BLACKROCK MUNIHOLDINGS 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 811-08217

Name of Fund: BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniHoldings 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: 08/31/2014

Date of reporting period: 11/30/2013


Item 1 – Schedule of Investments


Schedule of Investments November 30, 2013 (Unaudited)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York — 142.1%

                

Corporate — 3.8%

  

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      $   1,608,765   

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

     820        775,261   

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

     4,340        4,371,769   

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

     5,500        5,755,970   

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

     3,340        3,440,333   
    

 

 

 
               15,952,098   

County/City/Special District/School District — 37.7%

  

City of New York New York, GO:

    

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

     1,630        1,710,620   

Fiscal 2012, Series A-1, 5.00%, 8/01/35

     2,350        2,459,534   

Fiscal 2012, Sub-Series D-1, 5.00%, 10/01/33

     4,175        4,401,619   

Fiscal 2014, Sub-Series D-1, 5.00%, 8/01/31

     945        1,011,065   

City of New York New York, GO, Refunding:

    

Fiscal 2012, Series I, 5.00%, 8/01/32

     490        517,489   

Fiscal 2013, Series E, 5.00%, 8/01/30

     2,000        2,147,420   

Fiscal 2014, Series E, 5.00%, 8/01/32

     2,000        2,122,720   

Fiscal 2014, Series E, 5.50%, 8/01/25

     5,500        6,498,085   

City of New York New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC):

    

5.00%, 11/15/30

     2,100        2,173,038   

5.00%, 11/15/35

     19,150        19,263,176   

5.00%, 11/15/44

     6,105        6,109,396   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

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

   $   6,505      $   6,870,906   

5.00%, 7/01/33

     1,375        1,421,516   

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

    

CAB, Yankee Stadium Project, Series A (AGC), 5.69%, 3/01/39 (b)

     1,380        335,064   

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

     800        866,656   

Queens Baseball Stadium (AMBAC), 5.00%, 1/01/31

     3,500        3,139,255   

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

     6,640        5,702,299   

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

     2,200        2,205,434   

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

     9,500        9,363,295   

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

    

5.00%, 2/01/14 (c)

     1,830        1,845,299   

5.25%, 2/01/22

     45        45,189   

5.00%, 11/15/26

     245        245,916   

5.00%, 2/01/33

     8,170        8,215,507   

County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A, 5.25%, 5/01/31

     1,000        1,068,300   

Hudson Yards Infrastructure Corp., RB, Series A:

    

5.00%, 2/15/47

     2,350        2,347,697   

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

     7,370        7,420,337   

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

     305        307,083   

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

     7,530        7,581,430   

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

     14,305        13,373,745   

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

     1,500        1,498,530   

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

    

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

     1,710        1,781,752   

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

     2,000        2,005,160   

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

     2,080        2,216,510   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013    1


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

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

  

New York Liberty Development Corp., Refunding RB, Liberty (concluded):

    

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

   $   885      $   857,388   

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

     3,530        3,539,249   

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

    

5.25%, 10/15/27

     2,500        2,583,275   

5.00%, 10/15/32

     21,175        21,747,148   

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

     3,100        2,952,502   
    

 

 

 
               159,950,604   

Education — 25.9%

  

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

     4,975        4,967,139   

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

     1,000        1,037,650   

City of New York New York Industrial Development Agency, Refunding RB, Nightingale-Bamford School (AMBAC), 5.25%, 1/15/17

     1,200        1,200,852   

City of New York New York Trust for Cultural Resources, Refunding RB, Series A:

    

American Museum of Natural History (NPFGC), 5.00%, 7/01/36

     6,300        6,333,705   

Carnegie Hall, 4.75%, 12/01/39

     3,150        3,151,606   

Carnegie Hall, 5.00%, 12/01/39

     1,850        1,881,653   

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

     1,000        1,060,550   

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

     2,840        2,927,699   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

  

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

   $   8,455      $   8,562,632   

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

     1,000        1,009,590   

County of Madison New York Industrial Development Agency, RB, Colgate University Project, Series A (AMBAC), 5.00%, 7/01/30

     4,000        4,086,240   

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

     1,240        1,297,648   

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

     1,505        1,434,069   

County of Onondaga New York, RB, Syracuse University Project:

    

5.00%, 12/01/29

     1,135        1,214,507   

5.00%, 12/01/36

     1,100        1,150,171   

County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A:

    

5.00%, 7/01/37

     715        695,659   

5.00%, 7/01/42

     445        417,971   

County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project:

    

6.00%, 9/01/34

     300        330,192   

5.38%, 9/01/41

     125        128,054   

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

    

5.50%, 7/01/33

     500        533,790   

5.25%, 7/01/36

     700        728,945   

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

     500        528,395   

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

    

5.00%, 7/01/35

     750        788,603   

 

                
2    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013   


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (continued)

  

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

    

5.00%, 7/01/40

   $   1,500      $   1,552,665   

New York State Dormitory Authority, RB:

    

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

     1,770        1,896,697   

Fordham University, Series A, 5.00%, 7/01/28

     175        188,606   

Fordham University, Series A, 5.50%, 7/01/36

     1,375        1,461,598   

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

     4,500        4,740,705   

Mount Sinai School of Medicine, 5.13%, 7/01/39

     1,000        1,015,720   

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

     3,500        3,869,530   

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

     400        431,136   

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

     3,000        3,112,260   

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

     2,000        2,092,820   

Siena College, 5.13%, 7/01/39

     1,345        1,366,802   

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

     1,500        1,557,480   

The New School (AGM), 5.50%, 7/01/43

     3,265        3,418,912   

New York State Dormitory Authority, Refunding RB:

    

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

     1,000        1,074,140   

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

     1,000        1,051,480   

New York University Mount Sinai School of Medicine (NPFGC), 5.00%, 7/01/35

     5,100        5,190,219   

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

     3,000        3,218,400   

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

     4,180        4,375,875   

Rochester Institute of Technology, 4.00%, 7/01/31

     3,300        3,100,845   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Education (concluded)

  

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

    

Rochester Institute of Technology, 4.00%, 7/01/33

   $   1,605      $   1,462,123   

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

     500        509,065   

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

     750        762,540   

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

     2,535        2,435,070   

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

     370        394,720   

St. John’s University, Series A, 5.00%, 7/01/28

     500        527,465   

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

     4,755        5,122,229   

State University Dormitory Facilities, Series A, 5.25%, 7/01/32

     6,435        6,874,446   

State University Dormitory Facilities, Series A, 5.00%, 7/01/42

     1,490        1,545,756   
    

 

 

 
               109,816,624   

Health — 10.5%

  

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

     1,800        1,871,910   

County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 4/01/34

     500        521,645   

County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%, 12/01/37

     1,180        1,158,961   

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

    

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

     1,310        1,043,402   

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

     5,925        6,404,510   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013    3


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Health (concluded)

  

New York State Dormitory Authority, RB:

    

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

   $   2,250      $   2,344,275   

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

     5,500        5,627,710   

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

     1,000        998,690   

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

     3,895        4,028,209   

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

     2,680        2,861,195   

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

     1,800        1,923,840   

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

     1,825        1,895,865   

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

     1,250        1,088,287   

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

     1,500        1,321,380   

New York State Dormitory Authority, Refunding RB:

    

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

     1,000        1,007,460   

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

     2,000        2,028,400   

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

     7,375        7,631,060   

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

     1,000        1,002,860   
    

 

 

 
               44,759,659   

Housing — 7.1%

  

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

    

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

     750        751,147   

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

     1,335        1,297,794   

Series C, 5.00%, 11/01/26

     1,250        1,264,900   

Series C, 5.05%, 11/01/36

     2,000        2,008,640   

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

     1,000        947,910   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Housing (concluded)

  

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

    

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

   $   835      $   827,418   

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

     600        605,796   

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

     3,750        3,198,000   

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

     2,000        1,973,360   

New York State HFA, RB:

    

Affordable Housing, Series E (SONYMA), 3.40%, 11/01/37

     4,755        3,750,792   

Affordable Housing, Series E (SONYMA), 3.50%, 11/01/42

     4,225        3,239,899   

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

     1,000        951,850   

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

     4,000        3,405,040   

State of New York Mortgage Agency, Refunding RB:

    

