City of New York New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC): |
||||||||
5.00%, 11/15/35 |
$ | 30,600 | $ | 32,141,016 | ||||
5.00%, 11/15/44 |
11,670 | 12,195,500 | ||||||
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 |
6,865 | 7,640,539 | ||||||
5.00%, 7/01/33 |
1,675 | 1,809,101 | ||||||
City of New York New York Industrial Development Agency, RB, PILOT: |
||||||||
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/39 (b) |
5,000 | 1,454,500 | ||||||
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/43 (b) |
4,330 | 979,056 | ||||||
Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
1,000 | 1,109,950 | ||||||
Queens Baseball Stadium (AMBAC), 5.00%, 1/01/36 |
6,910 | 6,873,308 | ||||||
Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39 |
1,750 | 1,718,238 | ||||||
Yankee Stadium Project (NPFGC), 5.00%, 3/01/36 |
2,250 | 2,288,520 | ||||||
Yankee Stadium Project (NPFGC), 5.00%, 3/01/46 |
9,650 | 9,721,217 | ||||||
City of New York New York Transitional Finance Authority Future Tax Secured, RB: |
||||||||
(NPFGC), 5.00%, 11/15/26 |
205 | 205,791 | ||||||
(NPFGC), 5.00%, 2/01/33 |
1,640 | 1,646,298 | ||||||
Fiscal 2014, Sub-Series A1, 5.00%, 11/01/38 |
1,000 | 1,101,670 | ||||||
Fiscal 2014, Sub-Series B-1, 5.00%, 11/01/36 |
1,690 | 1,879,753 | ||||||
Sub-Series B1, 5.00%, 11/01/35 |
2,510 | 2,798,525 | ||||||
County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A: |
||||||||
5.25%, 5/01/31 |
2,305 | 2,568,738 | ||||||
5.25%, 5/01/32 |
1,000 | 1,109,820 |
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 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) |
| |||||||
Hudson Yards Infrastructure Corp., RB: |
||||||||
Series A (AGC), 5.00%, 2/15/47 |
$ | 4,300 | $ | 4,405,092 | ||||
Series A (AGC), 5.00%, 2/15/47 |
550 | 563,442 | ||||||
Series A (AGM), 5.00%, 2/15/47 |
4,580 | 4,691,935 | ||||||
Series A (NPFGC), 4.50%, 2/15/47 |
17,075 | 17,110,174 | ||||||
Series A (NPFGC), 5.00%, 2/15/47 |
4,665 | 4,758,020 | ||||||
New York Liberty Development Corp., Refunding RB: |
||||||||
4 World Trade Center Project, 5.00%, 11/15/31 |
2,570 | 2,781,048 | ||||||
4 World Trade Center Project, 5.00%, 11/15/44 |
2,000 | 2,110,400 | ||||||
4 World Trade Center Project, 5.75%, 11/15/51 |
3,460 | 3,827,071 | ||||||
7 World Trade Center Project, Class 1, 4.00%, 9/15/35 |
1,090 | 1,116,618 | ||||||
7 World Trade Center Project, Class 2, 5.00%, 9/15/43 |
4,725 | 4,953,406 | ||||||
North Country Development Authority, Refunding RB (AGM), 6.00%, 5/15/15 |
205 | 209,803 | ||||||
Sales Tax Asset Receivable Corp., Refunding RB, Series A (AMBAC): |
||||||||
5.25%, 10/15/27 |
9,500 | 9,702,255 | ||||||
5.00%, 10/15/32 |
27,200 | 27,757,600 | ||||||
Syracuse New York Industrial Development Agency, RB, PILOT, Carousel Center Project, Series A, AMT (Syncora), 5.00%, 1/01/36 |
3,400 | 3,414,926 | ||||||
Town of North Hempstead New York, GO, Refunding, Series B (NPFGC), 6.40%, 4/01/17 |
555 | 644,072 | ||||||
|
|
|||||||
205,905,252 | ||||||||
Education 21.8% |
||||||||
Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%, 10/01/40 |
2,000 | 2,068,380 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
Education (continued) |
||||||||
City of New York New York Trust for Cultural Resources, Refunding RB: |
||||||||
American Museum of Natural History, Series A (NPFGC), 5.00%, 7/01/36 |
$ | 4,750 | $ | 4,783,392 | ||||
American Museum of Natural History, Series A (NPFGC), 5.00%, 7/01/44 |
500 | 503,515 | ||||||
Carnegie Hall, Series A, 4.75%, 12/01/39 |
3,550 | 3,665,836 | ||||||
