BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-06500

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield
New York Quality Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2014

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,
4.50%, 7/01/35

     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. John’s 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. Luke’s 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),
5.25%, 4/01/37

     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. Philip’s 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),
5.00%, 10/01/35

     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
(NPFGC), 5.50%, 4/01/19

     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 Bonds124.1%              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,
Series A, 5.75%, 6/15/40

     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 Liabilities2.9%        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 Shares100.0%      $ 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

 

Ÿ  

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

 

Ÿ  

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 MUNIYIELD NEW YORK QUALITY FUND, INC.    APRIL 30, 2014    9


Schedule of Investments (continued)

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

 

Ÿ  

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 as follows:

 

  Ÿ  

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

 

  Ÿ  

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)

 

  Ÿ  

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)

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 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 instrument 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, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s 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 Fund’s 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 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 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