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

     3,210        2,586,329   

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

     380        385,719   

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

     1,085        1,089,307   

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

     2,000        2,021,480   
    

 

 

 
               30,305,381   

State — 15.8%

  

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

    

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

     1,510        1,510,498   

Fiscal 2008, Series S-4 (AGC), 5.50%, 1/15/33

     3,000        3,310,080   

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

     4,000        4,420,440   

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

     1,250        1,379,200   

 

                
4    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013   


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

State (continued)

  

City of New York New York Transitional Finance Authority, BARB (concluded):

    

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

   $   500      $   429,735   

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

     3,750        3,961,988   

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

     4,830        4,791,070   

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

     4,000        4,275,040   

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

     2,320        2,479,523   

New York State Dormitory Authority, RB:

    

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

     3,000        3,136,500   

General Purpose, Series E, 5.00%, 2/15/31

     2,645        2,818,882   

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

     250        265,390   

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

     1,550        1,566,585   

Mental Health Services Facilities Improvement, Series B (AGM), 5.00%, 2/15/33

     4,500        4,651,920   

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

     450        460,836   

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

     5,000        5,120,400   

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

     2,500        2,545,375   

New York State Dormitory Authority, Refunding RB, Secured Hospital, North General Hospital (Syncora), 5.75%, 2/15/17

     2,000        2,007,280   

New York State Thruway Authority, RB:

    

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

     8,700        9,443,676   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

State (concluded)

  

New York State Thruway Authority, RB (concluded):

    

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

   $   1,000      $   1,081,010   

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

     2,740        2,928,841   

New York State Thruway Authority, Refunding RB, 2nd General Highway and Bridge Trust, Series A, 5.00%, 4/01/32

     1,000        1,052,140   

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

    

Series A, 3.50%, 3/15/28

     1,660        1,603,610   

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

     2,000        2,028,560   
    

 

 

 
               67,268,579   

Transportation — 32.0%

  

Metropolitan Transportation Authority, RB:

    

Series A, 5.00%, 11/15/27

     1,000        1,070,580   

Series A, 5.00%, 11/15/30

     5,500        5,761,690   

Series C, 6.50%, 11/15/28

     6,015        7,022,452   

Series C, 4.00%, 11/15/43

     1,300        1,115,660   

Series D, 5.25%, 11/15/41

     1,475        1,517,480   

Series H, 5.00%, 11/15/25

     1,000        1,092,200   

Sub-Series B, 5.00%, 11/15/25

     1,000        1,098,090   

Metropolitan Transportation Authority, Refunding RB:

    

Series B, 5.00%, 11/15/34

     2,500        2,597,775   

Series D, 5.00%, 11/15/30

     885        925,294   

Series D, 4.00%, 11/15/32

     740        680,941   

Series F, 5.00%, 11/15/30

     3,160        3,303,875   

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

     11,500        12,005,425   

New York State Thruway Authority, Refunding RB, General:

    

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

     5,000        5,155,750   

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

     1,250        1,292,238   

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

     1,030        1,065,195   

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

     15,450        16,063,828   

Series I, 5.00%, 1/01/24

     1,000        1,125,840   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013    5


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (continued)

  

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

    

Series I, 5.00%, 1/01/37

   $   5,635      $   5,793,231   

Series I, 5.00%, 1/01/42

     4,270        4,349,422   

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

     1,600        1,730,880   

Port Authority of New York & New Jersey, ARB:

    

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

     2,500        2,535,600   

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

     2,500        2,596,950   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 6.25%, 12/01/15

     7,830        8,199,811   

Special Project, JFK International Air Terminal LLC Project, Series 6, AMT (NPFGC), 5.90%, 12/01/17

     4,000        4,005,680   

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

     19,725        19,920,869   

Port Authority of New York & New Jersey, Refunding ARB:

    

179th Series, 5.00%, 12/01/38

     1,390        1,452,328   

147th Series, 4.75%, 4/15/37

     2,250        2,218,612   

178th Series, AMT, 5.00%, 12/01/43

     750        752,925   

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

    

3.50%, 7/15/35

     1,600        1,284,160   

4.00%, 1/15/43

     1,350        1,142,181   

Triborough Bridge & Tunnel Authority, Refunding RB:

    

General, CAB, Series B, 4.93%, 11/15/32 (b)

     7,400        2,942,166   

General, Remarketing, Series A, 5.00%, 11/15/36

     1,000        1,049,310   

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

     430        459,769   

Series C, 5.00%, 11/15/38

     1,385        1,427,880   

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

     3,650        3,665,366   
Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

                

Transportation (concluded)

  

Triborough Bridge & Tunnel Authority, Refunding RB (concluded):

    

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

   $   3,645      $   3,654,623   

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

     2,500        2,715,800   

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

     875        942,629   
    

 

 

 
               135,734,505   

Utilities — 9.3%

  

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

     3,500        3,620,190   

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

    

2nd General Resolution, Fiscal 2010, Series FF, 5.00%, 6/15/31

     1,500        1,597,815   

2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31

     1,000        1,065,210   

2nd General Resolution, Series DD, 5.00%, 6/15/32

     5,750        6,023,182   

2nd General Resolution, Series FF, 4.00%, 6/15/45

     1,975        1,739,916   

Series A (AGM), 4.25%, 6/15/39

     1,700        1,643,339   

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

    

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

     3,000        3,065,700   

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

     2,375        2,419,128   

Long Island Power Authority, Refunding RB:

    

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

     1,000        1,109,040   

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

     1,500        1,685,550   

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

     3,500        3,575,285   

New York State Environmental Facilities Corp., RB, Long Island Water Corp. Project, Series A, AMT (NPFGC), 4.90%, 10/01/34

     6,000        5,924,040   

 

                
6    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013   


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (concluded)

                

Utilities (concluded)

    

New York State Environmental Facilities Corp., Refunding RB, State Clean Water and Drinking Water Revolving, New York City Municipal Water Finance Authority Projects, 2nd General Resolution, Series B, 5.00%, 6/15/36

   $   3,200      $   3,368,224   

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

     2,580        2,720,197   
    

 

 

 
               39,556,816   
Total Municipal Bonds in New York              603,344,266   
    

Guam — 0.3%

                

Utility — 0.3%

  

 

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

     1,175        1,158,820   
    

Puerto Rico — 0.6%

                

Housing — 0.6%

  

 

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

     2,500        2,510,275   
Total Municipal Bonds143.0%              607,013,361   
    
   
Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)
 

New York — 23.3%

                

County/City/Special District/School District — 6.9%

  

City of New York New York, GO:

    

Series J, 5.00%, 5/15/23

     6,800        6,916,144   

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

     10,000        11,351,300   

City of New York New York Transitional Finance Authority, RB, Future Tax Secured, Fiscal 2012, Sub-Series D-1, 5.00%, 11/01/38

     1,650        1,727,930   

Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (e)

     6,000        6,401,112   
Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)
  

Par  

(000)

    Value  

New York (continued)

                

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

  

 

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

   $   2,610      $   2,710,328   
    

 

 

 
               29,106,814   

Education — 5.8%

    

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

     5,000        5,582,600   

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

    

5.25%, 7/01/29

     5,000        5,348,800   

5.00%, 7/01/35

     4,448        4,697,845   

New York State Dormitory Authority, RB:

    

5.00%, 7/01/38

     5,498        5,753,687   

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

     2,999        3,147,926   
    

 

 

 
               24,530,858   

State — 1.4%

    

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

     5,458        5,798,618   

Transportation — 5.8%

    

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

     7,002        7,429,863   

New York State Thruway Authority, Refunding RB, General, Series H (AGM), 5.00%, 1/01/37

     8,500        8,759,420   

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

     8,005        8,643,871   
    

 

 

 
               24,833,154   

Utilities — 3.4%

    

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System:

    

2nd General Resolution, Series FF-2, 5.50%, 6/15/40

     2,400        2,557,351   

Fiscal 2009, Series A, 5.75%, 6/15/40

     4,004        4,437,575   

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013    7


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

(Percentages shown are based on Net Assets)

 

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

Par  

(000)

    Value  

New York (concluded)

                

Utilities (concluded)

    

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

   $   7,151      $   7,574,605   
    

 

 