Carnegie Hall, Series A, 5.00%, 12/01/39 |
2,150 | 2,254,404 | ||||||
Museum of Modern Art, Series 1A, 5.00%, 4/01/31 |
1,000 | 1,109,010 | ||||||
Wildlife Conservation Society, Series A, 5.00%, 8/01/42 |
750 | 806,880 | ||||||
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A, 5.13%, 9/01/40 |
6,445 | 6,776,917 | ||||||
County of Madison New York Industrial Development Agency, RB, Colgate University Project, Series A (AMBAC): |
||||||||
5.00%, 7/01/35 |
2,675 | 2,726,627 | ||||||
5.00%, 7/01/30 |
5,410 | 5,533,835 | ||||||
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series B, |
3,885 | 4,051,628 | ||||||
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 7/01/38 |
1,440 | 1,555,286 | ||||||
County of Onondaga New York, RB, Syracuse University Project: |
||||||||
5.00%, 12/01/30 |
1,190 | 1,314,664 | ||||||
5.00%, 12/01/36 |
1,150 | 1,249,648 | ||||||
County of Rensselaer New York Industrial Development Agency, RB, Polytechnic Institute, Series B (AMBAC), 5.50%, 8/01/22 |
1,255 | 1,260,133 | ||||||
County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 7/01/32 |
1,120 | 1,230,074 |
2 | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 |
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 (continued) |
||||||||
County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project, 5.38%, 9/01/41 |
$ | 500 | $ | 534,615 | ||||
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM): |
||||||||
5.50%, 7/01/33 |
500 | 550,870 | ||||||
5.25%, 7/01/36 |
860 | 926,512 | ||||||
County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%, 7/01/37 |
675 | 738,153 | ||||||
State of New York Dormitory Authority, LRB, State University Dormitory Facilities, Series A, 5.00%, 7/01/35 |
800 | 877,272 | ||||||
State of New York Dormitory Authority, RB: |
||||||||
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
2,075 | 2,300,221 | ||||||
Fordham University, Series A, 5.00%, 7/01/28 |
325 | 362,421 | ||||||
Fordham University, Series A, 5.50%, 7/01/36 |
1,550 | 1,719,059 | ||||||
General Purpose, Series A, 5.00%, 2/15/36 |
5,500 | 6,053,850 | ||||||
Mount Sinai School of Medicine, 5.13%, 7/01/39 |
665 | 695,796 | ||||||
New York University, Series 1 (AMBAC), 5.50%, 7/01/40 |
4,580 | 5,555,128 | ||||||
New York University, Series B, 5.00%, 7/01/34 |
1,000 | 1,119,700 | ||||||
New York University, Series B, 5.00%, 7/01/37 |
600 | 654,090 | ||||||
New York University, Series B, 5.00%, 7/01/42 |
3,240 | 3,529,688 | ||||||
New York University, Series C, 5.00%, 7/01/38 |
2,000 | 2,205,840 | ||||||
State University Dormitory Facilities, Series A, 5.00%, 7/01/40 |
2,035 | 2,175,008 | ||||||
State University Dormitory Facilities, Series A, 5.00%, 7/01/41 |
1,500 | 1,607,100 | ||||||
The New School (AGM), 5.50%, 7/01/43 |
4,050 | 4,385,907 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
Education (concluded) |
||||||||
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 | $ | 1,117,700 | ||||
Cornell University, Series A, 5.00%, 7/01/40 |
1,000 | 1,124,520 | ||||||
Fordham University, 4.13%, 7/01/39 |
930 | 925,536 | ||||||
Fordham University, 5.00%, 7/01/44 |
2,130 | 2,310,134 | ||||||
New York University Mount Sinai School of Medicine (NPFGC), 5.00%, 7/01/35 |
6,100 | 6,357,054 | ||||||
New York University, Series A, 5.00%, 7/01/31 |
3,955 | 4,399,898 | ||||||
New York University, Series A, 5.00%, 7/01/37 |
4,775 | 5,205,466 | ||||||
Rochester Institute of Technology, 4.00%, 7/01/32 |
2,355 | 2,391,032 | ||||||
Rochester Institute of Technology, 5.00%, 7/01/38 |
500 | 533,805 | ||||||
