BLACKROCK NEW YORK MUNICIPAL INCOME TRUST

Regulatory Filings • Jun 26, 2009

N-Q 1 i00185_bny-nq.htm

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 811-10337

Name of Fund: BlackRock New York Municipal Income Trust (BNY)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New York Municipal Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2009

Date of reporting period: 04/30/2009

Item 1 – Schedule of Investments

insert report here

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds | Par (000) | Value |
| --- | --- | --- | --- |
| New York
- 125.5% | | | |
| Corporate
- 17.5% | Essex County, New York,
IDA, Environmental Improvement Revenue Bonds (International Paper Company
Project), AMT, Series A, 6.625%, 9/01/32 | $ 550 | $ 403,826 |
| | New York City, New York,
City IDA, Revenue Bonds (IAC/InterActiveCorp Project), 5%, 9/01/35 | 2,000 | 1,222,760 |
| | New York City, New York,
City IDA, Special Facility Revenue Bonds (American Airlines, Inc. - JFK
International Airport), AMT, 7.625%, 8/01/25 (t) | 3,200 | 2,438,592 |
| | New York City, New York,
City IDA, Special Facility Revenue Bonds (Continental Airlines Inc. Project),
AMT, 7.75%, 8/01/31 (t) | 4,000 | 2,991,320 |
| | New York Liberty
Development Corporation Revenue Bonds (Goldman Sachs Headquarters), 5.25%,
10/01/35 | 7,000 | 6,159,650 |
| | Port Authority of New York
and New Jersey, Special Obligation Revenue Bonds (Continental Airlines, Inc.
- LaGuardia Project), AMT, 9.125%, 12/01/15 | 8,340 | 8,346,172 |
| | Suffolk County, New York,
IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25%, 6/01/27 | 7,000 | 5,816,440 |
| | | | 27,378,760 |
| County/City/Special
District/School District - 24.1% | Hudson Yards
Infrastructure Corporation, New York, Revenue Bonds, Series A, 4.50%, 2/15/47
(a) | 1,750 | 1,324,872 |
| | Hudson Yards
Infrastructure Corporation, New York, Revenue Bonds, Series A, 5%, 2/15/47 | 1,000 | 817,610 |
| | New York City, New York,
City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 5%, 1/01/36
(b) | 4,900 | 3,984,729 |
| | New York City, New York,
City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 6.375%,
1/01/39 (c) | 150 | 164,096 |
| | New York City, New York,
City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 5%, 1/01/46
(b) | 250 | 197,813 |
| | New York City, New York,
City IDA, PILOT Revenue Bonds (Yankee Stadium Project), 5%, 3/01/36 (a) | 250 | 204,828 |
| | New York City, New York,
City IDA, Parking Facility Revenue Bonds (Royal Charter Properties Inc.-The
New York and Pennsylvania Hospital Leasehold
Project), 5.25%, 12/15/32 (d) | 1,550 | 1,540,561 |
| | New York City, New York,
City Transitional Finance Authority, Building Aid Revenue Bonds, Series S-2,
4.25%, 1/15/34 (a)(e) | 1,700 | 1,421,472 |
| | New York City, New York,
City Transitional Finance Authority, Building Aid Revenue Bonds, Series S-3,
5.25%, 1/15/39 | 650 | 636,539 |

| 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
list below. |

| AMT | Alternative Minimum Tax
(subject to) |
| --- | --- |
| GO | General Obligation Bonds |
| HFA | Housing Finance Agency |
| IDA | Industrial Development
Authority |
| IDR | Industrial Development
Revenue Bonds |
| M/F | Multi-Family |
| PILOT | Payment in Lieu of Taxes |
| TFABS | Tobacco Flexible
Amortization Bonds |

