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: 07/31/2013

 

Date of reporting period: 10/31/2012

 

Item 1 – Schedule of Investments

  
 
Schedule of Investments October 31, 2012 (Unaudited)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

New York — 108.9%

  
Corporate — 2.7%  
New York City Industrial Development Agency, Refunding RB, AMT:  
  Series A, 5.00%, 7/01/28 $ 930 $ 986,284  
  Terminal One Group Association Project, 5.50%, 1/01/24 (a)   1,500   1,604,910  
New York Liberty Development Corp., RB, Goldman Sachs Headquarters, 5.25%, 10/01/35   3,400   4,045,082  
New York State Energy Research & Development Authority, Refunding RB, Brooklyn Union Gas/Keyspan, Series A, AMT (NPFGC), 4.70%, 2/01/24   4,750   5,013,530  
Suffolk County Industrial Development Agency New York, RB, Keyspan, Port Jefferson, AMT, 5.25%, 6/01/27   4,625     4,732,901  
 
  16,382,707  
 
County/City/Special District/School District — 36.2%  
Buffalo & Erie County Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, Series A, 5.38%, 10/01/41   1,040   1,196,614  
City of New York New York, GO:  
  Series A-1, 5.00%, 8/01/35   1,950   2,246,478  
  Sub-Series A-1, 4.00%, 10/01/34   990   1,061,171  
  Sub-Series A-1, 5.00%, 10/01/34   1,845   2,173,318  
  Sub-Series D-1, 5.00%, 10/01/33   8,350   9,747,456  
City of New York New York, GO, Refunding:  
  Series B, 3.00%, 8/01/31   1,700   1,680,688  
  Series E, 5.00%, 8/01/27   1,070   1,283,679  
  Series I, 5.00%, 8/01/32   490   581,865  
County of Onondaga New York, RB, Syracuse University Project:  
  5.00%, 12/01/30   1,190   1,401,796  
  5.00%, 12/01/36   1,150   1,330,665  
Dutchess County Resource Recovery Agency New York, RB, Solid Waste System, Series A (NPFGC), 5.40%, 1/01/13   1,700   1,714,348  
Erie County Industrial Development Agency, RB, School District of Buffalo Project, Series A:  
  5.25%, 5/01/31   2,305   2,699,109  
  5.25%, 5/01/32   1,000   1,164,450  
Hudson New York Yards Infrastructure Corp., RB, Series A:  
  5.00%, 2/15/47   750   797,303  
  (AGC), 5.00%, 2/15/47   4,300   4,596,012  
  (AGM), 5.00%, 2/15/47   4,580   4,895,287  
             
    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
County/City/Special District/School District (continued)    
Hudson New York Yards Infrastructure Corp., RB, Series A (concluded):  
  (NPFGC), 4.50%, 2/15/47 $ 17,525 $ 18,170,095  
  (NPFGC), 5.00%, 2/15/47   550   587,862  
  (NPFGC), 5.00%, 2/15/47   3,415   3,630,384  
New York City Industrial Development Agency, RB, PILOT:  
  CAB, Yankee Stadium (AGC), 4.70%, 3/01/39 (b)   5,000   1,469,700  
  CAB, Yankee Stadium (AGC), 4.88%, 3/01/43 (b)   4,330   1,004,387  
  Queens Baseball Stadium (AMBAC), 5.00%, 1/01/36   8,800   9,001,872  
  Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39   1,750   1,787,467  
  Yankee Stadium (AGC), 6.38%, 1/01/39   1,000   1,178,040  
  Yankee Stadium (NPFGC), 5.00%, 3/01/36   2,250   2,345,355  
  Yankee Stadium (NPFGC), 5.00%, 3/01/46   9,650   9,971,634  
New York City Transitional Finance Authority, RB:  
  Building Aid Revenue, Series S-1, 4.00%, 7/15/42   1,385   1,444,998  
  Fiscal 2008, Series S-1, 4.50%, 1/15/38   1,700   1,791,766  
  Fiscal 2009, Series S-1 (AGC), 5.50%, 7/15/38   6,000   6,855,300  
  Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/39   1,500   1,730,085  
  Future Tax Secured, Series C, 5.00%, 2/01/14 (c)   2,375   2,514,555  
  Future Tax Secured, Series C, 5.00%, 2/01/33   10,020   10,521,802  
  Future Tax Secured, Series E (NPFGC), 5.25%, 2/01/13 (c)   2,445   2,475,831  
  Future Tax Secured, Series E (NPFGC), 5.25%, 2/01/22   55   55,665  
  Series S-2 (AGM), 5.00%, 1/15/37   5,000   5,388,050  
  Series S-2 (NPFGC), 4.25%, 1/15/34   5,980   6,220,217  
New York City Transitional Finance Authority, Refunding RB, Future Tax Secured Revenue, Series A (NPFGC):  
  5.00%, 2/01/13 (c)   70   70,131  
  5.00%, 11/15/26   260   260,970  
New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC):  
  5.00%, 11/15/30   1,500   1,642,725  
  5.00%, 11/15/35   11,600   12,654,440  
  5.00%, 11/15/44   14,470   15,691,123  
                         