Rochester Institute of Technology, 5.00%, 7/01/42 |
750 | 795,345 | ||||||
Rockefeller University, Series B, 4.00%, 7/01/38 |
1,370 | 1,402,579 | ||||||
St. Johns University, Series A, 5.00%, 7/01/27 |
430 | 479,351 | ||||||
State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
4,195 | 4,773,449 | ||||||
State University Dormitory Facilities, Series A, 5.25%, 7/01/31 |
8,735 | 9,851,682 | ||||||
State University Dormitory Facilities, Series A, 5.00%, 7/01/42 |
1,490 | 1,606,891 | ||||||
|
|
|||||||
120,155,901 | ||||||||
Health 10.0% |
||||||||
City of New York New York Health & Hospital Corp., Refunding RB, Health System, Series A, 5.00%, 2/15/30 |
2,200 | 2,381,126 |
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 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) |
||||||||
Health (continued) |
||||||||
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC): |
||||||||
5.50%, 4/01/30 |
$ | 250 | $ | 273,853 | ||||
5.50%, 4/01/34 |
490 | 530,944 | ||||||
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A: |
||||||||
5.00%, 12/01/32 |
830 | 883,577 | ||||||
5.00%, 12/01/37 |
350 | 369,737 | ||||||
County of Monroe New York Industrial Development Corp., Refunding RB: |
||||||||
Rochester General Hospital Project, Series B, 3.60%, 12/01/32 |
565 | 526,812 | ||||||
Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40 |
5,650 | 6,411,224 | ||||||
State of New York Dormitory Authority, RB: |
||||||||
Healthcare, Series A, 5.00%, 3/15/38 |
2,000 | 2,217,120 | ||||||
Hudson Valley Hospital (BHAC), 5.00%, 8/15/36 |
6,500 | 7,011,355 | ||||||
Montefiore Hospital (NPFGC, FHA), 5.00%, 8/01/33 |
1,500 | 1,508,370 | ||||||
New York & Presbyterian Hospital (AGM), 5.00%, 8/15/14 (c) |
4,925 | 4,994,393 | ||||||
New York University Hospitals Center, Series A, 5.75%, 7/01/31 |
3,450 | 3,818,701 | ||||||
New York University Hospitals Center, Series A, 6.00%, 7/01/40 |
1,100 | 1,217,887 | ||||||
North Shore-Long Island Jewish Obligated Group, Series A, 5.50%, 5/01/37 |
2,075 | 2,225,541 | ||||||
North Shore-Long Island Jewish Obligated Group, Series C, 4.25%, 5/01/39 |
1,000 | 1,001,340 | ||||||
North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39 |
800 | 801,072 | ||||||
State of New York Dormitory Authority, Refunding RB: |
||||||||
New York University Hospital Center, Series A, 5.00%, 7/01/36 |
1,500 | 1,545,060 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
Health (concluded) |
||||||||
State of New York Dormitory Authority, Refunding RB (concluded): |
||||||||
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
$ | 4,000 | $ | 4,267,360 | ||||
North Shore-Long Island Jewish Obligated Group, Series A, 5.25%, 5/01/34 |
9,220 | 9,970,508 | ||||||
St. Lukes Roosevelt Hospital (FHA), 4.90%, 8/15/31 |
2,900 | 3,022,119 | ||||||
|
|
|||||||
54,978,099 | ||||||||
Housing 4.0% |
||||||||
City of New York New York Housing Development Corp., RB, M/F Housing, AMT: |
||||||||
Series A-1-A, 5.00%, 11/01/30 |
750 | 763,867 | ||||||
Series A-1-A, 5.45%, 11/01/46 |
1,335 | 1,344,065 | ||||||
Series C, 5.00%, 11/01/26 |
1,500 | 1,525,065 | ||||||
Series C, 5.05%, 11/01/36 |
2,000 | 2,027,700 | ||||||
Series H-1, 4.70%, 11/01/40 |
1,340 | 1,341,876 | ||||||
Series H-2-A, 5.20%, 11/01/35 |
840 | 849,971 | ||||||
Series H-2-A, 5.35%, 5/01/41 |
600 | 614,340 | ||||||
City of Yonkers New York Industrial Development Agency, RB, Monastery Manor Associates LP Project, AMT (SONYMA), |
2,445 | 2,460,135 | ||||||
County of Monroe New York Industrial Development Agency, IDRB, Southview Towers Project, AMT (SONYMA): |
