Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

 

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 811-6295

 

Nuveen New York Select Quality Municipal Fund, Inc.

(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:             9/30          

 

Date of reporting period:          12/31/12         

 

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.

 

 

 

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Item 1. Schedule of Investments

 

		Portfolio of Investments (Unaudited)
		Nuveen New York Select Quality Municipal Fund, Inc. (NVN)
		December 31, 2012
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		Consumer Staples – 2.5% (1.6% of Total Investments)
$    10,720		TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42	6/16 at 100.00	B+	$    9,194,758
		Education and Civic Organizations – 27.0% (17.8% of Total Investments)
2,500		Dormitory Authority of the State of New York, General Revenue Bonds, New York University,	No Opt. Call	AA–	3,292,750
		Series 2001-1, 5.500%, 7/01/40 – AMBAC Insured
3,000		Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,	7/17 at 100.00	A–	3,344,340
		Series 2007A, 5.250%, 7/01/32 – NPFG Insured
1,235		Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of	No Opt. Call	BBB	1,435,688
		Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
2,000		Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory	No Opt. Call	Aa2	2,048,560
		Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
1,835		Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory	7/15 at 100.00	Aa2	1,974,882
		Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
2,790		Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory	7/16 at 100.00	Aa2	3,057,701
		Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
6,215		Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory	7/19 at 100.00	Aa2	6,961,670
		Facilities, Series 2009A, 5.000%, 7/01/39
735		Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,	7/17 at 100.00	BBB	800,356
		5.000%, 7/01/37 – FGIC Insured
5,680		Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A,	4/21 at 100.00	AAA	6,633,331
		5.000%, 10/01/41
		Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,
		Series 2011:
1,000		5.625%, 11/01/35 – AGM Insured	5/21 at 100.00	AA–	1,186,160
1,020		5.750%, 11/01/40 – AGM Insured	5/21 at 100.00	AA–	1,210,944
995		Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,	7/17 at 100.00	AA–	1,101,366
		5.000%, 7/01/32 – AMBAC Insured
		Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A:
3,300		5.250%, 7/01/34	7/19 at 100.00	AA–	3,939,144
3,890		5.000%, 7/01/39	7/19 at 100.00	AA–	4,507,265
3,750		Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B,	7/19 at 100.00	AA–	4,345,050
		5.000%, 7/01/39
3,115		Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2012A,	7/22 at 100.00	AA–	3,696,041
		5.000%, 7/01/32
1,600		Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell	7/20 at 100.00	Aa1	1,839,552
		University, Series 2008C, 5.000%, 7/01/37
		Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology,
		Series 2006A:
775		5.250%, 7/01/20 – AMBAC Insured	No Opt. Call	A1	957,210
620		5.250%, 7/01/21 – AMBAC Insured	No Opt. Call	A1	771,857
3,545		Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate	No Opt. Call	AA+	4,014,429
		University, Tender Option Bond Trust 3127, 13.023%, 1/01/14 – AMBAC Insured (IF)
7,250		New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Horace	3/13 at 100.00	BBB	7,272,548
		Mann School, Series 1998, 5.000%, 7/01/28 – NPFG Insured
800		New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,	1/19 at 100.00	AA–	940,672
		Queens Baseball Stadium Project, Series 2009, 6.375%, 1/01/39 – AGC Insured
		New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
		Stadium Project, Series 2006:
2,000		5.000%, 1/01/36 – AMBAC Insured	1/17 at 100.00	Ba1	2,008,620
3,200		5.000%, 1/01/46 – AMBAC Insured	1/17 at 100.00	Ba1	3,202,304
1,905		New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project	3/19 at 100.00	AA–	2,327,015
		PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
		New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
		Project, Series 2006:
1,195		5.000%, 3/01/31 – FGIC Insured	9/16 at 100.00	BBB	1,258,443
9,735		5.000%, 3/01/36 – NPFG Insured	9/16 at 100.00	BBB	10,156,233
5,830		4.500%, 3/01/39 – FGIC Insured	9/16 at 100.00	BBB	5,920,831
2,000		New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of	7/14 at 100.00	AA	2,104,980
		Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
2,400		New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of	1/21 at 100.00	A	2,719,992
		American Art, Series 2011, 5.000%, 7/01/31