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    1
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

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 $ 2,570 $ 2,998,625  
  4 World Trade Center Project, 5.75%, 11/15/51   3,460   4,079,305  
  7 World Trade Center Project, Class 2, 5.00%, 9/15/43   3,900   4,285,320  
North Country Development Authority, Refunding RB (AGM), 6.00%, 5/15/15   630   669,608  
Sales Tax Asset Receivable Corp, Refunding RB, Series A (AMBAC):  
  5.25%, 10/15/27   9,500   10,316,905  
  5.00%, 10/15/32   27,200   29,362,944  
Syracuse Industrial Development Agency New York, RB, Carousel Center Project, Series A, AMT (Syncora), 5.00%, 1/01/36   3,400   3,485,136  
Tompkins County Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%, 7/01/37   675   774,286  
Town of Huntington New York, GO, Refunding (AMBAC), 5.50%, 4/15/13   455   466,043  
Town of North Hempstead New York, GO, Refunding, Series B (NPFGC):  
  6.40%, 4/01/13   1,745   1,788,206  
  6.40%, 4/01/17   555   680,530  
 
  215,941,601  
 
Education — 17.0%  
Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%, 10/01/40   2,000   2,164,420  
City of Troy Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project, Series A, 5.13%, 9/01/40   5,725   6,357,326  
Madison County Industrial Development Agency New York, RB, Colgate University Project, Series A (AMBAC):  
  5.00%, 7/01/30   5,410   5,782,641  
  5.00%, 7/01/35   2,675   2,836,436  
Monroe County Industrial Development Corp., RB, University of Rochester Project, Series B, 4.50%, 7/01/35   3,885   4,206,328  
New York City Industrial Development Agency, Refunding RB, Nightingale-Bamford School (AMBAC), 5.25%, 1/15/18   1,275   1,286,067  
           
    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
Education (continued)    
New York City Transitional Finance Authority, RB, Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33 $ 5,500 $ 6,453,150  
New York City Trust for Cultural Resources, Refunding RB:  
  American Museum of Natural History, Series A (NPFGC), 5.00%, 7/01/36   4,750   5,058,322  
  American Museum of Natural History, Series A (NPFGC), 5.00%, 7/01/44   500   532,455  
  Carnegie Hall, Series A, 4.75%, 12/01/39   3,550   3,872,695  
  Carnegie Hall, Series A, 5.00%, 12/01/39   2,150   2,381,985  
  Museum of Modern Art, Series 1A, 5.00%, 4/01/31   1,000   1,156,030  
New York State Dormitory Authority, RB:  
  Convent of the Sacred Heart (AGM), 5.75%, 11/01/40   2,075   2,467,756  
  Fordham University, Series A, 5.00%, 7/01/28   325   379,126  
  Fordham University, Series A, 5.50%, 7/01/36   1,550   1,811,501  
  General Purpose, Series A, 4.50%, 3/15/35   2,000   2,211,240  
  Haverstraw King's Daughters Public Library, 4.00%, 7/01/28   565   611,409  
  Haverstraw King's Daughters Public Library, 4.00%, 7/01/29   585   630,203  
  Haverstraw King's Daughters Public Library, 4.00%, 7/01/30   610   654,396  
  Mount Sinai School of Medicine, 5.13%, 7/01/39   665   735,390  
  New School (AGM), 5.50%, 7/01/43   4,050   4,631,297  
  New York University, Series 1 (AMBAC), 5.50%, 7/01/40   4,580   6,251,700  
  New York University, Series B, 5.00%, 7/01/34   1,000   1,159,850  
  New York University, Series B, 5.00%, 7/01/37   600   694,026  
  New York University, Series B, 5.00%, 7/01/42   3,500   3,995,110  
  New York University, Series C, 5.00%, 7/01/38   2,000   2,208,040  
  State University Dormitory Facilities, Series A, 5.00%, 7/01/35   800   913,536  
                             
