NUVEEN NEW YORK SELECT TAX -FREE INCOME PORTFOLIO

Regulatory Filings • Feb 29, 2008

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: 03/31

Date of reporting period: 12/31/07

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) | | | |
| | December
31, 2007 | | | |
| Principal | | Optional
Call | | |
| Amount
(000) | Description
(1) | Provisions
(2) | Ratings
(3) | Value |
| | Consumer
Discretionary – 0.2% | | | |
| $
100 | New York City
Industrial Development Agency, New York, Liberty Revenue Bonds, | 9/15 at
100.00 | Baa3 | $ 90,550 |
| | IAC/InterActiveCorp, Series 2005, 5.000%,
9/01/35 | | | |
| | Consumer
Staples – 1.8% | | | |
| | TSASC Inc.,
New York, Tobacco Asset-Backed Bonds, Series 2006: | | | |
| 460 | 4.750%,
6/01/22 | 6/16 at
100.00 | BBB | 448,495 |
| 540 | 5.000%,
6/01/26 | 6/16 at
100.00 | BBB | 522,369 |
| 1,000 | Total Consumer
Staples | | | 970,864 |
| | Education
and Civic Organizations – 10.2% | | | |
| 100 | Albany
Industrial Development Agency, New York, Revenue Bonds, Albany Law School,
Series | 7/17 at
100.00 | BBB | 93,387 |
| | 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 | 43,855 |
| | 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 | 1,775,174 |
| | 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– | 29,107 |
| | 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 | 410,525 |
| | 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 | 809,696 |
| | 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 | 333,021 |
| | 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 | 396,236 |
| | 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 | A– | 98,516 |
| | 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 | A– | 97,969 |
| | 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 | A– | 511,605 |
| | Greater
New York, Series 2002, 5.250%, 8/01/21 | | | |
| 185 | New York City
Industrial Development Agency, New York, PILOT Revenue Bonds Yankee
Stadium | 9/16 at
100.00 | AAA | 196,723 |
| | Project,
Residual Series 07-1032, 6.970%, 3/01/39 – FGIC Insured
(IF) | | | |
| 430 | New York City
Industrial Development Agency, New York, PILOT Revenue Bonds, Queens
Baseball | 1/17 at
100.00 | AAA | 428,203 |
| | Stadium
Project, Series 2006, 4.750%, 1/01/42 – AMBAC Insured | | | |
| 150 | New York City
Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium
Pilots, | 9/16 at
100.00 | AAA | 161,910 |
| | Trust
2148, 7.652%, 3/01/36 – MBIA Insured (IF) | | | |
| 200 | Puerto Rico
Industrial, Tourist, Educational, Medical and Environmental Control
Facilities | 2/09 at
101.00 | BBB– | 201,740 |
| | Financing 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 | 62,226 |
| | College,
Series 2007, 5.000%, 10/01/27 | | | |
| 5,570 | Total
Education and Civic Organizations | | | 5,649,893 |
| | Financials
– 0.9% | | | |
| 435 | Liberty
Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds
Series | No Opt.
Call | AA– | 481,088 |
| | 2007,
5.500%, 10/01/37 | | | |
| | Health Care
– 14.0% | | | |
| 450 | Dormitory
Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds,
Montefiore | 2/15 at
100.00 | AAA | 463,365 |
| | 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 | 110,480 |
| 100 | 5.500%,
7/01/30 | 7/11 at
101.00 | Ba2 | 97,941 |
| 950 | Dormitory
Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering
Cancer | 7/16 at
100.00 | AA | 979,517 |
| | 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 | 710,079 |
| | Center,
Series 2003-1, 5.000%, 7/01/21 – MBIA Insured | | | |
| 405 | Dormitory
Authority of the State of New York, Revenue Bonds, New York and
Presbyterian | 8/14 at
100.00 | AAA | 442,625 |
| | 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 | 1,793,232 |
| | 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 | 1,275,543 |
| | 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 | 501,290 |
| | Hospital
Association, Series 2003A, 5.500%, 7/01/32 | | | |
| | Madison County
Industrial Development Agency, New York, Civic Facility Revenue Bonds,
Oneida | | | |
| | Health System,
Series 2007A: | | | |
| 100 | 5.250%,
2/01/27 | No Opt.
Call | BBB– | 95,867 |
| 90 | 5.500%,
2/01/32 | No Opt.
Call | BBB– | 87,025 |
| 750 | New York City
Health and Hospitals Corporation, New York, Health System Revenue Bonds,
Series | 2/13 at
100.00 | AAA | 796,928 |
| | 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 | 251,578 |
| | 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 | 156,898 |
| | 2007A,
5.000%, 5/01/32 | | | |
| 7,410 | Total Health
Care | | | 7,762,368 |
| | Housing/Multifamily –
