Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-06624
 
Nuveen New York Select Tax-Free Income Portfolio
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            3/31          
 
Date of reporting period:         6/30/15         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 

 
 
Item 1. Schedule of Investments
 
 
   
Portfolio of Investments
     
           
   
Nuveen New York Select Tax-Free Income Portfolio (NXN)
     
   
June 30, 2015 (Unaudited)
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 95.7%
     
           
   
MUNICIPAL BONDS – 95.7%
     
           
   
Consumer Discretionary – 0.2%
     
$      100
 
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
9/15 at 100.00
BBB
$     100,257
   
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
     
   
Consumer Staples – 2.2%
     
150
 
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
6/16 at 100.00
B
146,717
   
Refunding Series 2006A-2, 5.250%, 6/01/26
     
275
 
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
6/16 at 100.00
B
235,403
   
Series 2006A-3, 5.000%, 6/01/35
     
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
     
290
 
4.750%, 6/01/22
6/16 at 100.00
BBB–
291,154
540
 
5.000%, 6/01/26
6/16 at 100.00
BB–
547,447
1,255
 
Total Consumer Staples
   
1,220,721
   
Education and Civic Organizations – 21.3%
     
100
 
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
102,448
   
2007A, 5.000%, 7/01/31
     
165
 
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
B+
135,548
   
Schools, Series 2007A, 5.000%, 4/01/37
     
280
 
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
12/20 at 100.00
B
286,628
   
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
     
30
 
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
30,646
   
University, Series 2006, 5.000%, 5/01/23
     
430
 
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
7/17 at 100.00
AA
448,094
   
2007A, 5.000%, 7/01/41 – RAAI Insured
     
150
 
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/23 at 100.00
A–
163,618
   
Series 2013A, 5.000%, 7/01/44
     
1,000
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
No Opt. Call
AA–
1,133,700
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
     
   
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
     
   
Facilities, Series 2015A:
     
20
 
5.000%, 7/01/31
No Opt. Call
Aa3
22,895
25
 
5.000%, 7/01/33
No Opt. Call
Aa3
28,368
405
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
7/17 at 100.00
AA–
430,839
   
5.000%, 7/01/37 – NPFG Insured
     
1,000
 
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
4/21 at 100.00
AAA
1,120,730
   
2011A, 5.000%, 10/01/41
     
290
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
No Opt. Call
AA–
330,519
   
2015A, 5.000%, 7/01/35
     
1,800
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
7/20 at 100.00
Aa1
2,026,440
   
University, Series 2010A, 5.000%, 7/01/40
     
120
 
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
7/20 at 100.00
Ba1
127,298
   
2010, 5.250%, 7/01/35
     
815
 
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba3
788,749
   
College Refunding, Series 2007-A1, 5.000%, 8/01/46
     
110
 
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
9/23 at 100.00
A
121,549
   
Project, Series 2013, 5.000%, 9/01/38
     
2,000
 
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
7/21 at 100.00
AA–
2,165,660
   
Rochester Project, Series 2011B, 5.000%, 7/01/41
     
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
     
   
Stadium Project, Series 2006:
     
500
 
5.000%, 1/01/31 – AMBAC Insured
1/17 at 100.00
BB+
512,435
430
 
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
BB+
436,665
300
 
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
9/16 at 100.00
AA–
303,411
   
Project, Series 2006, 4.750%, 3/01/46 – NPFG Insured
     
1,005
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation
No Opt. Call
AA–
1,136,404
   
Society, Series 2014A, 5.000%, 8/01/32
     
65
 
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
10/17 at 100.00
BBB
69,140
   
College, Series 2007, 5.000%, 10/01/27
     
11,040
 
Total Education and Civic Organizations
   
11,921,784
   
Financials – 0.9%
     
450
 
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
520,029
   
Series 2005, 5.250%, 10/01/35
     
   
Health Care – 8.9%
     
1,000
 
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
3/16 at 100.00
A+
1,020,900
   
Series 2006, 5.000%, 3/01/41
     
450
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
9/15 at 100.00
AA–
451,705
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
     
100
 
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
7/20 at 100.00
A
110,277
   
Series 2010, 5.200%, 7/01/32
     
   
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
     
   
Revenue Bonds, Series 2008:
     
250
 
6.000%, 12/01/15
No Opt. Call
Ba1
254,947
160
 
6.500%, 12/01/21
12/18 at 100.00
Ba1
180,706
210
 
6.125%, 12/01/29
12/18 at 100.00
Ba1
231,063
405
 
6.250%, 12/01/37
12/18 at 100.00
Ba1
443,115
950
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA
985,388
   
Center, Series 2006-1, 5.000%, 7/01/35
     
750
 
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
855,675
   
2011A, 6.000%, 7/01/40
     
   
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
     
   
Health System, Series 2007A:
     