1,750		Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project,	7/22 at 100.00	Baa2	1,900,885
		Series 2012, 5.000%, 7/01/42
1,000		Onongada County Trust For Cultural Resources, New York, Revenue Bonds, Syracuse University	12/21 at 100.00	Aa3	1,159,250
		Project, Series 2011, 5.000%, 12/01/36
1,390		Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,	1/21 at 100.00	Aa3	1,626,370
		5.500%, 7/01/33 – AGM Insured
1,100		Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,	9/20 at 100.00	A–	1,221,187
		Series 2010A, 5.125%, 9/01/40
91,155		Total Education and Civic Organizations			100,937,626
		Financials – 1.8% (1.2% of Total Investments)
5,900		Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series	No Opt. Call	A	6,892,321
		2005, 5.250%, 10/01/35
		Health Care – 6.6% (4.4% of Total Investments)
2,660		Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011,	11/20 at 100.00	A3	3,217,110
		6.125%, 11/15/30
810		Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,	8/19 at 100.00	AA+	1,002,383
		Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
2,295		Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson	8/17 at 100.00	AA–	2,595,737
		Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
2,655		Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore	2/15 at 100.00	BBB	2,814,725
		Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
1,000		Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical	2/15 at 100.00	BBB	1,075,170
		Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
		Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc.,
		Series 2007B:
1,000		5.250%, 7/01/27 – AGC Insured	7/17 at 100.00	AA–	1,138,740
825		5.125%, 7/01/37 – AGC Insured	7/17 at 100.00	AA–	919,793
2,575		Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital,	8/14 at 100.00	AA–	2,778,992
		Series 2004A, 5.250%, 8/15/15 – AGM Insured
		New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,
		Series 2003A:
2,800		5.250%, 2/15/21 – AMBAC Insured	2/13 at 100.00	Aa3	2,814,392
3,065		5.250%, 2/15/22 – AMBAC Insured	2/13 at 100.00	Aa3	3,082,838
1,505		Suffolk County Economic Development Corp / Nassau County Local Economic Assistance &	7/21 at 100.00	A–	1,719,056
		Financing Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated
		Group Project, Series 2011, 5.000%, 7/01/28
1,320		Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series	11/20 at 100.00	A3	1,563,976
		2010-C2, 6.125%, 11/01/37
22,510		Total Health Care			24,722,912
		Housing/Multifamily – 2.5% (1.6% of Total Investments)
		New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
		Series 2005A:
1,470		5.000%, 7/01/14 – FGIC Insured	No Opt. Call	AA–	1,561,757
1,470		5.000%, 7/01/16 – FGIC Insured	7/15 at 100.00	AA–	1,625,600
5,445		New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,	7/15 at 100.00	AA–	5,906,682
		Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB) (4)
		New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project,
		Series 1996A:
30		6.100%, 11/01/15 – AGM Insured	3/13 at 100.00	AA–	30,140
170		6.125%, 11/01/20 – AGM Insured	3/13 at 100.00	AA–	170,437
8,585		Total Housing/Multifamily			9,294,616
		Tax Obligation/General – 14.6% (9.6% of Total Investments)
1,500		Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured	3/13 at 100.00	A2	1,514,565
745		Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured	No Opt. Call	A2	753,076
2,000		Erie County, New York, General Obligation Bonds, Series 2005A, 5.000%, 12/01/18 – NPFG Insured	12/15 at 100.00	A2	2,182,760
600		New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28	8/19 at 100.00	AA	713,970
3,000		New York City, New York, General Obligation Bonds, Fiscal 2012 Series F, 5.000%, 8/01/31	2/22 at 100.00	AA	3,532,620
1,000		New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/31	8/22 at 100.00	AA	1,186,080
3,300		New York City, New York, General Obligation Bonds, Fiscal 2013 Series A-1, 5.000%, 10/01/33	10/22 at 100.00	AA	3,886,278
6,500		New York City, New York, General Obligation Bonds, Fiscal 2013 Series C, 5.000%, 8/01/28	8/22 at 100.00	AA	7,788,170
		New York City, New York, General Obligation Bonds, Fiscal Series 1998H:
85		5.125%, 8/01/25 – NPFG Insured	3/13 at 100.00	AA	85,332
70		5.375%, 8/01/27 – NPFG Insured	3/13 at 100.00	AA	70,257
2,900		New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –	3/15 at 100.00	AA	3,169,439
		FGIC Insured
1,385		New York City, New York, General Obligation Bonds, Series 2011D-I, 5.000%, 10/01/29	10/21 at 100.00	AA	1,633,497
		New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012:
2,700		5.000%, 4/01/26	4/22 at 100.00	AA	3,251,799
2,890		5.000%, 4/01/29	4/22 at 100.00	AA	3,429,447
		New York City, New York, General Obligation Bonds, Series 2004E:
3,250		5.000%, 11/01/19 – AGM Insured (UB)	11/14 at 100.00	AA	3,515,720
1,650		5.000%, 11/01/20 – AGM Insured (UB)	11/14 at 100.00	AA	1,784,904
		Rensselaer County, New York, General Obligation Bonds, Series 1991:
960		6.700%, 2/15/16 – AMBAC Insured	No Opt. Call	AA–	1,128,662
960		6.700%, 2/15/17 – AMBAC Insured	No Opt. Call	AA–	1,172,592
960		6.700%, 2/15/18 – AMBAC Insured	No Opt. Call	AA–	1,214,918
960		6.700%, 2/15/19 – AMBAC Insured	No Opt. Call	AA–	1,258,886
960		6.700%, 2/15/20 – AMBAC Insured	No Opt. Call	AA–	1,289,453
747		6.700%, 2/15/21 – AMBAC Insured	No Opt. Call	AA–	1,027,446
		Rochester, New York, General Obligation Bonds, Series 1999:
735		5.250%, 10/01/20 – NPFG Insured	No Opt. Call	Aa3	917,339
735		5.250%, 10/01/21 – NPFG Insured	No Opt. Call	Aa3	924,645
730		5.250%, 10/01/22 – NPFG Insured	No Opt. Call	Aa3	923,516
730		5.250%, 10/01/23 – NPFG Insured	No Opt. Call	Aa3	920,939
730		5.250%, 10/01/24 – NPFG Insured	No Opt. Call	Aa3	933,276
730		5.250%, 10/01/25 – NPFG Insured	No Opt. Call	Aa3	939,955
725		5.250%, 10/01/26 – NPFG Insured	No Opt. Call	Aa3	939,252
2,190		Yonkers, New York, General Obligation Bonds, Series 2005B, 5.000%, 8/01/19 – NPFG Insured	8/15 at 100.00	BBB+	2,343,650
46,427		Total Tax Obligation/General			54,432,443
		Tax Obligation/Limited – 55.6% (36.6% of Total Investments)
7,145		Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School District	3/13 at 100.00	BBB	7,172,294
		Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured
3,610		Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2,	7/14 at 100.00	AA–	3,853,025
		5.000%, 7/01/20 – FGIC Insured
		Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities
		Improvements, Series 2005D-1:
670		5.000%, 2/15/15 – FGIC Insured	No Opt. Call	AA–	731,995
1,715		5.000%, 8/15/23 – FGIC Insured	2/15 at 100.00	AA–	1,858,254
20		Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,	3/13 at 100.00	A+	20,077
		Series 2002D, 5.250%, 10/01/23 – NPFG Insured
20,000		Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General	3/21 at 100.00	AAA	22,865,998
		Purpose Series 2011C, 5.000%, 3/15/41
55		Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series	3/13 at 100.00	AAA	60,249
		2005F, 5.000%, 3/15/21 – AGM Insured
3,300		Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo	5/19 at 100.00	AA–	3,777,246
		City School District Project, Series 2009A, 5.000%, 5/01/31
7,545		Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo	5/17 at 100.00	AA–	8,737,035
		City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
2,390		Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo	5/18 at 100.00	AA–	2,828,565
		City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)
5,400		Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series	2/21 at 100.00	A	6,416,928
		2011A, 5.750%, 2/15/47
		Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:
14,405		5.000%, 2/15/47 – FGIC Insured	2/17 at 100.00	A	15,239,625
2,100		5.000%, 2/15/47 – AGM Insured	2/17 at 100.00	AA–	2,233,308
2,415		Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series	11/22 at 100.00	AA	2,901,574
		2012A, 5.000%, 11/15/29
2,000		Metropolitan Transportation Authority, New York, State Service Contract Refunding Bond, Series	No Opt. Call	AA–	2,460,180
		2002A, 5.750%, 7/01/18 – AGM Insured (UB)
1,205		New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local	10/14 at 100.00	AAA	1,286,579
		Government Assistance Corporation, Series 2004A, 5.000%, 10/15/32 – AMBAC Insured
		New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
		Government Assistance Corporation, Series 2004A:
3,640		5.000%, 10/15/25 – NPFG Insured (UB) (4)	10/14 at 100.00	AAA	3,918,424
1,960		5.000%, 10/15/26 – NPFG Insured (UB) (4)	10/14 at 100.00	AAA	2,098,474
5,420		5.000%, 10/15/29 – AMBAC Insured (UB) (4)	10/14 at 100.00	AAA	5,791,920
1,500		5.000%, 10/15/32 – AMBAC Insured (UB) (4)	10/14 at 100.00	AAA	1,601,550
5,600		New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series	1/17 at 100.00	AA–	6,277,152
		2007S-2, 5.000%, 1/15/28 – FGIC Insured
		New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
		Series E-1:
2,370		5.000%, 2/01/35	2/22 at 100.00	AAA	2,765,909
2,890		5.000%, 2/01/37	2/22 at 100.00	AAA	3,340,291
3,000		5.000%, 2/01/42	2/22 at 100.00	AAA	3,459,720
17,200		New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012	5/22 at 100.00	AAA	19,883,027
		Series F-1, 5.000%, 5/01/39
60		New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series	2/13 at 100.00	AAA	60,242
		2003E, 5.250%, 2/01/22 – NPFG Insured
3,800		New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series	5/17 at 100.00	AAA	4,313,456
		2007B, 5.000%, 11/01/30