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    2
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
Education (concluded)    
New York State Dormitory Authority, RB (concluded):  
  State University Dormitory Facilities, Series A, 5.00%, 7/01/40 $ 2,035 $ 2,288,093  
New York State Dormitory Authority, Refunding RB:  
  Cornell University, Series A, 5.00%, 7/01/40   1,000   1,142,650  
  Mount Sinai School of Medicine at NYU (NPFGC), 5.00%, 7/01/35   7,100   7,567,109  
  New York University, Series A, 5.00%, 7/01/37   4,775   5,523,290  
  Rockefeller University, Series B, 4.00%, 7/01/38   3,085   3,278,152  
  Saint John's University, Series A, 5.00%, 7/01/27   430   509,215  
  State University Educational Facilities, Series A, 5.00%, 5/15/29   1,000   1,194,130  
Rensselaer County Industrial Development Agency New York, RB, Polytechnic Institute, Series B (AMBAC), 5.50%, 8/01/22   1,255   1,259,744  
Schenectady County Capital Resource Corp., Refunding RB, Union College:  
  5.00%, 7/01/32   1,120   1,309,784  
  4.25%, 7/01/33   865   927,323  
St. Lawrence County Industrial Development Agency, RB, Clarkson University Project, 5.38%, 9/01/41   500   575,605  
Tompkins County Development Corp., RB, Ithaca College Project (AGM):  
  5.50%, 7/01/33   500   584,005  
  5.25%, 7/01/36   860   977,837  
Troy Industrial Development Authority, RB, Rensselaer Polytechnic Institute Project, Series E, 5.20%, 4/01/37   2,280     2,544,685  
 
  101,124,057  
 
Health — 9.4%  
Dutchess County Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC):  
  5.50%, 4/01/30   250   284,675  
  5.50%, 4/01/34   490   557,963  
Monroe County Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 8/15/40   4,650   5,386,327  
New York City Health & Hospital Corp., Refunding RB, Health System, Series A, 5.00%, 2/15/30   2,200   2,487,584  
           
    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
Health (concluded)    
New York State Dormitory Authority, MRB, Montefiore Hospital (NPFGC), 5.00%, 8/01/33 $ 1,500 $ 1,598,130  
New York State Dormitory Authority, RB:  
  Healthcare, Series A, 5.00%, 3/15/38   2,000   2,338,040  
  Hudson Valley Hospital (BHAC), 5.00%, 8/15/36   6,500   7,054,450  
  New York & Presbyterian Hospital (AGM), 5.00%, 8/15/36   4,925   5,080,335  
  New York University Hospitals Center, Series A, 5.75%, 7/01/31   3,450   4,056,579  
  New York University Hospitals Center, Series A, 6.00%, 7/01/40   1,100   1,298,858  
  North Shore-Long Island Jewish Health System, Series A, 5.50%, 5/01/37   2,075   2,374,008  
  North Shore-Long Island Jewish Health System, Series C, 4.25%, 5/01/39   1,500   1,559,475  
  North Shore-Long Island Jewish Health System, Series D, 4.25%, 5/01/39   1,750   1,835,085  
  North Shore-Long Island Jewish Health System, Series D, 5.00%, 5/01/39   640   713,734  
New York State Dormitory Authority, Refunding RB:  
  New York University Hospitals Center, Series A, 5.00%, 7/01/36   1,500   1,592,715  
  North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32   4,000   4,491,000  
  North Shore-Long Island Jewish Obligated Group, Series A, 5.25%, 5/01/34   9,220   10,565,198  
  Saint Luke's Roosevelt Hospital (FHA), 4.90%, 8/15/31   2,900   3,064,401  
 