3.1% | | | |
| 1,000 | New
Hartford-Sunset Woods Funding Corporation, New York, FHA-Insured Mortgage Revenue
Bonds, | 8/12 at
101.00 | AAA | 1,051,020 |
| | 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 | 257,785 |
| | 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 | 158,890 |
| | Series
2005F-1, 4.750%, 11/01/35 | | | |
| 275 | New York State
Housing Finance Agency, Affordable Housing Revenue, Series 2007A,
5.250%, | 11/17 at
100.00 | Aa2 | 268,615 |
| | 11/01/38
(Alternative Minimum Tax) | | | |
| 1,685 | Total
Housing/Multifamily | | | 1,736,310 |
| | Housing/Single Family –
8.2% | | | |
| 2,000 | New York State
Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 101,
5.000%, | 10/11 at
100.00 | Aa1 | 2,028,160 |
| | 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 | 2,506,074 |
| | 10/01/31
(Alternative Minimum Tax) | | | |
| 4,500 | Total
Housing/Single Family | | | 4,534,234 |
| | Long-Term
Care – 11.5% | | | |
| 2,000 | Dormitory
Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue
Bonds, | 8/11 at
101.00 | AAA | 2,070,419 |
| | 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 | 101,398 |
| | 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 | CCC | 41,927 |
| | 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 | 2,082,959 |
| | 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, | 12/12 at
103.00 | AAA | 1,057,700 |
| | St.
Mary’s Residence Project, Series 2002A, 5.375%, 12/20/22 | | | |
| 980 | New York City
Industrial Development Agency, New York, GNMA Collateralized Mortgage
Revenue | 11/12 at
101.00 | AA+ | 979,951 |
| | Bonds,
Eger Harbor House Inc., Series 2002A, 4.950%, 11/20/32 | | | |
| 6,130 | Total
Long-Term Care | | | 6,334,354 |
| | Materials
– 0.1% | | | |
| 90 | Jefferson
County Industrial Development Agency, New York, Solid Waste Disposal Revenue
Bonds, | 12/13 at
100.00 | BBB | 87,224 |
| | International Paper Company Project, Series
2003A, 5.200%, 12/01/20 (Alternative Minimum Tax) | | | |
| | Tax
Obligation/General – 8.3% | | | |
| | Clarkstown,
Rickland County, New York, Various Purposes Serial Bonds, Series
1992: | | | |
| 505 | 5.600%,
6/15/10 – AMBAC Insured | No Opt.
Call | AAA | 534,598 |
| 525 | 5.600%,
6/15/11 – AMBAC Insured | No Opt.
Call | AAA | 566,580 |
| 525 | 5.600%,
6/15/12 – AMBAC Insured | No Opt.
Call | AAA | 579,154 |
| 15 | Hudson Yards
Infrastructure Corporation, New York, Revenue Bonds, Series
2006A, | 2/17 at
100.00 | AAA | 14,295 |
| | 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 | 327,888 |
| 200 | New York City,
New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19
– | 3/15 at
100.00 | AAA | 214,030 |
| | FGIC
Insured | | | |
| 1,000 | New York City,
New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%,
6/01/25 | 6/16 at
100.00 | AA | 1,032,200 |
| 1,260 | New York City,
New York, General Obligation Bonds, Series D, 5.125%, 12/01/25 | 12/17 at
100.00 | AA | 1,318,792 |
| 4,330 | Total Tax
Obligation/General | | | 4,587,537 |
| | Tax
Obligation/Limited – 16.4% | | | |
| 600 | Battery Park
City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.000%,
11/01/23 | 11/13 at
100.00 | AAA | 630,144 |
| 300 | Dormitory
Authority of the State of New York, Revenue Bonds, Mental Health Services
Facilities | No Opt.
Call | AAA | 325,383 |
| | 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 | 554,690 |
| | 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 | 539,250 |
| | Series
2002A, 5.500%, 1/01/20 – MBIA Insured | | | |
| 95 | Nassau County
Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,
Series | 5/08 at
100.00 | AAA | 95,130 |
| | 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 | 262,520 |
| 200 | 5.000%,
10/15/26 – MBIA Insured | 10/14 at
100.00 | AAA | 209,534 |
| 1,225 | 5.000%,
10/15/29 – AMBAC Insured | 10/14 at
100.00 | AAA | 1,276,781 |
| 600 | New York City
Transitional Finance Authority, New York, Building Aid Revenue Bonds,
Fiscal | 1/17 at
100.00 | AAA | 626,826 |
| | 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 | 702,502 |
| | 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 | 581,708 |
| | Series
2007C-1, 5.000%, 11/01/27 | | | |
| 570 | New York State
Thruway Authority, Highway and Bridge Trust Fund Bonds, Second
Generation | No Opt.
Call | AAA | 654,810 |
| | Series
2005B, 5.500%, 4/01/20 – AMBAC Insured (UB) | | | |
| 250 | New York State
Thruway Authority, Highway and Bridge Trust Fund Bonds, Second Generation,
Series | 4/14 at
100.00 | AAA | 264,953 |
| | 2004,
5.000%, 4/01/21 – MBIA Insured | | | |
| 425 | New York State