1

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds | Par (000) | Value |
| --- | --- | --- | --- |
| | New York City, New York,
City Transitional Finance Authority, Building Aid Revenue Refunding Bonds,
Series S-1, 4.50%, 1/15/38 | $ 750 | $ 648,105 |
| | New York City, New York,
City Transitional Finance Authority, Future Tax Secured Revenue Bonds, Series
C, 5%, 5/01/09 (f) | 1,495 | 1,510,144 |
| | New York City, New York,
GO, Series A-1, 4.75%, 8/15/25 | 1,000 | 989,650 |
| | New York City, New York,
GO, Series C, 5.375%, 3/15/12 (f) | 6,000 | 6,706,800 |
| | New York City, New York,
GO, Series D, 5.375%, 6/01/12 (f) | 2,200 | 2,477,442 |
| | New York City, New York,
GO, Series D, 5.375%, 6/01/32 | 4,000 | 4,029,720 |
| | New York City, New York,
GO, Sub-Series I-1, 5.375%, 4/01/36 | 1,750 | 1,777,493 |
| | New York City, New York,
IDA, Civic Facility Revenue Bonds (Marymount School of New York Project),
5.125%, 9/01/21 (g) | 750 | 609,495 |
| | New York City, New York,
IDA, Civic Facility Revenue Bonds (Marymount School of New York Project),
5.25%, 9/01/31 (g) | 2,000 | 1,402,900 |
| | New York Convention Center
Development Corporation, New York, Revenue Bonds (Hotel Unit Fee Secured),
5%, 11/15/44 (b) | 8,410 | 7,117,131 |
| | | | 37,561,400 |
| Education
- 19.4% | Albany, New York, IDA, Civic
Facility Revenue Bonds (New Covenant Charter School Project), Series A, 7%,
5/01/25 | 910 | 610,464 |
| | Albany, New York, IDA,
Civic Facility Revenue Bonds (New Covenant Charter School Project), Series A,
7%, 5/01/35 | 590 | 368,243 |
| | Dutchess County, New York,
IDA, Civic Facility Revenue Refunding Bonds (Bard College), Series A-2,
4.50%, 8/01/36 | 7,000 | 4,889,150 |
| | Madison County, New York,
IDA, Civic Facility Revenue Bonds (Colgate University Project), Series B, 5%,
7/01/33 | 2,000 | 1,999,860 |
| | Madison County, New York,
IDA, Civic Facility Revenue Bonds (Commons II LLC - Student Housing), Series
A, 5%, 6/01/33 (h) | 275 | 217,002 |
| | New York City, New York,
City IDA, Civic Facility Revenue Refunding Bonds (Polytechnic University),
5.25%, 11/01/37 (g) | 2,400 | 1,813,344 |
| | New York City, New York,
Trust for Cultural Resources Revenue Bonds (The Julliard School), Series A,
5%, 1/01/39 | 2,100 | 2,128,812 |
| | New York Liberty
Development Corporation Revenue Bonds (National Sports Museum Project),
Series A, 6.125%, 2/15/19 (i)(j) | 1,740 | 1,740 |
| | New York State Dormitory
Authority, Non-State Supported Debt Revenue Bonds (Manhattan College), Series
B, 5.30%, 7/01/37 (k) | 500 | 390,450 |
| | New York State Dormitory
Authority, Non-State Supported Debt Revenue Bonds (Rochester Institute of
Technology), Series A, 6%, 7/01/33 | 1,000 | 1,050,970 |
| | New York State Dormitory
Authority, Non-State Supported Debt, Revenue Refunding Bonds (Mount Sinai
School of Medicine of New York University), 5%, 7/01/35 (a) | 1,000 | 959,090 |