  56,338,557  
 
Housing — 3.5%  
Monroe County Industrial Development Agency, IDRB, Southview Towers Project, AMT (SONYMA):  
  6.13%, 2/01/20   855   857,556  
  6.25%, 2/01/31   1,125   1,127,453  
New York City Housing Development Corp., RB, AMT:  
  Series A-1-A, 5.00%, 11/01/30   750   783,690  
  Series A-1-A, 5.45%, 11/01/46   1,335   1,385,289  
                           
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    3
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
Housing (concluded)    
New York City Housing Development Corp., RB, AMT (concluded):  
  Series C, 5.00%, 11/01/26 $ 1,500 $ 1,564,050  
  Series C, 5.05%, 11/01/36   2,000   2,072,560  
  Series H-1, 4.70%, 11/01/40   1,340   1,369,976  
  Series H-2-A, 5.20%, 11/01/35   840   878,472  
  Series H-2-A, 5.35%, 5/01/41   600   636,678  
New York Mortgage Agency, Refunding RB, AMT:  
  Homeowner Mortgage, Series 97, 5.50%, 4/01/31   645   645,774  
  Series 133, 4.95%, 10/01/21   520   542,376  
  Series 143, 4.85%, 10/01/27   1,100   1,146,068  
  Series 143, 4.90%, 10/01/37   872   900,312  
  Series 143 (NPFGC), 4.85%, 10/01/27   2,485   2,611,760  
New York State HFA, RB, State Philips Housing, Series A, AMT (Fannie Mae), 4.65%, 11/15/38   1,500   1,542,705  
Yonkers Industrial Development Agency New York, RB, Monastery Manor Associates LP Project, AMT (SONYMA), 5.25%, 4/01/37   2,445     2,526,614  
 
  20,591,333  
 
State — 6.6%  
New York State Dormitory Authority, ERB, Series C, 5.00%, 12/15/31   6,230   7,098,711  
New York State Dormitory Authority, RB:  
  Master BOCES Program Lease (AGC), 5.00%, 8/15/28   1,750   1,987,615  
  Mental Health Services Facilities, Series B, 5.25%, 2/15/14 (c)   1,570   1,666,304  
  School Districts Financing Program, Series C (AGM), 5.00%, 10/01/37   4,050   4,388,701  
  School Districts Financing Program, Series E (NPFGC), 5.75%, 10/01/30   6,900   6,928,221  
New York State Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM), 5.00%, 10/01/35   550   597,823  
New York State Thruway Authority, RB:  
  Second General, Series B, 5.00%, 4/01/27   1,500   1,729,800  
  Series A (AMBAC), 5.00%, 4/01/26   4,380   4,916,681  
New York State Urban Development Corp., RB, State Personal Income Tax:  
  Series A, 3.50%, 3/15/28   1,500   1,597,455  
  Series C-1 (NPFGC), 5.00%,  3/15/13 (c)   3,000   3,053,550  
             
    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
State (concluded)    
New York State Urban Development Corp., RB, State Personal Income Tax (concluded):  
  State Facilities, Series A-1 (NPFGC), 5.00%, 3/15/14 (c) $ 5,000 $ 5,323,950  
 
  39,288,811  
 
Tobacco — 1.2%  
Tobacco Settlement Financing Corp. New York, RB:  
  Series A-1 (AMBAC), 5.25%, 6/01/20   5,000   5,138,400  
  Series B-1C, 5.50%, 6/01/22   1,900   1,954,454  
 
