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: 10/31/2013

Item 1 – Schedule of Investments

Schedule of Investments October 31, 2013 (Unaudited)

   

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

(Percentages shown are based on Net Assets)

 

                                 
Municipal Bonds   

Par  

(000)

     Value  

New York — 128.1%

                 

Corporate — 3.0%

  

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      $ 1,612,395   

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

      930        883,537   

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

      4,000        4,014,440   

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

      4,000        4,276,040   

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

      4,750        4,929,408   
    

 

 

  
               15,715,820   

County/City/Special District/School District — 40.1%

  

City of New York New York, GO:

     

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

      1,950        2,060,097   

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

      8,350        8,899,847   

Sub-Series D-1, 5.00%, 8/01/31

      1,300        1,406,210   

City of New York New York, GO, Refunding:

     

Series I, 5.00%, 8/01/32

      490        523,609   

Series E, 5.50%, 8/01/25

      6,230        7,437,063   

5.00%, 8/01/27

      1,070        1,190,664   

City of New York New York, GO:

     

Sub-Series A-1, 5.00%, 8/01/33

      2,100        2,250,507   

Sub-Series A-1, 5.00%, 10/01/34

      1,845        1,959,408   

Refunding, 5.00%, 8/01/32

      2,040        2,193,000   
                                 
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%, 11/15/30

    $ 1,500      $ 1,559,490   

5.00%, 11/15/35

      31,600        31,830,364   

5.00%, 11/15/44

      12,420        12,445,958   

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        7,342,323   

5.00%, 7/01/33

      1,675        1,753,340   

City of New York New York Industrial Development Agency, RB, PILOT:

     

CAB, Yankee Stadium Project, Series A (AGC), 5.80%, 3/01/39 (b)

      5,000        1,173,550   

CAB, Yankee Stadium Project, Series A (AGC), 5.97%, 3/01/43 (b)

      4,330        771,996   

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

      1,000        1,088,750   

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

      6,910        6,083,771   

Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39

      1,750        1,513,908   

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

      2,250        2,259,270   

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

      9,650        9,602,039   

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

     

5.00%, 2/01/14 (c)

      2,375        2,403,833   

5.25%, 2/01/22

      55        55,230   

5.00%, 11/15/26

      260        260,970   

5.00%, 2/01/33

      10,020        10,104,970   

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A:

     

5.25%, 5/01/31

      2,305        2,462,385   

5.25%, 5/01/32

      1,000        1,063,650   

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013    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      $ 4,336,550   

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

      550        554,675   

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

      4,580        4,618,930   

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

      17,325        16,331,584   

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

      4,665        4,671,858   

New York Liberty Development Corp., Refunding RB, Liberty:

     

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

      2,570        2,657,586   

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

      2,000        2,017,080   

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

      3,460        3,693,654   

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

      2,490        2,401,804   

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

      4,725        4,769,793   

North Country Development Authority, Refunding RB, (AGM), 6.00%, 5/15/15

      400        417,032   

Sales Tax Asset Receivable Corp., Refunding RB, Series A, (AMBAC):

     

5.25%, 10/15/27

      9,500        9,894,345   

5.00%, 10/15/32

      27,200        28,091,888   

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

      3,400        3,267,672   

Town of North Hempstead New York, GO, Refunding, Series B (NPFGC), 6.40%, 4/01/17

      555        658,313   
    

 

 

  
               210,078,966   

Education — 24.2%

     

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

      2,000        2,005,800   

Buffalo & County of Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corp. Project, 5.38%, 10/01/41

      1,040        1,083,493   

 

                                 
Municipal Bonds   

Par   

(000)

     Value  

New York (continued)

                 

Education (continued)

     

City of New York New York Industrial Development Agency, Refunding RB, Nightingale-Bamford School (AMBAC), 5.25%, 1/15/18