2

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds | Par (000) | Value |
| --- | --- | --- | --- |
| | New York State Dormitory
Authority, Non-State Supported Debt, Revenue Refunding Bonds (Teachers
College), 5.50%, 3/01/39 | $ 450 | $ 457,659 |
| | New York State Dormitory
Authority Revenue Bonds (New School University), 5%, 7/01/41 (a) | 9,000 | 8,482,770 |
| | New York State Dormitory
Authority Revenue Bonds (New York University), Series 2, 5%, 7/01/41 (b) | 5,000 | 4,936,600 |
| | Westchester County, New
York, IDA, Civic Facilities Revenue Bonds (Windward School Civic Facility),
5.25%, 10/01/31 (k) | 2,500 | 2,020,525 |
| | | | 30,326,679 |
| Health -
5.8% | Genesee County, New York,
IDA, Civic Facility Revenue Refunding Bonds (United Memorial Medical Center
Project), 5%, 12/01/27 | 500 | 302,610 |
| | New York State Dormitory Authority,
Non-State Supported Debt Revenue Bonds (New York University Hospitals
Center), Series B, 5.625%, 7/01/37 | 530 | 391,712 |
| | New York State Dormitory
Authority, Non-State Supported Debt Revenue Bonds (Presbyterian Hospital of
New York), 5.25%, 2/15/31 (d)(l) | 800 | 806,176 |
| | New York State Dormitory
Authority, Non-State Supported Debt, Revenue Refunding Bonds (Mount Sinai-NYU
Medical Center Health System), Series C, 5.50%, 7/01/26 | 3,000 | 2,858,850 |
| | New York State Dormitory
Authority Revenue Bonds (Hudson Valley Hospital Center), 5%, 8/15/36
(d)(l)(m) | 1,500 | 1,506,960 |
| | New York State Dormitory
Authority Revenue Bonds (North Shore -Long Island Jewish Health System),
5.50%, 5/01/13 (f) | 2,000 | 2,312,460 |
| | Suffolk County, New York, IDA,
Continuing Care and Retirement, Revenue Refunding Bonds (Jeffersons Ferry
Project), 5%, 11/01/28 | 1,175 | 850,829 |
| | | | 9,029,597 |
| Housing -
0.8% | New York State, HFA, M/F
Housing Revenue Bonds (Highland Avenue Senior Apartments), AMT, Series A, 5%,
2/15/39 (n) | 1,500 | 1,276,335 |
| State -
6.4% | New York State Dormitory
Authority, Mental Health Services Facilities Improvement, Revenue Bonds,
Series B, 5%, 2/15/35 (b) | 4,855 | 4,637,982 |
| | New York State Dormitory
Authority, Non-State Supported Debt, Lease Revenue Bonds (Municipal Health
Facilities Improvement Program), Sub-Series 2-4, 4.75%, 1/15/30 | 2,100 | 1,973,286 |
| | New York State Dormitory
Authority, Non-State Supported Debt, Revenue Refunding Bonds (School District
Financing Program), Series A, 5%, 10/01/35 (d) | 395 | 392,689 |
| | New York State Dormitory
Authority, Non-State Supported Debt, Revenue Refunding Bonds (School District
Financing Program), Series B, 5%, 4/01/36 (d) | 1,040 | 1,032,346 |
| | New York State Dormitory
Authority, State Personal Income Tax Revenue Bonds (Education), Series A, 5%,
3/15/38 | 250 | 251,535 |