||||||||
6.13%, 2/01/20 |
630 | 631,808 | ||||||
6.25%, 2/01/31 |
1,125 | 1,126,912 | ||||||
State of New York HFA, RB, St. Philips Housing, Series A, AMT (Fannie Mae), 4.65%, 11/15/38 |
1,500 | 1,502,100 | ||||||
State of New York Mortgage Agency, Refunding RB: |
||||||||
48th Series, 3.70%, 10/01/38 |
4,285 | 4,030,857 | ||||||
143rd Series, AMT, 4.85%, 10/01/27 |
1,100 | 1,120,702 | ||||||
143rd Series, AMT (NPFGC, IBC), 4.85%, 10/01/27 |
2,485 | 2,546,876 | ||||||
|
|
|||||||
21,886,274 |
4 | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 |
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) |
||||||||
State 10.2% |
||||||||
City of New York New York Transitional Finance Authority, BARB: |
||||||||
Fiscal 2008, Series S-1, 4.50%, 1/15/38 |
$ | 1,700 | $ | 1,737,757 | ||||
Fiscal 2008, Series S-4 (AGC), 5.50%, 1/15/33 |
5,500 | 6,285,070 | ||||||
Fiscal 2009, Series S-1 (AGC), 5.50%, 7/15/38 |
6,000 | 6,847,920 | ||||||
Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/39 |
1,500 | 1,710,510 | ||||||
Series S-2 (AGM), 5.00%, 1/15/37 |
5,000 | 5,375,250 | ||||||
Series S-2 (NPFGC), 4.25%, 1/15/34 |
5,000 | 5,062,300 | ||||||
Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund: |
||||||||
Series B, 5.00%, 11/15/34 |
1,500 | 1,648,755 | ||||||
Sub-Series B-1, 5.00%, 11/15/31 |
3,465 | 3,880,488 | ||||||
State of New York Dormitory Authority, ERB: |
||||||||
General Purpose, Series B, 5.00%, 3/15/37 |
1,000 | 1,087,350 | ||||||
Series C, 5.00%, 12/15/31 |
6,230 | 6,863,155 | ||||||
State of New York Dormitory Authority, RB: |
||||||||
Master BOCES Program Lease (AGC), 5.00%, 8/15/28 |
1,750 | 1,901,252 | ||||||
School Districts Financing Program, Series C (AGM), 5.00%, 10/01/37 |
4,050 | 4,347,270 | ||||||
State of New York Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM), |
550 | 594,655 | ||||||
State of New York Thruway Authority, RB: |
||||||||
2nd General Highway and Bridge Trust, Series A (AMBAC), 5.00%, 4/01/26 |
4,380 | 4,709,770 | ||||||
2nd General Highway and Bridge Trust, Series B, 5.00%, 4/01/27 |
1,500 | 1,663,470 | ||||||
Transportation, Series A, 5.00%, 3/15/32 |
1,130 | 1,263,792 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
State (concluded) |
||||||||
State of New York Urban Development Corp., RB, Personal Income Tax, Series A, 3.50%, 3/15/28 |
$ | 1,500 | $ | 1,525,305 | ||||
|
|
|||||||
56,504,069 | ||||||||
Transportation 26.0% |
||||||||
Metropolitan Transportation Authority, RB: |
||||||||
Series A, 5.00%, 11/15/27 |
1,000 | 1,111,790 | ||||||
Series A, 5.00%, 11/15/30 |
2,935 | 3,247,284 | ||||||
Series A-1, 5.25%, 11/15/34 |
2,840 | 3,162,141 | ||||||
Series A1, 5.25%, 11/15/33 |
2,565 | 2,869,004 | ||||||
Series C, 6.50%, 11/15/28 |
3,200 | 3,832,032 | ||||||
Series D, 5.25%, 11/15/41 |
3,450 | 3,714,339 | ||||||
Series E, 5.00%, 11/15/38 |
7,785 | 8,320,842 | ||||||
Series H, 5.00%, 11/15/25 |
1,000 | 1,144,950 | ||||||
Series H, 5.00%, 11/15/31 |
1,690 | 1,850,905 | ||||||
Sub-Series B, 5.00%, 11/15/25 |
3,250 | 3,751,215 | ||||||
Metropolitan Transportation Authority, Refunding RB, Series D, 5.25%, 11/15/29 |
1,000 | 1,107,060 | ||||||
New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated, 5.25%, 12/15/43 |
3,500 | 3,777,760 | ||||||
Niagara Falls Bridge Commission, Refunding RB, Toll Bridge System, Series A (AGC), 4.00%, 10/01/19 |
1,900 | 2,042,101 | ||||||
Niagara Frontier Transportation Authority New York, RB, Buffalo Niagara International Airport, Series B |
2,705 | 2,721,203 | ||||||
Port Authority of New York & New Jersey, ARB: |