100
 
5.250%, 2/01/27
2/17 at 100.00
BB+
101,699
90
 
5.500%, 2/01/32
2/17 at 100.00
BB+
91,159
240
 
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
9/15 at 100.00
B+
240,415
   
Series 2001B, 7.125%, 7/01/31
     
4,705
 
Total Health Care
   
4,967,049
   
Housing/Multifamily – 0.5%
     
275
 
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
11/17 at 100.00
Aa2
280,332
   
11/01/38 (Alternative Minimum Tax)
     
   
Industrials – 3.4%
     
40
 
Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt
1/25 at 100.00
N/R
42,374
   
Paper NY, Inc. Project, Series 2014, 5.000%, 1/01/35 (Alternative Minimum Tax)
     
1,865
 
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
11/24 at 100.00
N/R
1,880,181
   
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
     
1,905
 
Total Industrials
   
1,922,555
   
Long-Term Care – 2.3%
     
100
 
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
11/16 at 100.00
Baa3
101,753
   
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
     
50
 
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
9/15 at 100.00
N/R
50,014
   
5.000%, 7/01/35 – ACA Insured
     
735
 
East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds,
8/15 at 100.00
N/R
737,198
   
Jewish Home of Rochester, Series 2002, 4.625%, 2/15/17
     
225
 
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
228,103
   
Project, Series 2006A, 6.000%, 11/15/36
     
25
 
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/16 at 100.00
N/R
19,013
   
Needs Facilities Pooled Program, Series 2008-B1, 5.500%, 7/01/18
     
165
 
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
7/16 at 101.00
N/R
163,135
   
Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18
     
1,300
 
Total Long-Term Care
   
1,299,216
   
Tax Obligation/General – 3.7%
     
1,260
 
New York City, New York, General Obligation Bonds, Fiscal 2008 Series D, 5.125%, 12/01/25
12/17 at 100.00
AA
1,387,751
5
 
New York City, New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%, 6/01/25
6/16 at 100.00
AA
5,211
600
 
Yonkers, New York, General Obligation Bonds, Series 2011A, 5.000%, 10/01/24 – AGM Insured
10/21 at 100.00
AA
685,002
1,865
 
Total Tax Obligation/General
   
2,077,964
   
Tax Obligation/Limited – 26.0%
     
1,050
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
No Opt. Call
AAA
1,163,642
   
Purpose Series 2012D, 5.000%, 2/15/37
     
1,000
 
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2014A,
No Opt. Call
AAA
1,121,680
   
5.000%, 3/15/44
     
2,000
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
2,268,120
   
2011A, 5.750%, 2/15/47
     
1,500
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A,
2/17 at 100.00
A
1,574,745
   
5.000%, 2/15/47
     
600
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
AA
634,560
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
     
1,000
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
7/25 at 100.00
AA
1,117,530
   
Series 2015S-2, 5.000%, 7/15/40
     
1,000
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
5/23 at 100.00
AAA
1,107,400
   
Fiscal 2013 Series I, 5.000%, 5/01/38
     
450
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
2/24 at 100.00
AAA
505,530
   
Fiscal 2014 Series D-1, 5.000%, 2/01/35
     
1,000
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
2/21 at 100.00
AAA
1,165,430
   
Subordinate Series 2011-D1, 5.250%, 2/01/30
     
535
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
5/19 at 100.00
AAA
717,895
   
Tender Option Bond Trust 2015-XF0080, 13.416%, 5/01/32 (IF)
     
775
 
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
12/17 at 100.00
AAA
847,601
   
Series 2008A, 5.000%, 12/15/26 (UB)
     
570
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,
No Opt. Call
AA+
675,929
   
Trust 2800, 5.500%, 4/01/20 – AMBAC Insured (UB) (4)
     
425
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
10/17 at 100.00
AA+
459,604
   
5.000%, 4/01/27
     
1,000
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,
3/17 at 100.00
AAA
1,185,440
   
Tender Option Bond Trust 09-6W, 13.342%, 3/15/37 (IF) (4)
     
12,905
 
Total Tax Obligation/Limited
   
14,545,106
   
Transportation – 9.6%
     
500
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
No Opt. Call
AA–
509,205
   
5.000%, 11/15/15 – FGIC Insured
     
1,000
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B,
5/24 at 100.00
AA–
1,131,660
   
5.250%, 11/15/38
     
1,000
 
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
12/15 at 100.00
BB
1,004,010
   
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
     
250
 
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
11/21 at 100.00
A+
275,150
   
Center Project, Series 2011, 5.000%, 11/15/44
     
1,500
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
9/24 at 100.00
AA–
1,718,160
   
Eighty-Forth Series 2014, 5.000%, 9/01/33
     
120
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
8/17 at 100.00
AA
158,088
   
Eighth Series 2008, Trust 2920, 18.022%, 8/15/32 – AGM Insured (IF)
     
   
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
     
   
Terminal LLC Project, Eighth Series 2010:
     
290
 
6.500%, 12/01/28
12/15 at 100.00
BBB
296,676
215
 
6.000%, 12/01/36
12/20 at 100.00
BBB
250,778
4,875
 
Total Transportation
   
5,343,727
   
U.S. Guaranteed – 7.4% (5)
     