 
               14,569,531   
Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts
23.3%
             98,838,975   
Total Long-Term Investments
(Cost — $699,671,818) — 166.3%
             705,852,336   
    
   
Short-Term Securities               
Municipal Bonds — 0.5%                 

New York City Housing Development Corp., RB, VRDN, M/F Mortgage, 50th Avenue Development, Series A, 0.03%, 12/06/13 (f)

     600        600,000   

New York State HFA, HRB, VRDN, 175 West 60th Street Housing, Series A-1 (Manufacturers & Traders Trust Co. LOC), 0.04%, 12/06/13 (f)

     1,800        1,800,000   
    

 

 

 
Total Municipal Bonds0.5%              2,400,000   
Short-Term Securities        
Shares
    Value  

Money Market Fund — 1.0%

                

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

     4,130,409      $   4,130,409   
Total Short-Term Securities
(Cost — $6,530,409) — 1.5%
             6,530,409   
Total Investments
(Cost — $706,202,227*) — 167.8%
       712,382,745   
Other Assets Less Liabilities — 1.7%        7,234,875   

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (12.1%)

   

    (51,487,579
VRDP Shares, at Liquidation Value — (57.4%)        (243,600,000
 

 

 

 
Net Assets Applicable to Common Shares — 100.0%      $ 424,530,041   
 

 

 

 

 

*   As of November 30, 2013, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

  $ 655,289,934   
 

 

 

 

Gross unrealized appreciation

  $ 18,475,521   

Gross unrealized depreciation

    (12,851,861
 

 

 

 

Net unrealized appreciation

  $ 5,623,660   
 

 

 

 

 

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 $8,472,296.

 

(f)   Variable rate security. Rate shown is as of report date and maturity shown is the date the principal owed can be recovered through demand.

 

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

 

                
8    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013   


Schedule of Investments (continued)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

 

(h)   Investments in issuers considered to be an affiliate of the Fund during the period ended November 30, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   Shares Held
at August 31,
2013
    Net
Activity
    Shares Held
at November 30,
2013
    Income  

BIF New York Municipal Money Fund

    9,101,817        (4,971,408     4,130,409      $ 1   

 

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

 

Ÿ  

Financial futures contracts as of November 30, 2013 were as follows:

 

Contracts

Sold

    Issue   Exchange   Expiration   Notional
Value
    Unrealized
Appreciation
 
  (174   10-Year US Treasury Note   Chicago Board of Trade   December 2013   $ 22,035,469      $ 111,279   

 

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 MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013    9


Schedule of Investments (continued)    BlackRock MuniHoldings New York Quality Fund, Inc.  (MHN)

 

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 November 30, 2013:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments1

            $ 705,852,336                   $ 705,852,336   

Short-Term Securities

  $ 4,130,409           2,400,000                     6,530,409   
 

 

 

      

 

 

      

 

 

      

 

 

 

Total

  $ 4,130,409         $ 708,252,336                   $ 712,382,745   
 

 

 

      

 

 

      

 

 

      

 

 

 

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

      

     Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments2             

Assets:

                
Interest rate contracts   $ 111,279                             $ 111,279   

2   Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

      

 

                
10    BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 2013   


Schedule of Investments (concluded)

  

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)

 

Certain of the Fund’s assets and/or liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of November 30, 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

   $ 308,000                      $ 308,000   

Liabilities:

          

Bank overdraft

           $ (10,211             (10,211

TOB trust certificates

             (51,469,151             (51,469,151

VRDP shares

             (243,600,000             (243,600,000
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 308,000       $ (295,079,362           $ (294,771,362
  

 

 

    

 

 

    

 

 

   

 

 

 

There were no transfers between levels during the period ended November 30, 2013.

 

                
   BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.    NOVEMBER 30, 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 MuniHoldings New York Quality Fund, Inc.

 

By:  

/s/ John M. Perlowski

  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniHoldings New York Quality Fund, Inc.
Date:   January 24, 2014

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

 

By:  

/s/ John M. Perlowski

  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock MuniHoldings New York Quality Fund, Inc.
Date:   January 24, 2014

 

By:  

/s/ Neal J. Andrews

  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock MuniHoldings New York Quality Fund, Inc.
Date:   January 24, 2014