||||||||
Consolidated, 37th Series, AMT (AGM), 5.13%, 7/15/30 |
2,500 | 2,547,800 | ||||||
Consolidated, 163rd Series, 5.00%, 7/15/35 |
2,500 | 2,711,850 | ||||||
Special Project, JFK International Air Terminal LLC, Series 6, AMT (NPFGC), 6.25%, 12/01/14 |
7,380 | 7,481,770 | ||||||
Special Project, JFK International Air Terminal LLC, Series 6, AMT (NPFGC), 5.75%, 12/01/22 |
8,160 | 8,210,510 |
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 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 | ||||||
New York (continued) |
||||||||
Transportation (continued) |
||||||||
Port Authority of New York & New Jersey, ARB (concluded): |
||||||||
Special Project, JFK International Air Terminal, Series 6, AMT (NPFGC), 5.75%, 12/01/25 |
$ | 3,500 | $ | 3,516,240 | ||||
Port Authority of New York & New Jersey, Refunding ARB: |
||||||||
179th Series, 5.00%, 12/01/38 |
1,390 | 1,535,853 | ||||||
Consolidated, 147th Series, AMT, 4.75%, 4/15/37 |
2,250 | 2,291,580 | ||||||
Consolidated, 177th Series, AMT, 4.00%, 1/15/43 |
2,475 | 2,353,106 | ||||||
Consolidated, 178th Series, AMT, 5.00%, 12/01/43 |
750 | 793,883 | ||||||
Port Authority of New York & New Jersey, Refunding RB, AMT: |
||||||||
5.00%, 12/01/33 |
1,140 | 1,239,454 | ||||||
Consolidated, 177th Series, 3.50%, 7/15/35 |
2,120 | 1,895,301 | ||||||
State of New York Thruway Authority, Refunding RB: |
||||||||
General, Series G (AGM), 4.75%, 1/01/29 |
7,250 | 7,556,602 | ||||||
General, Series G (AGM), 4.75%, 1/01/30 |
9,000 | 9,376,290 | ||||||
General, Series G (AGM), 5.00%, 1/01/32 |
17,030 | 17,768,932 | ||||||
General, Series I, 5.00%, 1/01/24 |
1,505 | 1,736,529 | ||||||
General, Series I, 5.00%, 1/01/37 |
6,500 | 7,009,925 | ||||||
General, Series I, 5.00%, 1/01/42 |
3,250 | 3,445,032 | ||||||
Series F (AMBAC), 5.00%, 1/01/15 (c) |
4,100 | 4,233,291 | ||||||
Series F (AMBAC), 5.00%, 1/01/30 |
1,900 | 1,948,868 | ||||||
Series G (AGM), 5.00%, 1/01/30 |
2,000 | 2,092,040 | ||||||
Triborough Bridge & Tunnel Authority, Refunding RB: |
||||||||
General, CAB, Series B, 0.00%, 11/15/32 (b) |
9,000 | 4,159,710 | ||||||
General, Series A, 5.00%, 11/15/38 |
1,000 | 1,088,340 | ||||||
Series C, 5.00%, 11/15/38 |
2,000 | 2,169,500 | ||||||
Sub-Series A, 5.00%, 11/15/28 |
2,500 | 2,870,425 | ||||||
Municipal Bonds | Par (000) |
Value | ||||||
New York (continued) |
||||||||
Transportation (concluded) |
||||||||
Triborough Bridge & Tunnel Authority, Refunding RB (concluded): |
||||||||
Sub-Series A, 5.00%, 11/15/29 |
$ | 875 | $ | 997,798 | ||||
|
|
|||||||
143,683,255 | ||||||||
Utilities 10.9% |
||||||||
City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Series B, 5.00%, 6/15/36 |
2,000 | 2,140,260 | ||||||
City of New York New York Municipal Water Finance Authority, Refunding RB: |
||||||||
Series D (AGM), 5.00%, 6/15/37 |
9,000 | 9,375,300 | ||||||
Water & Sewer System, 2nd General Resolution, Fiscal 2010, Series FF, 5.00%, 6/15/31 |
1,500 | 1,690,590 | ||||||
Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31 |
1,000 | 1,121,750 | ||||||
Water & Sewer System, 2nd General Resolution, Series DD, 5.00%, 6/15/32 |
6,750 | 7,520,850 | ||||||
Long Island Power Authority, RB, Electric System, Series A: |
||||||||
(AMBAC), 5.00%, 9/01/14 (c) |
7,000 | 7,113,610 | ||||||
General (AGM), 5.00%, 5/01/36 |
3,775 | 3,991,761 | ||||||
Long Island Power Authority, Refunding RB: |
||||||||
Electric System, Series A (AGC), 5.75%, 4/01/39 |
1,015 | 1,167,940 | ||||||
General, Electric System, Series A (AGC), 6.00%, 5/01/33 |
1,500 | 1,746,495 | ||||||