    $ 1,275      $ 1,279,743   

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        4,801,252   

American Museum of Natural History, Series A (NPFGC), 5.00%, 7/01/44

      500        500,130   

Carnegie Hall, Series A, 4.75%, 12/01/39

      3,550        3,568,495   

Carnegie Hall, Series A, 5.00%, 12/01/39

      2,150        2,197,386   

Museum of Modern Art, Series 1A, 5.00%, 4/01/31

      1,000        1,095,490   

Wildlife Conservation Society, Series A, 5.00%, 8/01/33

      1,000        1,062,580   

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

      750        778,080   

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

      9,725        9,866,985   

County of Dutchess New York Local Development Corp., RB, Vassar College, Series A, 5.00%, 1/01/49

      1,000        1,014,070   

County of Madison New York Industrial Development Agency, RB, Colgate University Project, Series A (AMBAC)

     

5.00%, 7/01/30

      5,410        5,540,922   

5.00%, 7/01/35

      2,675        2,727,537   

County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series B, 4.50%, 7/01/35

      3,885        3,868,800   

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

      1,440        1,511,986   

County of Oneida New York Local Development Corp., RB, Hamilton College Project, 4.00%, 7/01/33

      1,560        1,490,237   

 

                
2    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013   

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 Onondaga New York, RB, Syracuse University Project

     

5.00%, 12/01/30

    $ 1,190      $ 1,273,157   

5.00%, 12/01/36

      1,150        1,209,248   

County of Rensselaer New York Industrial Development Agency, RB, Polytechnic Institute, Series B (AMBAC), 5.50%, 8/01/22

      1,255        1,260,095   

County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 7/01/32

      1,120        1,187,805   

County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project, 5.38%, 9/01/41

      500        514,280   

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

     

5.50%, 7/01/33

      500        536,640   

5.25%, 7/01/36

      860        900,153   

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

      675        713,718   

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

     

5.00%, 7/01/35

      800        834,472   

5.00%, 7/01/40

      2,035        2,096,457   

New York State Dormitory Authority, RB:

     

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

      2,075        2,233,094   

Series A, 5.00%, 7/01/28

      325        352,736   

Series A, 5.50%, 7/01/36

      1,550        1,656,718   

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

      5,500        5,809,210   

5.13%, 7/01/39

      665        677,549   

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

      4,580        5,105,784   

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

      1,000        1,085,100   

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

      600        628,314   

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

      3,240        3,369,146   

New York University, Series C, 5.00%, 7/01/38

      2,000        2,101,960   
                                 
Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Education (concluded)

     

New York State Dormitory Authority, RB (concluded):

     

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

    $ 1,500      $ 1,548,090   

The New School, 5.50%, 7/01/43

      4,050        4,256,955   

New York State Dormitory Authority, Refunding LRB, State University Dormitory Facilities, Series A, 5.00%, 7/01/42

      1,490        1,538,559   

New York State Dormitory Authority, Refunding RB:

     

3rd General Resolution, State University Educational Facilities Issue, Series A, 5.00%, 5/15/29

      1,000        1,079,980   

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

      1,000        1,059,440   

New York University (NPFGC), 5.00%, 7/01/35

      7,100        7,180,088   

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

      3,955        4,272,112   

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

      4,775        4,951,436   

Rochester Institute of Technology, 4.00%, 7/01/32

      2,355        2,193,141   

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

      500        514,490   

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

      750        765,818   

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

      2,505        2,424,640   

St. John’s University, Series A, 5.00%, 7/01/27

      430        462,843   

State University Dormitory Facilities, Series A, 5.25%, 7/01/30

      4,195        4,590,630   

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

      8,735        9,471,448   

Troy IDA, RB, Rensselaer Polytechnic Institute Project, Series E, 5.20%, 4/01/37

      2,280        2,347,807   
    

 

 

  
               126,596,099   

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013    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 — 10.4%

     

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

    $ 2,200      $ 2,298,736   

County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center, (AGC):

     

5.50%, 4/01/30

      250        265,012   

5.50%, 4/01/34

      490        512,310   

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A:

     

5.00%, 12/01/32

      830        840,242   

5.00%, 12/01/37

      350        347,081   

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

     