4,000		New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,	11/20 at 100.00	AAA	4,806,200
		Subordinate Lien Series 2011C, 5.500%, 11/01/35
1,660		New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%,	4/21 at 100.00	AA+	2,010,941
		4/01/33 – AGM Insured
		New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option
		Bonds Trust 3095:
835		13.599%, 11/15/30 – AMBAC Insured (IF) (4)	11/15 at 100.00	AA+	1,000,088
3,955		13.585%, 11/15/44 – AMBAC Insured (IF) (4)	11/15 at 100.00	AA+	4,551,137
1,000		New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series	4/14 at 100.00	AA	1,056,880
		2004A, 5.000%, 4/01/22 – NPFG Insured
		New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
		Series 2005B:
8,455		5.500%, 4/01/20 – AMBAC Insured	No Opt. Call	AA	10,766,597
1,500		5.000%, 4/01/21 – AMBAC Insured	10/15 at 100.00	AA	1,668,735
1,000		New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A,	9/14 at 100.00	AAA	1,073,940
		5.000%, 3/15/24 – AMBAC Insured
1,600		New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A,	9/20 at 100.00	AAA	1,904,032
		5.000%, 3/15/29
		New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
		State Contingency Contract-Backed Bonds, Series 2003A-1:
11,100		5.250%, 6/01/20 – AMBAC Insured	6/13 at 100.00	AA–	11,321,666
1,000		5.250%, 6/01/21 – AMBAC Insured	6/13 at 100.00	AA–	1,019,630
4,565		5.250%, 6/01/22 – AMBAC Insured	6/13 at 100.00	AA–	4,653,835
400		New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series	3/15 at 100.00	AAA	419,600
		2005B, 5.000%, 3/15/30 – AGM Insured
4,000		Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series	No Opt. Call	AA–	4,364,720
		2002E, 5.500%, 7/01/18 – AGM Insured
		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
		Series 2010A:
2,000		0.000%, 8/01/33	8/29 at 100.00	A+	1,677,380
2,500		5.000%, 8/01/40 – AGM Insured	2/20 at 100.00	AA–	2,598,825
1,175		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series	8/20 at 100.00	AA–	1,233,633
		2010C, 5.125%, 8/01/42 – AGM Insured
24,900		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,	No Opt. Call	AA–	5,668,983
		0.000%, 8/01/39
		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
53,475		0.000%, 8/01/46 – NPFG Insured	No Opt. Call	AA–	7,694,518
16,120		0.000%, 8/01/47 – AMBAC Insured	No Opt. Call	AA–	2,154,277
266,655		Total Tax Obligation/Limited			207,598,714
		Transportation – 8.4% (5.5% of Total Investments)
		Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
1,900		4.750%, 11/15/27 – NPFG Insured	11/15 at 100.00	AA–	2,072,083
4,000		4.750%, 11/15/30 – AMBAC Insured	11/15 at 100.00	A	4,288,640
1,000		Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A,	11/21 at 100.00	A	1,117,160
		5.000%, 11/15/41
5,195		Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012C,	11/22 at 100.00	A	5,861,363
		5.000%, 11/15/41
2,280		New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,	11/21 at 100.00	A+	2,561,945
		Series 2011, 5.000%, 11/15/44
955		New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,	1/18 at 100.00	A+	1,097,295
		1/01/25 – FGIC Insured
		New York State Thruway Authority, General Revenue Bonds, Series 2005F:
2,625		5.000%, 1/01/20 – AMBAC Insured	1/15 at 100.00	A+	2,839,226
425		5.000%, 1/01/30 – AMBAC Insured	1/15 at 100.00	A+	456,165
1,650		New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –	7/15 at 100.00	AA–	1,794,375
		AGM Insured (UB)
1,675		Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth	6/15 at 101.00	AA–	1,814,511
		Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured
1,170		Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty	8/17 at 100.00	AA–	1,693,364
		Eighth Series 2008, Tender Option Bond Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)
		Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
		Refunding Bonds, Series 2002E:
1,570		5.500%, 11/15/20 – NPFG Insured	No Opt. Call	A+	2,004,498
3,800		5.250%, 11/15/22 – NPFG Insured	3/13 at 100.00	A+	3,814,858
28,245		Total Transportation			31,415,483
		U.S. Guaranteed – 10.9% (7.2% of Total Investments) (4)
		Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer
		Center, Series 2003-1:
1,750		5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured	7/13 at 100.00	AA (4)	1,791,108
3,210		5.000%, 7/01/22 (Pre-refunded 7/01/13) – NPFG Insured	7/13 at 100.00	AA (4)	3,285,403
2,085		Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian	8/14 at 100.00	AA– (4)	2,239,040
		Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured
1,035		Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series	3/15 at 100.00	AA– (4)	1,138,635
		2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