3

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds | Par (000) | Value |
| --- | --- | --- | --- |
| | New York State Dormitory
Authority, State Personal Income Tax Revenue Bonds (Education), Series B,
5.75%, 3/15/36 | $ 600 | $ 647,802 |
| | New York State, GO, Series
A, 5%, 2/15/39 | 975 | 986,222 |
| | | | 9,921,862 |
| Tobacco -
11.5% | New York Counties Tobacco
Trust III, Tobacco Settlement Pass-Through Bonds, 6%, 6/01/43 | 6,700 | 4,950,161 |
| | Rensselaer Tobacco Asset
Securitization Corporation, New York, Tobacco Settlement Asset-Backed Revenue
Bonds, Series A, 5.75%, 6/01/43 | 2,500 | 1,776,575 |
| | Rockland Tobacco Asset
Securitization Corporation, New York, Tobacco Settlement Asset-Backed Revenue
Bonds, 5.75%, 8/15/43 | 5,000 | 3,551,300 |
| | TSASC, Inc., New York,
TFABS, Series 1, 6.375%, 7/15/09 (f) | 2,000 | 2,044,400 |
| | TSASC, Inc., New York,
TFABS, Series 1, 5.75%, 7/15/12 (f) | 3,000 | 3,417,090 |
| | Westchester Tobacco Asset
Securitization Corporation, New York, Revenue Bonds, 6.75%, 7/15/10 (f) | 2,000 | 2,168,880 |
| | | | 17,908,406 |
| Transportation
- 23.0% | Metropolitan
Transportation Authority, New York, Dedicated Tax Fund Revenue Bonds, Series
B, 5%, 11/15/34 | 500 | 485,250 |
| | Metropolitan
Transportation Authority, New York, Dedicated Tax Fund Revenue Refunding
Bonds, Series A, 5%, 11/15/30 | 12,000 | 11,984,040 |
| | Metropolitan
Transportation Authority, New York, Revenue Bonds, Series C, 6.50%, 11/15/28 | 750 | 827,632 |
| | Metropolitan
Transportation Authority, New York, Revenue Refunding Bonds, Series A,
5.125%, 11/15/31 | 10,500 | 10,139,115 |
| | New York City, New York,
IDA, Special Airport Facility Revenue Bonds (Aero JFK I, LLC Project), AMT,
Series A, 5.50%, 7/01/28 | 10,000 | 6,710,700 |
| | Port Authority of New York
and New Jersey, Special Obligation Revenue Bonds (JFK International Air
Terminal LLC), AMT, Series 6, 5.75%, 12/01/22 (a) | 7,000 | 5,799,990 |
| | | | 35,946,727 |
| Utilities
- 17.0% | Long Island Power
Authority, New York, Electric System Revenue Bonds, Series C, 5.25%, 9/01/29
(h) | 2,000 | 2,007,320 |
| | Long Island Power
Authority, New York, Electric System Revenue Refunding Bonds, Series A,
6.25%, 4/01/33 | 150 | 164,553 |
| | Long Island Power
Authority, New York, Electric System Revenue Refunding Bonds, Series A,
5.75%, 4/01/39 | 2,500 | 2,600,075 |
| | Long Island Power
Authority, New York, Electric System Revenue Refunding Bonds, Series B, 5%,
12/01/35 (h) | 2,350 | 2,221,196 |
| | New York City, New York,
City Municipal Water Finance Authority, Second General Resolution, Water and
Sewer System Revenue Bonds, Series AA, 4.50%, 6/15/37 (a) | 2,050 | 1,858,715 |
| | New York City, New York,
City Municipal Water Finance Authority, Second General Resolution, Water and
Sewer System Revenue Bonds, Series FF-2, 5.50%, 6/15/40 | 800 | 841,496 |