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

      860        691,655   

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

      5,650        6,004,594   

New York State Dormitory Authority, RB:

     

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

      2,000        2,092,780   

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

      6,500        6,687,590   

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

      1,500        1,501,320   

New York & Presbyterian Hospital (AGM), 5.00%, 8/15/14 (c)

      4,925        5,112,248   

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

      3,450        3,701,919   

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

      1,100        1,182,907   

North Shore-Long Island Jewish Obligated Group, Series A, 5.50%, 5/01/37

      2,075        2,163,831   

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

      1,500        1,319,220   

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

      1,750        1,587,775   
                                 
Municipal Bonds   

Par  

(000)

     Value  

New York (continued)

                 

Health (concluded)

     

New York State Dormitory Authority, Refunding RB:

     

New York University Hospital Center, Series A, 5.00%, 7/01/36

    $ 1,500      $ 1,510,875   

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

      4,000        4,090,320   

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

      9,220        9,596,545   

St. Luke’s Roosevelt Hospital (FHA), 4.90%, 8/15/31

      2,900        2,912,122   
    

 

 

  
               54,419,082   

Housing — 5.5%

     

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

     

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

      750        754,200   

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

      1,335        1,308,407   

Series C, 5.00%, 11/01/26

      1,500        1,523,460   

Series C, 5.05%, 11/01/36

      2,000        2,012,080   

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

      1,340        1,279,258   

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

      840        837,816   

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

      600        607,524   

City of New York New York Housing Development Corp., Refunding RB, M/F Housing, Series L-2-A,
4.00%, 5/01/44

      3,250        2,748,622   

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

      2,445        2,441,626   

County of Monroe New York Industrial Development Agency, IDRB, Southview Towers Project, AMT, (SONYMA):

     

6.13%, 2/01/20

      705        706,939   

6.25%, 2/01/31

      1,125        1,126,215   

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

      1,500        1,433,445   

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

      5,500        4,658,390   

 

                
4    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013   

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)

                 

Housing (concluded)

     

State of New York Mortgage Agency, Refunding RB:

     

48th Series, 3.70%, 10/01/38

    $ 4,285      $ 3,435,713   

Series 133, AMT, 4.95%, 10/01/21

      320        325,760   

Series 143, AMT, 4.85%, 10/01/27

      1,100        1,109,240   

Series 143, AMT (NPFGC, IBC), 4.85%, 10/01/27

      2,485        2,523,145   
    

 

 

  
               28,831,840   

State — 12.1%

     

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

     

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

      1,700        1,705,712   

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

      6,000        6,654,300   

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

      5,500        6,090,205   

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

      1,500        1,660,965   

Fiscal 2013, Series S-1, 4.00%, 7/15/42

      735        638,693   

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

      5,000        5,312,650   

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

      5,980        5,981,435   

Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund, Sub-Series B-1, 5.00%, 11/15/31

      3,465        3,728,340   

New York State Dormitory Authority, ERB, Series C, 5.00%, 12/15/31

      6,230        6,565,299   

New York State Dormitory Authority, RB:

     

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

      1,000        1,050,170   

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

      1,750        1,868,422   

Mental Health Facilities, Series B, 5.25%, 2/15/14 (c)

      1,570        1,593,142   

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

      550        567,061   

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

      4,050        4,141,044   
                                 
Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

State (concluded)

     

New York State Thruway Authority, RB:

     

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

    $ 4,380      $ 4,760,929   

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

      1,500        1,633,335   

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

      1,130        1,215,710   

New York State Urban Development Corp., RB, State Personal Income Tax:

     

Series A, 3.50%, 3/15/28

      1,500        1,474,965   

State Facilities, Series A-1 (NPFGC), 5.00%, 3/15/14 (c)

      5,000        5,090,300   

Tobacco Settlement Financing Corp. New York, RB, Series B-1C, 5.50%, 6/01/22

      1,900        1,908,265   
    

 

 

  
               63,640,942   

Transportation — 23.4%

     

Metropolitan Transportation Authority, RB:

     

Series A, 5.00%, 11/15/27

      1,000        1,079,750   

Series A, 5.00%, 11/15/30

      2,935        3,094,312   

Series C, 6.50%, 11/15/28

      3,200        3,754,432   

Series C, 4.00%, 11/15/43

      635        551,129   

Series D, 5.25%, 11/15/41

      3,000        3,099,210   

Series H, 5.00%, 11/15/25

      1,000        1,115,580   

Series H, 5.00%, 11/15/31

      1,690        1,777,796   

Metropolitan Transportation Authority, Refunding RB:

     

Series B, 5.00%, 11/15/34

      1,500        1,565,835   

Series D, 5.25%, 11/15/29

      1,000        1,073,470   

Series D, 4.00%, 11/15/32

      600        579,234   

Series F, 5.00%, 11/15/30

      1,580        1,669,349   

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

      3,500        3,652,565   

New York State Thruway Authority, Refunding RB:

     

General, Series F (AMBAC), 5.00%, 1/01/30

      6,000        6,203,580   

General, Series G (AGM), 4.75%, 1/01/29

      7,250        7,544,567   

General, Series G (AGM), 4.75%, 1/01/30

      9,000        9,348,570   

General, Series G (AGM), 5.00%, 1/01/32

      1,030        1,073,734   

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013    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)

     

New York State Thruway Authority, Refunding RB (concluded):

     

General, Series I, 5.00%, 1/01/24

    $ 1,505      $ 1,720,350   

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

      6,500        6,710,665   

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

      3,250        3,326,343   

Series G (AGM), 5.00%, 1/01/30

      2,000        2,086,920   

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

      1,900        2,056,826   

Niagara Frontier Transportation Authority New York, RB, Buffalo Niagara International Airport, Series B (NPFGC), 5.50%, 4/01/19

      2,705        2,725,152   

Port Authority of New York & New Jersey, ARB:

     

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

      2,500        2,603,800   

Consolidated, 37th Series, AMT (AGM), 5.13%, 7/15/30

      2,500        2,538,450   

JFK International Air Terminal, Special Project, Series 6, AMT (NPFGC), 5.75%, 12/01/25

      3,500        3,517,325   

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

      8,160        8,241,192   

Special Project, JFK International Air Terminal LLC, Series 6, AMT (NPFGC), 6.25%, 12/01/13

      4,425        4,434,027   

Special Project, JFK International Air Terminal LLC, Series 6, AMT (NPFGC), 6.25%, 12/01/14

      7,380        7,561,917   

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 177th Series, AMT:

     

3.50%, 7/15/35

      2,120        1,720,083   

4.00%, 1/15/43

      2,475        2,120,555   

Triborough Bridge & Tunnel Authority, RB (c):

     

Sub-Series A (NPFGC), 5.25%, 11/15/13

      6,000        6,011,940   
Municipal Bonds    Par  
(000)		     Value  

New York (continued)

                 

Transportation (concluded)

     

Triborough Bridge & Tunnel Authority, RB (c) (concluded): Subordinate Bonds (AMBAC), 5.00%, 11/15/13

    $ 1,965      $ 1,968,714   

Triborough Bridge & Tunnel Authority, Refunding RB:

     

General, Series A, 5.00%, 11/15/38

      1,000        1,047,370   

General, Series B, 5.00%, 11/15/31

      495        536,922   

Series C, 5.00%, 11/15/38

      2,000        2,066,440   

Series E (NPFGC), 5.25%, 11/15/23

      630        632,646   

Series E (NPFGC), 5.00%, 11/15/32

      8,115        8,137,235   

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

      2,500        2,740,225   

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

      875        949,594   
    

 

 

  
               122,637,804   

Utilities — 9.4%

     

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

      2,000        2,080,080   

City of New York New York Municipal Water Finance Authority, Refunding RB:

     

Series D (AGM), 5.00%, 6/15/37

      9,000        9,252,180   

Series DD, 5.00%, 6/15/32

      6,750        7,093,035   

Water & Sewer System, 2nd General Resolution, Fiscal 2010, Series FF, 5.00%, 6/15/31