1,000
 
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series
11/17 at 100.00
A3 (5)
1,100,120
   
2008A, 5.250%, 11/15/32 (Pre-refunded 11/15/17)
     
175
 
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
No Opt. Call
Aaa
180,854
   
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
     
1,595
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
7/17 at 100.00
AA– (5)
1,730,671
   
5.000%, 7/01/37 (Pre-refunded 7/01/17) – NPFG Insured
     
100
 
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A (5)
101,207
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35 (Pre-refunded 10/01/15)
     
995
 
New York City, New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%, 6/01/25
6/16 at 100.00
N/R (5)
1,037,526
   
(Pre-refunded 6/01/16)
     
3,865
 
Total U.S. Guaranteed
   
4,150,378
   
Utilities – 8.2%
     
550
 
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
2/20 at 100.00
Baa3
613,046
   
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
     
35
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
37,296
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
     
570
 
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
AA–
591,067
430
 
5.000%, 12/01/25 – FGIC Insured
6/16 at 100.00
AA–
445,243
50
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A,
9/24 at 100.00
A–
54,123
   
5.000%, 9/01/44
     
400
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A–
433,824
   
5.000%, 5/01/38
     
865
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
892,386
   
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42
     
1,365
 
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE,
12/23 at 100.00
AAA
1,538,246
   
5.000%, 12/15/41
     
4,265
 
Total Utilities
   
4,605,231
   
Water and Sewer – 1.1%
     
200
 
Buffalo Municipal Water Finance Authority, New York, Water System Revenue Bonds, Refunding
7/25 at 100.00
A
228,218
   
Series 2015A, 5.000%, 7/01/29
     
275
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System
6/18 at 100.00
AA+
385,352
   
Revenue Bonds, Tender Option Bond Trust 2015-XF0097, 17.768%, 12/15/31 (IF)
     
475
 
Total Water and Sewer
   
613,570
$ 49,280
 
Total Long-Term Investment (cost $50,462,729)
   
53,567,919
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
SHORT-TERM INVESTMENTS – 6.3%
     
           
   
MUNICIPAL BONDS – 6.3%
     
           
   
Education and Civic Organizations – 1.3%
     
$ 750
 
Syracuse Industrial Development Agency, New York, Civic Facility Revenue, Syracuse University,
7/15 at 100.00
A-1+
$     750,000
   
Variable Rate Demand Bond Series 2005B, 0.040%, 12/01/35 (6)
     
   
Tax Obligation/General – 2.2%
     
1,200
 
New York City, New York, General Obligation Bonds, Variable Rate Demand Obligations, Fiscal
10/15 at 100.00
A-1
1,200,000
   
Sub Series 2005F-4, 0.070%, 9/01/35 (6)
     
   
Tax Obligation/Limited – 1.4%
     
750
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Variable Rate Demand
9/15 at 100.00
A-1+
750,000
   
Obligations Refunding Series 2002B-1, 0.060%, 11/01/22 (6)
     
   
Transportation – 1.4%
     
800
 
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Variable Rate
10/15 at 100.00
A-1+
800,000
   
Demand Obligations Series 2001B, 0.060%, 1/01/32 (6)
     
3,500
 
Total Short-Term Investments (cost $3,500,000)
   
3,500,000
$ 52,780
 
Total Investments (cost $53,962,729) – 102.0%
   
57,067,919
   
Floating Rate Obligations – (1.8)%
   
(1,005,000)
   
Other Assets Less Liabilities – (0.2)%
   
(116,008)
   
Net Assets – 100%
   
$ 55,946,911
 
 
 

 
 
 
Fair Value Measurements
 
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances.
 
The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
 
Level 1
Level 2
Level 3
Total
Investments:
       
Municipal Bonds
$ —
$53,567,919
$           —
$53,567,919
Short-Term Investments:
       
Municipal Bonds
3,500,000
3,500,000
Total
$ —
$53,567,919
$3,500,000
$57,067,919
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of June 30, 2015, the cost of investments was $52,939,179.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2015, were as follows:
   
Gross unrealized:
 
Appreciation
$3,208,057
Depreciation
(81,949)
Net unrealized appreciation (depreciation) of investments
$3,126,108
 
(1)
 
All percentages shown in the Portfolio of Investments are based on net assets.
(2)
 
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
 
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by
   
any of these national rating agencies.
(4)
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(5)
 
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(6)
 
Investment has a maturity of more than one year, but has variable rate and demand features which
   
qualify it as a short-term investment. The rate disclosed is that in effect as of the end of the reporting
   
period. This rate changes periodically based on market conditions or a specified market index.
(ETM)
 
Escrowed to maturity.
(IF)
 
Inverse floating rate investment.
(UB)
 
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
  
 
 

 
 
Item 2. Controls and Procedures.

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") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
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 (17 CFR 270.30a-3(d)) 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.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 

 
 
SIGNATURES

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.
 
(Registrant)  Nuveen New York Select Tax-Free Income Portfolio 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         August 28, 2015        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         August 28, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         August 28, 2015