  7,092,854  
 
Transportation — 22.6%  
Metropolitan Transportation Authority, RB:  
  Series 2008C, 6.50%, 11/15/28   3,200   4,090,656  
  Transportation, Series A, 5.00%, 11/15/27   1,000   1,170,250  
  Transportation, Series D, 5.25%, 11/15/41   4,000   4,571,680  
Metropolitan Transportation Authority, Refunding RB:  
  Series B, 5.00%, 11/15/34   1,500   1,695,165  
  Series F, 5.00%, 11/15/30   1,580   1,841,711  
  Transportation, Series D, 5.25%, 11/15/29   1,000   1,161,970  
  Transportation, Series F (NPFGC), 5.25%, 11/15/27   6,235   6,247,034  
New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated:  
  5.00%, 12/15/41   6,000   6,802,680  
  5.25%, 12/15/43   3,500   4,024,790  
New York State Thruway Authority, Refunding RB:  
  Series F (AMBAC), 5.00%, 1/01/30   6,000   6,504,960  
  Series G (AGM), 4.75%, 1/01/29   7,250   7,903,370  
  Series G (AGM), 4.75%, 1/01/30   9,000   9,811,080  
  Series G (AGM), 5.00%, 1/01/30   2,000   2,206,620  
  Series G (AGM), 5.00%, 1/01/32   1,030   1,136,409  
  Series I, 5.00%, 1/01/37   3,500   3,988,005  
  Series I, 4.13%, 1/01/42   1,850   1,931,067  
  Series I, 5.00%, 1/01/42   2,250   2,554,155  
Niagara Falls Bridge Commission, Refunding RB, Bridge System,  Series A (AGC), 4.00%, 10/01/19   1,900   2,099,386  
                             
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    4
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

New York (continued)

  
Transportation (concluded)    
Niagara Frontier Transportation Authority New York, RB, Buffalo Niagara International Airport, Series B (NPFGC), 5.50%, 4/01/19 $ 2,705 $ 2,737,081  
Port Authority of New York & New Jersey, RB:  
  124th Series AMT (NPFGC), 5.00%, 8/01/36   500   501,505  
  163rd Series, 5.00%, 7/15/35   2,500   2,875,000  
  JFK International Air Terminal, Special Project, Series 6 AMT (NPFGC), 6.25%, 12/01/13   4,425   4,537,882  
  JFK International Air Terminal, Special Project, Series 6 AMT (NPFGC), 6.25%, 12/01/14   7,380   7,702,432  
  JFK International Air Terminal, Special Project, Series 6 AMT (NPFGC), 5.75%, 12/01/22   10,160   10,163,353  
  JFK International Air Terminal, Special Project, Series 6 AMT (NPFGC), 5.75%, 12/01/25   3,500   3,500,805  
Triborough Bridge & Tunnel Authority, RB:  
  Sub-Series A (NPFGC), 5.25%, 11/15/30   6,000   6,265,260  
  Subordinate Bonds (AMBAC), 5.00%, 11/15/28   1,965   2,053,857  
Triborough Bridge & Tunnel Authority, Refunding RB:  
  Series B, 5.00%, 11/15/31   495   595,005  
  Series B, 4.00%, 11/15/32   500   543,510  
  Series C, 5.00%, 11/15/38   2,000   2,339,620  
  Series E (NPFGC), 5.25%, 11/15/23   1,500   1,505,865  
  Series E (NPFGC), 5.00%, 11/15/32   19,675   19,738,354  
 
  134,800,517  
 
Utilities — 9.7%  
Buffalo Sewer Authority New York, Refunding RB, Series F (NPFGC), 6.00%, 7/01/13   1,175   1,212,964  
Long Island Power Authority, RB:  
  General, Series A (AGM), 5.00%, 5/01/36   3,775   4,250,272  
  Series A (AMBAC), 5.00%, 9/01/29   7,000   7,453,530  
Long Island Power Authority, Refunding RB:  
  General, Series A (AGC), 6.00%, 5/01/33   1,500   1,801,215  
  General, Series B (AGM), 5.00%, 12/01/35   4,000   4,272,600  
  Series A (AGC), 5.75%, 4/01/39   1,015   1,211,606  
             