4

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds | Par (000) | Value |
| --- | --- | --- | --- |
| | New York City, New York,
City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds,
Series A, 5%, 6/15/32 (a)(e) | $ 4,000 | $ 4,010,160 |
| | New York City, New York,
City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds,
Series A, 5.75%, 6/15/40 | 1,200 | 1,288,404 |
| | New York City, New York,
City Municipal Water Finance Authority, Water and Sewer System, Revenue
Refunding Bonds, Series C, 5%, 6/15/32 | 6,500 | 6,516,510 |
| | New York City, New York,
City Municipal Water Finance Authority, Water and Sewer System, Revenue
Refunding Bonds, Series D, 5%, 6/15/39 | 5,000 | 5,007,550 |
| | | | 26,515,979 |
| | Total
Municipal Bonds in New York | | 195,865,745 |
| Multi-State
- 11.5% | | | |
| Housing -
11.5% | Charter Mac Equity Issuer
Trust, 6.30%, 6/30/49 (o)(p) | 6,000 | 6,032,100 |
| | Charter Mac Equity Issuer
Trust, 6.80%, 11/30/50 (o)(p) | 5,500 | 5,716,920 |
| | MuniMae TE Bond Subsidiary
LLC, 6.30%, 6/30/49 (o)(p) | 6,000 | 4,199,220 |
| | MuniMae TE Bond Subsidiary
LLC, 6.80%, 6/30/50 (p) | 3,000 | 1,949,610 |
| | Total
Municipal Bonds in Multi-State | | 17,897,850 |
| Guam -
0.3% | | | |
| Utilities
- 0.3% | Guam Government Waterworks
Authority, Water and Wastewater System, Revenue Refunding Bonds, 5.875%,
7/01/35 | 600 | 475,500 |
| Puerto
Rico - 14.4% | | | |
| Housing -
1.9% | Puerto Rico Housing
Financing Authority, Capital Funding Program, Subordinate Revenue Refunding
Bonds, 5.125%, 12/01/27 | 3,000 | 3,023,610 |
| State -
11.5% | Puerto Rico Public
Buildings Authority, Government Facilities Revenue Refunding Bonds, Series D,
5.25%, 7/01/12 (f) | 4,400 | 4,865,520 |
| | Puerto Rico Public
Buildings Authority, Government Facilities Revenue Refunding Bonds, Series D,
5.25%, 7/01/36 | 1,600 | 1,284,416 |
| | Puerto Rico Public Finance
Corporation, Commonwealth Appropriation Revenue Bonds, Series E, 5.70%,
2/01/10 (f) | 6,000 | 6,207,240 |
| | Puerto Rico Public Finance
Corporation, Commonwealth Appropriation Revenue Bonds, Series E, 5.50%,
2/01/12 (f) | 5,000 | 5,511,550 |
| | | | 17,868,726 |
| Utilities
- 1.0% | Puerto Rico Commonwealth
Aqueduct and Sewer Authority, Senior Lien Revenue Bonds, Series A, 6%,
7/01/38 | 1,100 | 1,063,194 |
| | Puerto Rico Electric Power
Authority, Power Revenue Refunding Bonds, Series VV, 5.25%, 7/01/29 (a) | 500 | 466,385 |
| | | | 1,529,579 |
| | Total
Municipal Bonds in Puerto Rico | | 22,421,915 |
| | Total
Municipal Bonds - 151.7% | | 236,661,010 |

5

| BlackRock New York Municipal Income
Trust | |
| --- | --- |
| Schedule
of Investments April 30, 2009 (Unaudited) | (Percentages shown are based on Net Assets) |

| | Municipal
Bonds Transferred to Tender Option Bond Trusts (q) | Par (000) | Value | |
| --- | --- | --- | --- | --- |
| New York
- 12.6% | | | | |
| Housing
-12.6% | New York State Mortgage
Agency, Homeowner Mortgage Revenue Bonds, AMT, 31st Series A, 5.30%, 10/01/31 | $ 15,500 | $ 14,871,475 | |
| | New York State Mortgage
Agency Revenue Bonds, AMT, Series 101, 5.40%, 4/01/32 | 5,078 | 4,841,011 | |
| | Total
Municipal Bonds Transferred to Tender Option Bond Trusts - 12.6% | | 19,712,486 | |
| | Total
Long-Term Investments (Cost - $280,087,485) - 164.3% | | 256,373,496 | |
| | Short-Term
Securities | Shares | | |
| Money
Market Fund - 1.6% | CMA New York Municipal
Money Fund, 0.18% (r)(s) | 2,534,657 | 2,534,657 | |
| | Total
Short-Term Securities (Cost - $2,534,657) - 1.6% | | 2,534,657 | |
| | Total
Investments (Cost - $282,622,142*) - 165.9% | | 258,908,153 | |
| | Other
Assets Less Liabilities - 2.1% | | 3,348,519 | |
| | Liability
for Trust Certificates, Including Interest Expense and Fees Payable - (6.6)% | | (10,294,326 | ) |
| | Preferred
Shares, at Redemption Value - (61.4)% | | (95,862,617 | ) |
| | Net
Assets Applicable to Common Shares - 100.0% | | $ 156,099,729 | |