505		Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial	4/13 at 101.59	N/R (4)	540,375
		Facilities, Series 1991A, 9.500%, 4/15/14 – FGIC Insured (ETM)
1,700		Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo	5/14 at 100.00	AA– (4)	1,822,893
		City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured
11,000		Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A,	10/15 at 100.00	AA+ (4)	12,262,359
		4.750%, 4/01/28 (Pre-refunded 10/01/15) – FGIC Insured
		Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A:
4,000		5.000%, 4/01/17 (Pre-refunded 10/01/14) – AGM Insured	10/14 at 100.00	AA+ (4)	4,321,640
3,250		5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured	10/14 at 100.00	AA+ (4)	3,511,333
		Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,
		Series 2003A:
4,000		5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured	11/13 at 100.00	AAA	4,165,240
1,560		4.750%, 11/15/21 (Pre-refunded 11/15/13) – AMBAC Insured	11/13 at 100.00	AAA	1,621,058
1,560		4.750%, 11/15/22 (Pre-refunded 11/15/13) – AMBAC Insured	11/13 at 100.00	AAA	1,621,058
210		New York City Municipal Water Finance Authority, New York, Water and Sewerage System	6/14 at 100.00	Aa1 (4)	224,343
		Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 (Pre-refunded 6/15/14) – AMBAC Insured
2,000		New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series	2/14 at 100.00	AAA	2,101,880
		2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
100		New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,	3/15 at 100.00	AA– (4)	110,013
		Series 2005B, 5.000%, 3/15/30 (Pre-refunded 3/15/15) – AGM Insured
37,965		Total U.S. Guaranteed			40,756,378
		Utilities – 12.4% (8.2% of Total Investments)
900		Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured	10/20 at 100.00	AA–	959,103
295		Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34	10/22 at 100.00	BBB	329,052
		Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A:
4,000		0.000%, 6/01/24 – AGM Insured	No Opt. Call	AA–	2,919,560
4,000		0.000%, 6/01/25 – AGM Insured	No Opt. Call	AA–	2,798,720
15,000		0.000%, 6/01/26 – AGM Insured	No Opt. Call	AA–	10,013,250
3,000		0.000%, 6/01/27 – AGM Insured	No Opt. Call	AA–	1,915,830
4,500		0.000%, 6/01/28 – AGM Insured	No Opt. Call	AA–	2,739,645
3,000		0.000%, 6/01/29 – AGM Insured	No Opt. Call	AA–	1,731,810
		Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
6,010		5.000%, 12/01/23 – FGIC Insured	6/16 at 100.00	A	6,674,826
7,735		5.000%, 12/01/25 – FGIC Insured	6/16 at 100.00	A	8,560,789
4,000		5.000%, 12/01/26 – AGC Insured	6/16 at 100.00	AA+	4,427,040
750		Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,	6/16 at 100.00	A	817,733
		5.000%, 12/01/35 – CIFG Insured
1,830		Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue	No Opt. Call	BB+	1,860,506
		Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24
650		Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,	11/15 at 100.00	Aa2	729,950
		11/15/19 – FGIC Insured
55,670		Total Utilities			46,477,814
		Water and Sewer – 9.5% (6.3% of Total Investments)
5,000		New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue	6/19 at 100.00	AA+	5,976,000
		Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
2,000		New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue	6/17 at 100.00	AA+	2,227,420
		Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37
3,455		New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue	6/16 at 100.00	AAA	3,826,965
		Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
5,920		New York City Municipal Water Finance Authority, New York, Water and Sewerage System	6/15 at 100.00	AAA	6,467,955
		Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)
2,790		New York City Municipal Water Finance Authority, New York, Water and Sewerage System	6/14 at 100.00	AAA	2,932,206
		Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
5,000		New York City Municipal Water Finance Authority, New York, Water and Sewerage System	6/13 at 100.00	AAA	5,088,250
		Revenue Refunding Bonds, Fiscal Series 2003E, 5.000%, 6/15/34
7,100		Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,	6/15 at 100.00	AAA	7,514,427
		6/01/28 – NPFG Insured
2,230		Upper Mohawk Valley Regional Water Finance Authority, New York, Water System Revenue Bonds,	No Opt. Call	A1	1,632,360
		Series 2000, 0.000%, 4/01/23 – AMBAC Insured
33,495		Total Water and Sewer			35,665,583
$    607,327		Total Investments (cost $519,935,026) – 151.8%			567,388,648
		Floating Rate Obligations – (8.7)%			(32,660,000)
		Variable Rate Demand Preferred Shares, at Liquidation Value – (44.1)% (6)			(164,800,000)
		Other Assets Less Liabilities – 1.0%			3,780,809
		Net Assets Applicable to Common Shares – 100%			$   373,709,457