    Par
(000)		   Value  
Municipal Bonds  

New York (concluded)

  
Utilities (concluded)    
New York City Municipal Water Finance Authority, RB, Series B, 5.00%, 6/15/36 $ 2,000 $ 2,242,580  
New York City Municipal Water Finance Authority, Refunding RB:  
  Second General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31   1,000   1,162,700  
  Second General Resolution, Series FF, 5.00%, 6/15/31   1,500   1,744,050  
  Series D (AGM), 5.00%, 6/15/37   9,000   9,828,720  
  Series DD, 5.00%, 6/15/32   6,750   7,756,155  
  Series DD (AGM), 4.50%, 6/15/39   1,000   1,057,400  
  Series FF, 4.00%, 6/15/45   1,975   2,055,027  
  Series FF, 5.00%, 6/15/45   2,100   2,401,497  
New York State Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal Water:  
  5.00%, 6/15/36   2,100   2,479,890  
  Series B, 5.00%, 6/15/33   1,040   1,206,369  
New York State Power Authority, Refunding RB, Series A, 5.00%, 11/15/38   4,920     5,719,303  
 
  57,855,878  
 
Total Municipal Bonds in New York   649,416,315  
       
 

Guam — 1.0%

  
Transportation — 0.7%  
Guam International Airport Authority, Refunding RB, Series C, AMT (NPFGC):  
  5.25%, 10/01/21   2,240   2,244,099  
  5.25%, 10/01/22   2,050   2,053,424  
 
  4,297,523  
 
Utilities — 0.3%  
Guam Power Authority, Refunding RB, Series A (AGM), 5.00%, 10/01/37   1,380   1,470,873  
 
Total Municipal Bonds in Guam   5,768,396  
       
 

Puerto Rico — 10.7%

  
Housing — 0.6%  
Puerto Rico Housing Finance Authority, Refunding RB, Subordinate, Capital Fund Modernization, 5.13%, 12/01/27   3,500   3,811,430  
 
State — 6.6%  
Commonwealth of Puerto Rico, GO, Refunding (NPFGC):  
  Public Improvement, Series A, 5.50%, 7/01/20   2,000   2,199,080  
                               
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    5
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

    Par
(000)		   Value  
Municipal Bonds  

Puerto Rico (concluded)

  
State (concluded)    
Commonwealth of Puerto Rico, GO, Refunding (NPFGC) (concluded):  
  Sub-Series C-7, 6.00%, 7/01/27 $ 1,400 $ 1,530,242  
  Sub-Series C-7, 6.00%, 7/01/28   4,775   5,206,612  
Puerto Rico Infrastructure Financing Authority, RB, CAB, Series A (b):  
  (AMBAC), 6.43%, 7/01/35   3,900   928,668  
  (AMBAC), 6.66%, 7/01/43   8,000   1,072,240  
  (NPFGC), 6.08%, 7/01/31   22,030   7,201,607  
Puerto Rico Public Buildings Authority, Refunding RB, Government Facilities Series M-3 (NPFGC), 6.00%, 7/01/28   2,850   3,107,612  
Puerto Rico Sales Tax Financing Corp., RB, First Sub-Series A:  
  5.63%, 8/01/30   2,000   2,113,740  
  5.75%, 8/01/37   7,150   7,896,674  
  (AGM), 5.00%, 8/01/40   2,100   2,252,754  
Puerto Rico Sales Tax Financing Corp., Refunding RB:  
  CAB, Series A (NPFGC), 5.58%, 8/01/41 (b)   12,800   2,628,480  
  CAB, Series A (NPFGC), 5.62%, 8/01/43 (b)   4,000   727,760  
  Senior Series C, 5.25%, 8/01/40   2,035   2,233,718  
 
  39,099,187  
 
Transportation — 2.9%  
Puerto Rico Highway & Transportation Authority, RB, Series Y (AGM), 6.25%, 7/01/21   6,275   7,524,353  
Puerto Rico Highway & Transportation Authority, Refunding RB (AGM):  
  Series AA-1, 4.95%, 7/01/26   3,660   3,956,423  
  Series CC, 5.50%, 7/01/29   2,500   2,993,525  
  Series CC, 5.50%, 7/01/31   2,500   2,964,175  
 