• The cost and unrealized appreciation (depreciation) of investments as of April 30, 2009, as computed for federal income tax purposes, were as follows:

Aggregate cost	$
Gross unrealized
appreciation	$ 6,263,429
Gross unrealized depreciation	(27,621,173	)
Net unrealized
depreciation	$ (21,357,744	)

(a)	NPFGC Insured.
(b)	AMBAC Insured.
(c)	Assured Guaranty Insured.
(d)	FSA Insured.
(e)	FGIC Insured.
(f)	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.
(g)	ACA Insured.
(h)	CIFG Insured.
(i)	Issuer filed for
bankruptcy and/or is in default of interest payments.
(j)	Non-income producing
security.
(k)	Radian Insured.
(l)	FHA Insured.
(m)	BHAC Insured.
(n)	SONYMA Insured.
(o)	Security exempt from
registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration to qualified
institutional investors.
(p)	Security represents a
beneficial interest in a trust. The collateral deposited into the trust is
federally tax-exempt revenue bonds issued by various state or local
governments, or their respective agencies or authorities. The security is
subject to remarketing prior to its stated maturity, and is subject to
mandatory redemption at maturity.

6

| BlackRock New York Municipal Income
Trust |
| --- |
| Schedule
of Investments April 30, 2009 (Unaudited) |

| (q) | Securities represent bonds
transferred to a tender option bond trust in exchange for which the Trust
acquired the residual interest certificates. These securities serve as
collateral in a financing transaction. |
| --- | --- |
| (r) | Investments in companies
considered to be an affiliate of the Trust, for purposes of Section 2(a)(3)
of the Investment Company Act of 1940, were as follows: |

| Affiliate — CMA New York Municipal
Money Fund | (2,073,873 | ) | Income — $ 27,368 |
| --- | --- | --- | --- |

| (s) | Represents the current
yield as of report date. | |
| --- | --- | --- |
| (t) | Variable rate security.
Rate shown is as of report date. | |
| • | The Trust adopted
Financial Accounting Standards Board Statement of Financial Accounting
Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies
the definition of fair value, establishes a framework for measuring fair
values and requires additional disclosures about the use of fair value
measurements. Various inputs are used in determining the fair value of
investments, which are as follows: | |
| | • | Level 1 - price quotations
in active markets/exchanges for identical securities |
| | • | 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 in markets that are not active, inputs other than quoted
prices that are observable for the assets or liabilities (such as interest
rates, yield curves, volatilities, prepayment speeds, loss severities, credit
risks and default rates) or other market-corroborated inputs) |
| | • | Level 3 - unobservable
inputs based on the best information available in the circumstance, to the
extent observable inputs are not available (including the Trust’s own
assumption used in determining the fair value of investments) |
| | The inputs or methodology
used for valuing securities are not necessarily an indication of the risk
associated with investing in those securities. For information about the
Trust’s policy regarding valuation of investments and other significant
accounting policies, please refer to the Trust’s most recent financial
statements as contained in its semi-annual report. | |
| | The following table
summarizes the inputs used as of April 30, 2009 in determining the fair
valuation of the Trust’s investments: | |

Valuation Inputs	Investments in Securities Assets
	Assets
Level 1	$ 2,534,657
Level 2	256,373,496
Level 3	—
Total	$ 258,908,153

7

end of report

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 13(a)-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 New York Municipal Income Trust | |
| | By: | /s/ Donald C. Burke |
| | | Donald C. Burke |
| | | Chief Executive Officer of |
| | | BlackRock New York Municipal Income Trust |
| | Date: June 19, 2009 | |
| | 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/ Donald C. Burke |
| | | Donald C. Burke |
| | | Chief Executive Officer (principal executive officer) of |
| | | BlackRock New York Municipal Income Trust |
| | Date: June 19, 2009 | |
| | By: | /s/ Neal J. Andrews |
| | | Neal J. Andrews |
| | | Chief Financial Officer (principal financial officer) of |
| | | BlackRock New York Municipal Income Trust |
| | Date: June 19, 2009 | |