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NUVEEN NEW YORK SELECT TAX -FREE INCOME PORTFOLIO

Regulatory Filings Aug 29, 2007

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N-Q 1 nq1.htm NXN Form 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 811-6624

Nuveen New York Select Tax-Free Income Portfolio (Exact name of registrant as specified in charter)

Nuveen Investments 333 West Wacker Drive, Chicago, Illinois 60606 (Address of principal executive offices) (Zip code)

Kevin J. McCarthy—Vice President and Secretary 333 West Wacker Drive, Chicago, Illinois 60606 (Name and address of agent for service)

Registrant's telephone number, including area code: 312-917-7700

Date of fiscal year end: 3/31

Date of reporting period: 6/30/07

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)
Nuveen New York Select Tax-Free Income Portfolio (NXN)
June 30, 2007
Principal Optional Call
Amount (000) Description Provisions (1) Ratings (2) Value
Consumer Discretionary – 0.1%
$ 100 New York City Industrial Development Agency, New York, Liberty Revenue Bonds, 9/15 at 100.00 BBB– $ 102,119
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
Consumer Staples – 1.8%
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
470 4.750%, 6/01/22 6/16 at 100.00 BBB 469,234
540 5.000%, 6/01/26 6/16 at 100.00 BBB 545,438
1,010 Total Consumer Staples 1,014,672
Education and Civic Organizations – 9.8%
100 Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series 7/17 at 100.00 BBB 100,312
2007A, 5.000%, 7/01/31
50 Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter 4/17 at 100.00 N/R 49,881
Schools, Series 2007A, 5.000%, 4/01/37
1,700 Amherst Industrial Development Agency, New York, Revenue Bonds, UBF Faculty/Student Housing 8/12 at 101.00 AAA 1,758,310
Corporation, University of Buffalo Creekside Project, Series 2002A, 5.000%, 8/01/22 –
AMBAC Insured
30 Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure 5/16 at 100.00 BBB– 30,179
University, Series 2006, 5.000%, 5/01/23
430 Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series 7/17 at 100.00 AA 439,684
2007A, 5.000%, 7/01/41 – RAAI Insured
785 Dormitory Authority of the State of New York, Insured Revenue Bonds, Iona College, Series 7/12 at 100.00 AAA 805,418
2002, 5.000%, 7/01/22 – XLCA Insured
315 Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue No Opt. Call AAA 330,804
Bonds, City University System, Series 1990C, 7.500%, 7/01/10 – FGIC Insured
430 Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard 8/17 at 100.00 A3 396,589
College Project, Series 2007-A2, 4.500%, 8/01/36
100 Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University, 10/15 at 100.00 102,404
Civic Facility Project, Series 2005, 5.000%, 10/01/35
100 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St. 10/14 at 100.00 101,930
Francis College, Series 2004, 5.000%, 10/01/34
500 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of 2/11 at 100.00 511,865
Greater New York, Series 2002, 5.250%, 8/01/21
450 New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium 9/16 at 100.00 AAA 466,214
Project, Series 2006, 5.000%, 3/01/36 – MBIA Insured
200 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing 2/09 at 101.00 BBB– 204,078
Authority, Higher Education Revenue Bonds, Ana G. Mendez University System, Series 1999,
5.375%, 2/01/19
65 Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic 10/17 at 100.00 BBB 65,593
College, Series 2007, 5.000%, 10/01/27
5,255 Total Education and Civic Organizations 5,363,261
Health Care – 12.9%
450 Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore 2/15 at 100.00 AAA 464,166
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
Dormitory Authority of the State of New York, Revenue Bonds, Lenox Hill Hospital Obligated
Group, Series 2001:
110 5.375%, 7/01/20 7/11 at 101.00 Ba2 112,784
100 5.500%, 7/01/30 7/11 at 101.00 Ba2 102,836
500 Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer 7/16 at 100.00 AA 514,795
Center, Series 2006-1, 5.000%, 7/01/35
670 Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer 7/13 at 100.00 AAA 697,651
Center, Series 2003-1, 5.000%, 7/01/21 – MBIA Insured
410 Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian 8/14 at 100.00 AAA 438,421
Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured
1,680 Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University 7/11 at 101.00 AAA 1,762,874
Health System Obligated Group, Series 2001A, 5.250%, 7/01/17 – AMBAC Insured
1,195 Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University 7/11 at 101.00 AAA 1,253,949
Health System Obligated Group, Series 2001B, 5.250%, 7/01/17 – AMBAC Insured
500 Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University 7/13 at 100.00 Baa1 519,130
Hospital Association, Series 2003A, 5.500%, 7/01/32
750 New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2/13 at 100.00 AAA 787,155
2003A, 5.250%, 2/15/21 – AMBAC Insured
250 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten 7/12 at 101.00 B2 266,345
Island University Hospital, Series 2002C, 6.450%, 7/01/32
160 New York State Dormitory Authority, Revenue Bonds, North Shore Jewish Obligated Group, Series 5/17 at 100.00 A3 163,421