      1,500        1,611,390   

Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31

      1,000        1,074,260   

Water & Sewer System, 2nd General Resolution, Series FF, 4.00%, 6/15/45

      1,975        1,793,734   

Long Island Power Authority, RB, Electric System Series A:

     

(AMBAC), 5.00%, 9/01/29

      7,000        7,169,540   

General (AGM), 5.00%, 5/01/36

      3,775        3,865,071   

 

                
6    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013   

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)

     

Long Island Power Authority, Refunding RB:

     

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

    $ 1,015      $ 1,129,817   

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

      1,500        1,692,015   

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

      4,000        4,113,560   

New York State Environmental Facilities Corp., Refunding RB, New York City Municipal Water Revolving Funds Series B:

     

5.00%, 6/15/36

      2,100        2,218,335   

5.00%, 6/15/33

      1,040        1,111,469   

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

      4,920        5,217,119   
               49,421,605   
Total Municipal Bonds in New York        671,342,158   
    

Guam — 0.2%

                 

Utility — 0.2%

     

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

      1,380        1,362,874   

Puerto Rico — 0.7%

                 

Housing — 0.7%

     

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

      3,500        3,497,760   
Total Municipal Bonds — 129.0%              676,202,792   
    
   
Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)		  

New York — 33.2%

                 

County/City/Special District/School District — 11.6%

  

City of New York New York, GO:

     

Series J, 5.00%, 5/15/23

      6,750        6,883,987   

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

      14,400        16,425,648   

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        4,355,876   
Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)		   

Par  

(000)

     Value  

New York (continued)

                 

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

  

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

    $ 9,739      $ 10,316,662   

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

      18,000        18,784,620   

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

      3,645        3,806,984   
    

 

 

  
               60,573,777   

Education — 6.4%

     

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

      7,850        8,797,573   

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

     

5.25%, 7/01/29

      6,000        6,445,800   

5.00%, 7/01/35

      5,198        5,450,253   

New York State Dormitory Authority, RB:

     

5.00%, 7/01/38

      6,498        6,829,517   

(AMBAC), 5.00%, 7/01/37

      5,707        6,017,247   
    

 

 

  
               33,540,390   

State — 1.3%

     

New York State Dormitory Authority, RB, Mental Health Services Facilities, Series C, AMT (AGM), 5.40%, 2/15/33

      6,297        6,716,145   

Transportation — 9.7%

     

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

      3,901        4,160,126   

New York State Thruway Authority, Refunding RB, General:

     

Series A, 5.00%, 3/15/31

      3,940        4,245,035   

Series G (AGM), 5.00%, 1/01/32

      16,000        16,679,360   

Series H (AGM, NPFGC), 5.00%, 1/01/37

      10,000        10,348,300   

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

      7,990        8,741,053   

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (MYN)    OCTOBER 31, 2013    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 (concluded)

     

Transportation (concluded)

     

Port Authority of New York & New Jersey, ARB, Consolidated, Series 169, AMT (concluded): 5.00%, 10/15/26

    $ 6,000      $ 6,467,580   
    

 

 

  
               50,641,454   

Utilities — 4.2%

     

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        4,553,553   

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        10,557,855   

2nd General Resolution, Fiscal 2012, Series BB, 5.00%, 6/15/44

      3,991        4,133,827   

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

      2,760        2,954,561   
    

 

 

  
               22,199,796   
Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts — 33.2%		         173,671,562   

Total Long-Term Investments

(Cost — $834,495,777) — 162.2%

  

  

     849,874,354   
Short-Term Securities — 0.9%    Shares     Value  

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

      4,829,985      $ 4,829,985   

Total Short-Term Securities

(Cost — $4,829,985) — 0.9%

              4,829,985   

Total Investments

(Cost — $839,325,762*) — 163.1%

  

  

     854,704,339   
Other Assets Less Liabilities — 1.9%        9,651,881   

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable — (17.7%)