General, Series B (AGM), 5.00%, 12/01/35 |
4,000 | 4,266,600 | ||||||
State of New York Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal Water, Series B: |
||||||||
5.00%, 6/15/33 |
1,040 | 1,161,815 | ||||||
Finance Authority Projects, 2nd General Resolution, 5.00%, 6/15/36 |
2,100 | 2,340,429 |
6 | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 |
Schedule of Investments (continued) |
BlackRock MuniYield New York Quality Fund, Inc. (MYN) (Percentages shown are based on Net Assets) |
Municipal Bonds | Par (000) |
Value | ||||||
New York (concluded) |
||||||||
Utilities (concluded) |
||||||||
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 |
$ | 4,920 | $ | 5,381,496 | ||||
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series E, 5.00%, 12/15/41 |
9,960 | 11,034,086 | ||||||
|
|
|||||||
60,052,982 | ||||||||
Total Municipal Bonds in New York | 679,299,681 | |||||||
Guam 0.3% |
||||||||
Utilities 0.3% |
||||||||
Guam Power Authority, RB, Series A (AGM), 5.00%, 10/01/37 |
1,380 | 1,438,360 | ||||||
Puerto Rico 0.7% |
||||||||
Housing 0.7% |
||||||||
Puerto Rico Housing Finance Authority, Refunding RB, Subordinate, Capital Fund Modernization, 5.13%, 12/01/27 |
4,050 | 4,058,019 | ||||||
Total Municipal Bonds 124.1% | 684,796,060 | |||||||
Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (d) |
||||||||
New York 32.3% |
||||||||
County/City/Special District/School District 6.7% |
| |||||||
City of New York New York, GO, Refunding, Series E, 5.00%, 8/01/27 |
1,064 | 1,222,617 | ||||||
City of New York New York, GO: |
||||||||
Series I, 5.00%, 3/01/36 |
3,500 | 3,823,820 | ||||||
Series J, 5.00%, 5/15/23 |
6,750 | 6,774,840 | ||||||
Sub-Series C-3 (AGC), 5.75%, 8/15/28 (e) |
14,400 | 16,894,944 | ||||||
City of New York New York Transitional Finance Authority, RB, Future Tax Secured, Fiscal 2012, Sub-Series D-1, 5.00%, 11/01/38 |
4,125 | 4,496,085 | ||||||
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40 |
3,645 | 3,932,408 | ||||||
|
|
|||||||
37,144,714 | ||||||||
Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (d) |
Par (000) |
Value | ||||||
New York (continued) |
||||||||
Education 5.1% |
||||||||
New York City Trust for Cultural Resources, Refunding RB, Series A, 5.00%, 8/01/33 |
$ | 1,981 | $ | 2,184,650 | ||||
State of New York Dormitory Authority, LRB, State University Dormitory Facilities, New York University, Series A: |
||||||||
5.25%, 7/01/29 |
6,000 | 6,701,160 | ||||||
5.00%, 7/01/35 |
5,198 | 5,745,847 | ||||||
State of New York Dormitory Authority, RB, New York University: |
||||||||
(AMBAC), 5.00%, 7/01/37 |
5,707 | 6,299,121 | ||||||
Series A, 5.00%, 7/01/38 |
6,498 | 7,094,977 | ||||||
|
|
|||||||
28,025,755 | ||||||||
State 5.2% |
||||||||
Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (e) |
9,739 | 10,815,121 | ||||||
State of New York Dormitory Authority, ERB, Series B, 5.75%, 3/15/36 |
7,850 | 9,134,496 | ||||||
State of New York Dormitory Authority, RB, Mental Health Services Facilities: |
||||||||
Series C, 5.00%, 12/15/41 |
1,650 | 1,771,836 | ||||||
Series C, AMT (AGM), 5.40%, 2/15/33 |
6,297 | 7,027,616 | ||||||
|
|
|||||||
28,749,069 | ||||||||
Transportation 9.9% |
||||||||
Metropolitan Transportation Authority, RB, Dedicated Tax, Series A (NPFGC), 5.00%, 11/15/31 |
3,901 | 4,223,813 | ||||||
New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 |
18,000 | 19,428,480 | ||||||
Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT: |
||||||||
5.00%, 10/15/25 |
7,990 | 9,004,648 | ||||||
5.00%, 10/15/26 |
6,000 | 6,703,500 | ||||||