2007A, 5.000%, 5/01/32
6,775 Total Health Care 7,083,527
Housing/Multifamily – 2.7%
1,000 New Hartford-Sunset Woods Funding Corporation, New York, FHA-Insured Mortgage Revenue Bonds, 8/12 at 101.00 AAA 1,045,790
Sunset Woods Apartments II Project, Series 2002, 5.350%, 2/01/20
250 New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, 5/14 at 100.00 AA 258,760
Series 2004A, 5.250%, 11/01/30
160 New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, 11/15 at 100.00 AA 159,867
Series 2005F-1, 4.750%, 11/01/35
1,410 Total Housing/Multifamily 1,464,417
Housing/Single Family – 8.3%
2,000 New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 101, 10/11 at 100.00 Aa1 2,026,220
5.000%, 10/01/18 (Alternative Minimum Tax)
2,500 New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%, 4/11 at 100.00 Aaa 2,529,024
10/01/31 (Alternative Minimum Tax)
4,500 Total Housing/Single Family 4,555,244
Long-Term Care – 11.6%
2,000 Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds, 8/11 at 101.00 AAA 2,085,859
Norwegian Christian Home and Health Center, Series 2001, 5.200%, 8/01/36 – MBIA Insured
100 Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens 11/16 at 100.00 Aa3 102,294
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
50 Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005, 7/15 at 100.00 A 50,427
5.000%, 7/01/35 – ACA Insured
2,000 East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds, 8/12 at 101.00 AAA 2,047,340
Jewish Home of Rochester, Series 2002, 4.625%, 2/15/17
1,000 East Rochester Housing Authority, New York, Revenue Bonds, GNMA/FHA-Secured Revenue Bonds, St. 12/12 at 103.00 AAA 1,052,080
Mary’s Residence Project, Series 2002A, 5.375%, 12/20/22
1,000 New York City Industrial Development Agency, New York, GNMA Collateralized Mortgage Revenue 11/12 at 101.00 AA+ 1,016,220
Bonds, Eger Harbor House Inc., Series 2002A, 4.950%, 11/20/32
6,150 Total Long-Term Care 6,354,220
Tax Obligation/General – 6.6%
Clarkstown, Rickland County, New York, Various Purposes Serial Bonds, Series 1992:
505 5.600%, 6/15/10 – AMBAC Insured No Opt. Call AAA 529,311
525 5.600%, 6/15/11 – AMBAC Insured No Opt. Call AAA 557,219
525 5.600%, 6/15/12 – AMBAC Insured No Opt. Call AAA 566,517
405 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 2/17 at 100.00 AAA 383,738
4.500%, 2/15/47 – MBIA Insured (UB)
300 New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16 8/14 at 100.00 AA 318,342
500 New York City, New York, General Obligation Bonds, Fiscal Series 2004E, 5.000%, 11/01/19 – 11/14 at 100.00 AAA 523,725
FSA Insured
200 New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – 3/15 at 100.00 AAA 209,814
FGIC Insured
500 West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds, 10/15 at 100.00 Aaa 531,215
Series 2005, 5.000%, 10/01/16 – FSA Insured
3,460 Total Tax Obligation/General 3,619,881
Tax Obligation/Limited – 16.3%
600 Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.000%, 11/01/23 11/13 at 100.00 AAA 623,088
300 Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities No Opt. Call AAA 317,781
Improvements, Series 2005D1, 5.000%, 2/15/15 – FGIC Insured
500 Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 5/14 at 100.00 AAA 549,050
City School District, Series 2004, 5.750%, 5/01/26 – FSA Insured
500 Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, 7/12 at 100.00 AAA 532,435
Series 2002A, 5.500%, 1/01/20 – MBIA Insured
95 Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 11/07 at 100.00 AAA 95,496
2001A-2, 5.125%, 11/15/21 – AMBAC Insured
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
Government Assistance Corporation, Series 2004A:
250 5.000%, 10/15/25 – MBIA Insured 10/14 at 100.00 AAA 259,970
200 5.000%, 10/15/26 – MBIA Insured 10/14 at 100.00 AAA 207,722
1,225 5.000%, 10/15/29 – AMBAC Insured 10/14 at 100.00 AAA 1,270,742
600 New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 1/17 at 100.00 AAA 625,188
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
670 New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2/13 at 100.00 AAA 694,066
Series 2003E, 5.000%, 2/01/23
550 New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 11/17 at 100.00 AAA 575,515
Series 2007C-1, 5.000%, 11/01/27
250 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation, 4/14 at 100.00 AAA 261,193
Series 2004, 5.000%, 4/01/21 – MBIA Insured
570 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation, No Opt. Call AAA 638,069
Series 2005B, 5.500%, 4/01/20 – AMBAC Insured
425 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007, 10/17 at 100.00 AA 443,160
5.000%, 4/01/27
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
State Contingency Contract-Backed Bonds, Series 2003A-1:
1,000 5.250%, 6/01/20 – AMBAC Insured 6/13 at 100.00 AAA 1,055,320
250 5.250%, 6/01/21 – AMBAC Insured 6/13 at 100.00 AAA 263,295
500 New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and 6/13 at 100.00 AA– 533,885
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
45 Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E, No Opt. Call AA– 47,026
7.250%, 1/01/10
8,530 Total Tax Obligation/Limited 8,993,001
Transportation – 2.3%