 

 

 

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Fair Value Measurements

 

Fair value is defined as the price that the Fund would receive 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
Long-Term Investments:
Municipal Bonds	$ —	$567,388,648	$ —	$567,388,648

 

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

 

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

 

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

 

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 December 31, 2012, the cost of investments was $490,723,088.

 

Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	49,453,570
Depreciation		(5,467,487	)
Net unrealized appreciation (depreciation) of investments	$	43,986,083

 

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(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)		Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.0%.
N/R		Not rated.
(ETM)		Escrowed to maturity.
(IF)		Inverse floating rate investment.
(UB)		Underlying bond of an inverse floating rate trust reflected as a financing transaction.

 

 

 

 

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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.

 

 

 

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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 Quality Municipal Fund, Inc. 

 

By (Signature and Title)     /s/ Kevin J. McCarthy                    

                                                   Kevin J. McCarthy

                                                   Vice President and Secretary

 

Date:          March 1, 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 (Signature and Title)     /s/ Gifford R. Zimmerman                    

                                                    Gifford R. Zimmerman

                                                  Chief Administrative Officer (principal executive officer) 

 

Date:          March 1, 2013        

 

By (Signature and Title)     /s/ Stephen D. Foy                              

                                                   Stephen D. Foy

                                                  Vice President and Controller (principal financial officer) 

 

Date:          March 1, 2013