State of New York Thruway Authority, Refunding RB: |
||||||||
General, Series H (AGM), 5.00%, 1/01/37 |
10,000 | 10,839,600 |
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 7 |
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 (continued) |
||||||||
Transportation (concluded) |
||||||||
State of New York Thruway Authority, Refunding RB (concluded): |
||||||||
Transportation, Personal Income Tax, Series A, 5.00%, 3/15/31 |
$ | 3,940 | $ | 4,409,609 | ||||
|
|
|||||||
54,609,650 | ||||||||
Utilities 5.4% |
||||||||
City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, |
4,094 | 4,689,343 | ||||||
City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution: |
||||||||
Fiscal 2011, Series HH, 5.00%, 6/15/32 |
9,900 | 11,031,273 | ||||||
Fiscal 2012, Series BB, 5.00%, 6/15/44 |
3,991 | 4,251,160 | ||||||
Series FF-2, 5.50%, 6/15/40 |
2,760 | 3,125,708 | ||||||
Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (d) |
Par (000) |
Value | ||||||
New York (concluded) |
||||||||
Utilities (concluded) |
||||||||
Utility Debt Securitization Authority, Refunding RB, Series E, 5.00%, 12/15/14 |
$ | 5,998 | $ | 6,645,030 | ||||
|
|
|||||||
29,742,514 | ||||||||
Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts 32.3% |
178,271,702 | |||||||
Total Long-Term Investments (Cost $818,263,651) 156.4% |
863,067,762 | |||||||
Short-Term Securities | Shares | |||||||
BIF New York Municipal Money Fund, 0.00%, (f)(g) |
13,559,474 | 13,559,474 | ||||||
Total Short-Term Securities (Cost $13,559,474) 2.5% |
13,559,474 | |||||||
Total Investments (Cost $831,823,125*) 158.9% |
876,627,236 | |||||||
Other Assets Less Liabilities 2.9% | 15,867,100 | |||||||
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable (16.9%) |
|
(93,128,790 | ) | |||||
VRDP Shares, at Liquidation Value (44.9%) | (247,700,000 | ) | ||||||
|
|
|||||||
Net Assets Applicable to Common Shares 100.0% | $ | 551,665,546 | ||||||
|
|
|||||||
* As of April 30, 2014, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
| |||||||
Tax cost |
$ | 739,757,126 | ||||||
|
|
|||||||
Gross unrealized appreciation |
$ | 46,314,218 | ||||||
Gross unrealized depreciation |
(2,553,326 | ) | ||||||
|
|
|||||||
Net unrealized appreciation |
$ | 43,760,892 | ||||||
|
|
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. In exchange for which the Fund acquired residual interest certificates. These bonds serve as collateral in a financing transaction. |
(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 Fund could ultimately be required to pay under the agreements, which expire from February 15, 2017 to February 15, 2019 is $ $12,782,521. |
8 | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 |
Schedule of Investments (continued) |
BlackRock MuniYield New York Quality Fund, Inc. (MYN) |
(f) | Investments in issuers considered to be an affiliate of the Fund during the period ended April 30, 2014, 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, 2013 |
Net Activity |
Shares Held at April 30, 2014 |
Income | ||||||||||||
BIF New York Municipal Money Fund |
20,993,749 | (7,434,275 | ) | 13,559,474 | $ | 1,145 |
(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 | |
BARB | Building Aid Revenue Bonds | |
BHAC | Berkshire Hathaway Assurance Corp. | |
BOCES | Board of Cooperative Educational Services | |
CAB | Capital Appreciation Bonds | |
ERB | Education Revenue Bonds | |
FHA | Federal Housing Administration | |
GO | General Obligation Bonds | |
HFA | Housing Finance Agency | |
IBC | Insured Bond Certificates | |