180 Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25 7/11 at 101.00 BBB+ 189,013
500 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A, No Opt. Call AAA 531,540
5.000%, 11/15/15 – FGIC Insured
50 New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 – 1/15 at 100.00 AAA 51,690
AMBAC Insured
100 New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – 7/15 at 100.00 AAA 103,704
FSA Insured
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
Series 2005:
250 5.000%, 12/01/19 – FSA Insured 6/15 at 101.00 AAA 264,283
105 5.000%, 12/01/31 – XLCA Insured 6/15 at 101.00 AAA 109,118
1,185 Total Transportation 1,249,348
U.S. Guaranteed – 9.2% (3)
220 Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25 7/11 at 101.00 N/R (3) 236,232
(Pre-refunded 7/15/11)
1,165 Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk No Opt. Call AAA 1,347,276
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
250 Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish 5/13 at 100.00 Aaa 268,200
Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)
320 Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A, 6/08 at 101.00 AAA 327,373
5.125%, 12/01/22 (Pre-refunded 6/01/08) – FSA Insured
750 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation, 4/13 at 100.00 AAA 800,310
Series 2003A, 5.250%, 4/01/23 (Pre-refunded 4/01/13) – MBIA Insured
500 New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State 3/13 at 100.00 AAA 539,645
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured
415 Suffolk County Water Authority, New York, Water Revenue Bonds, Series 1986V, 6.750%, 6/01/12 (ETM) No Opt. Call AAA 446,864
1,005 TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24 7/12 at 100.00 AAA 1,062,647
(Pre-refunded 7/15/12)
4,625 Total U.S. Guaranteed 5,028,547
Utilities – 3.9%
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
570 5.000%, 12/01/23 – FGIC Insured 6/16 at 100.00 AAA 595,205
430 5.000%, 12/01/25 – FGIC Insured 6/16 at 100.00 AAA 447,084
250 Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 6/16 at 100.00 AAA 258,073
5.000%, 12/01/35 – CIFG Insured
500 New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New 3/08 at 101.50 AAA 500,095
York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – MBIA Insured
250 Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue 11/11 at 101.00 Baa2 259,045
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory
put 11/15/12) (Alternative Minimum Tax)
60 Westchester County Industrial Development Agency, Westchester County, New York, Resource 7/07 at 101.00 BBB 60,622
Recovery Revenue Bonds, RESCO Company, Series 1996, 5.500%, 7/01/09 (Alternative Minimum Tax)
2,060 Total Utilities 2,120,124
Water and Sewer – 13.1%
2,500 New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue 6/11 at 101.00 AA+ 2,584,449
Bonds, Fiscal Series 2001C, 5.125%, 6/15/33
450 New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue 6/17 at 100.00 AA 465,156
Bonds, Fiscal Series 2007DD, 5.000%, 6/15/38
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Loan,
Series 2002B:
2,000 5.250%, 6/15/19 6/12 at 100.00 AAA 2,106,399
2,000 5.000%, 6/15/27 6/12 at 100.00 AAA 2,051,579
6,950 Total Water and Sewer 7,207,583
$ 52,010 Total Investments (cost $52,856,024) – 98.6% 54,155,944
Floating Rate Obligations – (0.5)% (270,000)
Other Assets Less Liabilities – 1.9% 1,014,086
Net Assets – 100% $ 54,900,030
(1) 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.
(2) Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard & Poor’s
Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(3) 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. Such investments are normally considered to be
equivalent to AAA rated securities.
N/R Not rated.
(ETM) Escrowed to maturity.
(UB) Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the
provisions of SFAS No. 140.

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 the treatment of paydown gains and losses, 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 transactions subject to SFAS No.140.

At June 30, 2007, the cost of investments was $52,580,237.

Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2007, were as follows:

Gross unrealized:
Appreciation $1,438,798
Depreciation (133,091)
Net unrealized appreciation (depreciation) of investments $1,305,707

Item 2. Controls and Procedures.

  1. 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)).
  2. 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: EX-99 CERT Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Nuveen New York Select Tax-Free Income Portfolio

By (Signature and Title)* /s/ Kevin J. McCarthy Kevin J. McCarthy Vice President and Secretary

Date August 29, 2007

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

By (Signature and Title)* /s/ Gifford R. Zimmerman Gifford R. Zimmerman Chief Administrative Officer (principal executive officer)

Date August 29, 2007

By (Signature and Title)* /s/ Stephen D. Foy Stephen D. Foy Vice President and Controller (principal financial officer)

Date August 29, 2007

  • Print the name and title of each signing officer under his or her signature.

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