  17,438,476  
 
Utilities — 0.6%  
Puerto Rico Electric Power Authority, RB, Series RR (NPFGC), 5.00%, 7/01/24   1,000   1,052,160  
Puerto Rico Electric Power Authority, Refunding RB, Series VV (NPFGC), 5.25%, 7/01/30   2,245   2,389,151  
 
  3,441,311  
 
Total Municipal Bonds in Puerto Rico   63,790,404  
 
Total Municipal Bonds – 120.6%   718,975,115  
                           

 

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

New York — 36.7%

  
County/City/Special District/School District — 11.3%  
City of New York New York, GO:  
  Series J, 5.00%, 5/15/23 $ 6,750 $ 7,217,640  
  Sub-Series C-3 (AGC), 5.75%, 8/15/28 (e)   14,400   17,767,296  
New York City Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38   4,125   4,810,410  
New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC), 5.00%, 11/15/35   20,000   21,818,000  
New York Liberty Development Corp., Refunding RB:  
  4 World Trade Center Project, 5.00%, 11/15/44   2,000   2,201,400  
  7 World Trade Center Project, 4.00%, 9/15/35   2,490   2,576,577  
  7 World Trade Center Project, 5.00%, 9/15/40   3,645   4,144,037  
New York State Dormitory Authority, RB, State University Dormitory Facilities, Series A, 5.25%, 7/01/29   6,000     6,943,380  
 
  67,478,740  
 
Education — 3.6%  
New York State Dormitory Authority, RB, Series A:  
  New York University, 5.00%, 7/01/38   6,498   7,174,277  
  New York University (AMBAC), 5.00%, 7/01/37   5,707   6,279,221  
  State University Dormitory Facilities, 5.00%, 7/01/35   5,198   6,020,095  
New York State Dormitory Authority, Refunding RB, State University Dormitory Facilities, Series A, 5.00%, 7/01/42   1,480     1,706,588  
 
  21,180,181  
 
State — 2.8%  
New York State Dormitory Authority, ERB, Series B, 5.75%, 3/15/36   7,850   9,735,413  
New York State Dormitory Authority, RB, Mental Health Services Facilities, Series C, AMT (AGM), 5.40%, 2/15/33   6,297     6,863,249  
 
  16,598,662  
 
Transportation — 14.9%  
Hudson New York Yards Infrastructure Corp., RB, Series A, 5.75%, 2/15/47   9,739   11,498,806  
Metropolitan Transportation Authority, RB, Series A (NPFGC), 5.00%, 11/15/31   3,901   4,431,410  
                     
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    6
 
Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

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

New York (concluded)

  
Transportation (concluded)    
New York Liberty Development Corp., RB, 1 World Trade Center Project, 5.25%, 12/15/43 $ 18,000 $ 20,698,458  
New York State Thruway Authority, Refunding RB:  
  Series A, 5.00%, 3/15/31   3,940   4,674,495  
  Series G (AGM), 5.00%, 1/01/32   16,000   17,652,960  
  Series H (AGM), 5.00%, 1/01/37   10,000   11,125,400  
Port Authority of New York & New Jersey, RB, AMT, Consolidated:  
  37th Series (AGM), 5.13%, 7/15/30   2,500     2,670,475  
  169th Series, 5.00%, 10/15/25   7,990   9,311,763  
  169th Series, 5.00%, 10/15/26   6,000   6,961,740  
 
  89,025,507  
 
Utilities — 4.1%  
New York City Municipal Water Finance Authority, RB, Fiscal 2009, Series A, 5.75%, 6/15/40   4,094   4,923,741  
New York City Municipal Water Finance Authority, Refunding RB, Second General Resolution:  
  Fiscal 2012, Series B, 5.00%, 6/15/44   3,991   4,542,044  
  Series HH, 5.00%, 6/15/32   9,900   11,590,920  
  Series FF-2, 5.50%, 6/15/40   2,759   3,306,653  
 