IDRB | Industrial Development Revenue Bonds | |
LRB | Lease Revenue Bonds | |
M/F | Multi-Family | |
NPFGC | National Public Finance Guarantee Corp. | |
PILOT | Payment in Lieu of Taxes | |
RB | Revenue Bonds | |
SONYMA | State of New York Mortgage Agency | |
Syncora | Syncora Guarantee |
| Financial futures contracts outstanding as of April 30, 2014 were as follows: |
Contracts Sold |
Issue | Exchange | Expiration | Notional Value |
Unrealized Depreciation |
|||||||||||
(841 | ) | 10-Year U.S. Treasury Note | Chicago Board of Trade | June 2014 | $ | 104,638,797 | $ | (148,662 | ) |
| For Fund compliance purposes, the Funds 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 MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 9 |
Schedule of Investments (continued) |
BlackRock MuniYield New York Quality Fund, Inc. (MYN) |
| Fair Value MeasurementsVarious 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 as follows: |
| Level 1 unadjusted price quotations 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 Funds own assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds 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 instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and derivative financial instruments, please refer to the Funds most recent financial statements as contained in its semi-annual report.
The following tables summarize the Funds investments and derivative financial instruments categorized in the disclosure hierarchy as of April 30, 2014:
Level 1 | Level 2 | Level 3 | Total | |||||||||||
Assets: |
||||||||||||||
Investments: | ||||||||||||||
Long-Term Investments1 |
| $ | 863,067,762 | | $ | 863,067,762 | ||||||||
Short-Term Securities |
$ | 13,559,474 | | | 13,559,474 | |||||||||
|
|
|
|
|
|
|
||||||||
Total |
$ | 13,559,474 | $ | 863,067,762 | | $ | 876,627,236 | |||||||
|
|
|
|
|
|
|
||||||||
1 See above Schedule of Investments for values in each sector. |
| |||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||
Derivative Financial Instruments2 | ||||||||||||||
Liabilities: |
||||||||||||||
Interest rate contracts |
$ | (148,662 | ) | | | $ | (148,662 | ) | ||||||
2 Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
|
10 | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 |
Schedule of Investments (concluded) |
BlackRock MuniYield New York Quality Fund, Inc. (MYN) |
The carrying amount for certain of the Funds assets and/or liabilities approximates fair value for financial reporting purposes. As of April 30, 2014, 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 |
$ | 1,103,000 | | | $ | 1,103,000 | ||||||||
Liabilities: |
||||||||||||||
TOB trust certificates |
| $ | (93,109,218 | ) | | (93,109,218 | ) | |||||||
VRDP Shares |
| (247,700,000 | ) | | (247,700,000 | ) | ||||||||
|
|
|
|
|
|
|
||||||||
Total |
$ | 1,103,000 | $ | (340,809,218 | ) | | $ | (339,706,218 | ) | |||||
|
|
|
|
|
|
|
There were no transfers between levels during the period ended April 30, 2014.
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. | APRIL 30, 2014 | 11 |
Item 2 Controls and Procedures
2(a) | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants 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 registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants 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 23, 2014
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 23, 2014
By: |
/s/ Neal J. Andrews |
|||
Neal J. Andrews | ||||
Chief Financial Officer (principal financial officer) of | ||||
BlackRock MuniYield New York Quality Fund, Inc. |
Date: June 23, 2014