   

     (92,538,378 ) 
VRDP Shares, at Liquidation Value — (47.3%)        (247,700,000 ) 
    

 

 

  
Net Assets Applicable to Common Shares — 100.0%      $ 524,117,842   
    

 

 

  

 

*   As of October 31, 2013, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

   $ 747,863,226   
 

 

 

  

Gross unrealized appreciation

   $ 24,831,238   

Gross unrealized depreciation

     (10,495,880 ) 
 

 

 

  

Net unrealized appreciation

   $ 14,335,358   
 

 

 

  

 

Notes to Schedule of Investments

 

(a)   Variable rate security. Rate shown is 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)   Represent bonds transferred to a TOB. In exchange 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 $12,782,458.

 

                
8    BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013   

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 October 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate  

SharesHeld

at July 31,

2013

    

Net

Activity

    

SharesHeld

at October 31,
2013

     Income  

BIF New York Municipal Money Fund

     20,993,749        (16,163,764 )      4,829,985      $ 2   

 

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

 

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 Guarantee Corp.    GO    General Obligation Bonds
     AGM    Assured Guaranty Municipal Corp.    HFA    Housing Finance Agency
     AMBAC    American Municipal Bond Assurance Corp.    IBC    Insured Bond Certificates
     AMT    Alternative Minimum Tax (subject to)    IDA    Industrial Development Authority
     ARB    Airport Revenue Bonds    IDRB    Industrial Development Revenue Bonds
     BARB    Building Aid Revenue Bonds    LRB    Lease Revenue Bonds
     BHAC    Berkshire Hathaway Assurance Corp.    M/F    Multi-Family
     BOCES    Board of Cooperative Educational Services    NPFGC    National Public Finance Guarantee Corp.
     CAB    Capital Appreciation Bonds    PILOT    Payment in Lieu of Taxes
     ERB    Education Revenue Bonds    RB    Revenue Bonds
     Fannie Mae    Federal National Mortgage Association    SONYMA    State of New York Mortgage Agency
     FHA    Federal Housing Administration    Syncora    Syncora Guarantee

 

Ÿ  

Financial futures contracts as of October 31, 2013 were as follows:

 

Contracts
Sold		   Issue     Exchange     Expiration     Notional
Value		     Unrealized
Depreciation		  
(213)     10-Year US Treasury Note        Chicago Board of Trade        December 2013      $ 27,127,547      $ (16,873 ) 

 

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 Fund management. 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.    OCTOBER 31, 2013    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 annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy as of October 31, 2013:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                 
Investments:                 

Long-Term Investments 1

     —         $ 849,874,354           —         $ 849,874,354   

Short-Term Securities

   $ 4,829,985           —           —           4,829,985   
 

 

 

       

 

 

       

 

 

       

 

 

  

Total

   $ 4,829,985         $ 849,874,354           —         $ 854,704,339   
 

 

 

       

 

 

       

 

 

       

 

 

  

 

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

      

     Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments 2                 

Liabilities:

                 

Interest rate contracts

   $ (16,873 )         —           —         $ (16,873 ) 

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.    OCTOBER 31, 2013   

Schedule of Investments (concluded)

   

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

 

Certain of the Fund’s assets and/or liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of October 31, 2013, 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

   $ 378,000           —         —      $ 378,000   

Liabilities:

                 

TOB trust certificates

     —         $ (92,505,755 )       —        (92,505,755 ) 

VRDP Shares

     —           (247,700,000 )       —        (247,700,000 ) 
 

 

 

       

 

 

       

 

     

 

 

  

Total

   $ 378,000         $ (340,205,755 )       —      $ (339,827,755 ) 
 

 

 

       

 

 

       

 

     

 

 

  

There were no transfers between levels during the period ended October 31, 2013.

 

                
   BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.    OCTOBER 31, 2013    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: December 23, 2013

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 23, 2013
By:  

/s/ Neal J. Andrews

  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock MuniYield New York Quality Fund, Inc.
Date: December 23, 2013