  24,363,358  
 
Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts – 36.7%   218,646,448  
 
Total Long-Term Investments
(Cost – $863,621,540) – 157.3%		   937,621,563  
                                 

 

   
Shares		   Value  
Short-Term Securities  
 
BIF New York Municipal Money Fund, 0.00% (f)(g)   2,671,037 $ 2,671,037  
 
Total Short-Term Securities
(Cost – $2,671,037) – 0.5%		   2,671,037   
 
Total Investments (Cost - $866,292,577*) – 157.8%   940,292,600   
Other Assets Less Liabilities – 1.9%   11,029,847   
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable – (18.1)%   (107,592,828)  
VRDP Shares, at Liquidation Value – (41.6)%     (247,700,000)  
 
Net Assets Applicable to Common Shares – 100.0% $ 596,029,619   
                     

 

* As of October 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

  Tax cost $ 759,991,417   
  Gross unrealized appreciation $ 77,311,601   
  Gross unrealized depreciation   (4,535,379)  
 
  Net unrealized appreciation $ 72,776,222   
           
(a) Variable rate security. Rate shown as of report date.
(b) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.
(c) US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.
(d) Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.
(e) All of 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 is $7,200,000.
(f) Investments in issuers considered to be an affiliate of the Fund during the period ended October 31, 2012, 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, 2012		   Net
Activity		   Shares
Held at
October 31, 2012		   Income
BIF New York Municipal Money Fund   10,257,884   (7,586,847)   2,671,037 $ —

 

 

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

 

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    7
 
Schedule of Investments (concluded) BlackRock MuniYield New York Quality Fund, Inc. (MYN)

 

• For Fund compliance purposes, the Fund’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list: 
 
AGC Assured Guaranty Corp.
AGM Assured Guaranty Municipal Corp.
AMBAC American Municipal Bond Assurance Corp.
AMT Alternative Minimum Tax (subject to)
BHAC Berkshire Hathaway Assurance Corp.
BOCES Board of Cooperative Educational Services
CAB Capital Appreciation Bonds
ERB Education Revenue Bonds
Fannie Mae Federal National Mortgage Association
FHA Federal Housing Administration
GO General Obligation Bonds
HFA Housing Finance Agency
IDRB Industrial Development Revenue Bonds
MRB Mortgage Revenue Bonds
NPFGC National Public Finance Guarantee Corp.
PILOT Payment in Lieu of Taxes
RB Revenue Bonds
SONYMA State of New York Mortgage Agency
Syncora Syncora Guarantee
   
• Fair Value Measurements - Various inputs are used in determining the fair value of investments. 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 and 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 Fund's own assumptions used in determining the fair value of investments)
   
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 level in the fair value hierarchy within which the fair value measurement falls in its entirety 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 is based on the pricing transparency of the investment 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 other significant accounting policies, please refer to the Fund's most recent financial statements as contained in its annual report.  
   
The following table summarizes the Fund's investments categorized in the disclosure hierarchy as of October 31, 2012:  
               

 

  Level 1   Level 2   Level 3   Total
Assets:
Investments:

Long-Term Investments1

   — $ 937,621,563   — $ 937,621,563

Short-Term Securities

   $ 2,671,037   —   —   2,671,037
Total   $ 2,671,037 $ 937,621,563   — $ 940,292,600

 

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

 

Certain of the Fund’s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of October 31, 2012, such liabilities are categorized within the disclosure hierarchy as follows:
 

 

    Level 1   Level 2 Level 3 Total
Liabilities:
 

TOB trust certificates

 — $ (107,524,961) — $ (107,524,961)
 

VRDP Shares

 —   (247,700,000) —   (247,700,000)
Total — $ (355,224,961) — $ (355,224,961)
                   

 

There were no transfers between levels during the period ended October 31, 2012.

 

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.OCTOBER 31, 2012                    8
 

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: December 21, 2012

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By: /s/ John M. Perlowski
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniYield New York Quality Fund, Inc.

 

Date: December 21, 2012

 

By: /s/ Neal J. Andrews
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock MuniYield New York Quality Fund, Inc.

 

Date: December 21, 2012