Thruway Authority, Highway and Bridge Trust Fund Bonds, Series
2007, | 10/17 at
100.00 | AA | 446,905 |
| | 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 | 1,065,060 |
| 250 | 5.250%,
6/01/21 – AMBAC Insured | 6/13 at
100.00 | AAA | 265,888 |
| 500 | New York State
Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed
and | 6/13 at
100.00 | AA– | 535,055 |
| | State
Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%,
6/01/21 | | | |
| 30 | Triborough
Bridge and Tunnel Authority, New York, Convention Center Bonds, Series
1990E, | No Opt.
Call | AA– | 31,113 |
| | 7.250%,
1/01/10 | | | |
| 8,515 | Total Tax
Obligation/Limited | | | 9,068,252 |
| | Transportation –
2.1% | | | |
| 180 | Albany Parking
Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25 | 7/11 at
101.00 | BBB+ | 186,395 |
| 500 | Metropolitan
Transportation Authority, New York, Transportation Revenue Bonds, Series
2003A, | No Opt.
Call | AAA | 546,805 |
| | 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 | 51,837 |
| | AMBAC
Insured | | | |
| 100 | New York State
Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30
– | 7/15 at
100.00 | AAA | 104,349 |
| | FSA
Insured | | | |
| 105 | Port Authority
of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
Fortieth | 6/15 at
101.00 | AAA | 109,195 |
| | Series
2005, 5.000%, 12/01/31 – XLCA Insured | | | |
| 160 | Port Authority
of New York and New Jersey, One Hundred and Forty Eighth Consolidated
Revenue | 8/17 at
100.00 | AAA | 183,640 |
| | Bonds,
RITES Trust 1516, 7.411%, 8/15/32 – FSA Insured (IF) | | | |
| 1,095 | Total
Transportation | | | 1,182,221 |
| | U.S.
Guaranteed – 6.2% (4) | | | |
| 220 | Albany Parking
Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25 | 7/11 at
101.00 | N/R
(4) | 240,647 |
| | (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 | 1,379,698 |
| | 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 | 275,655 |
| | Group,
Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13) | | | |
| 415 | Suffolk County
Water Authority, New York, Water Revenue Bonds, Series 1986V,
6.750%, | No Opt.
Call | AAA | 449,275 |
| | 6/01/12
(ETM) | | | |
| 1,005 | TSASC Inc.,
New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%,
7/15/24 | 7/12 at
100.00 | AAA | 1,082,455 |
| | (Pre-refunded 7/15/12) | | | |
| 3,055 | Total U.S.
Guaranteed | | | 3,427,730 |
| | 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 | 603,482 |
| 430 | 5.000%,
12/01/25 – FGIC Insured | 6/16 at
100.00 | AAA | 452,450 |
| 250 | Long Island
Power Authority, New York, Electric System General Revenue Bonds, Series
2006B, | 6/16 at
100.00 | AAA | 258,935 |
| | 5.000%,
12/01/35 – CIFG Insured | | | |
| 500 | New York State
Energy Research and Development Authority, Pollution Control Revenue
Bonds, | 3/08 at
101.50 | AAA | 507,970 |
| | New 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 | 251,735 |
| | 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 | 7/08 at
100.00 | BBB | 60,419 |
| | Recovery
Revenue Bonds, RESCO Company, Series 1996, 5.500%, 7/01/09 (Alternative Minimum
Tax) | | | |
| 2,060 | Total
Utilities | | | 2,134,991 |
| | Water and
Sewer – 12.3% | | | |
| 2,500 | New York City
Municipal Water Finance Authority, New York, Water and Sewerage System
Revenue | 6/11 at
101.00 | AA+ | 2,598,172 |
| | Bonds,
Fiscal Series 2001C, 5.125%, 6/15/33 | | | |
| | 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 | 2,139,359 |
| 2,000 | 5.000%,
6/15/27 | 6/12 at
100.00 | AAA | 2,058,220 |
| 6,500 | Total Water
and Sewer | | | 6,795,751 |
| $
52,475 | Total
Investments (cost $53,205,449) – 99.2% | | | 54,843,367 |
| | Floating Rate
Obligations – (0.8)% | | | (437,500) |
| | Other Assets
Less Liabilities – 1.6% | | | 869,500 |
| | Net Assets
– 100% | | | $ 55,275,367 |

| Forward Swaps outstanding at December 31,
2007: | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | Fund | | | Fixed
Rate | | | Unrealized |
| | Notional | Pay/Receive | Floating
Rate | Fixed
Rate | Payment | Effective | Termination | Appreciation |
| Counterparty | Amount | Floating
Rate | Index | (Annualized) | Frequency | Date
(5) | Date | (Depreciation) |
| Royal Bank of
Canada | $500,000 | Pay | SIFM | 4.335% | Quarterly | 8/06/08 | 8/06/37 | $35,009 |
| SIFM – The daily arithmetic average of the
weekly SIFM (Securities Industry and Financial Markets) Municipal Swap
Index. | | | | | | | | |

| (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 higher of Standard & Poor’s Group (“Standard &
Poor’s”) or Moody’s Investor Service, |
| | Inc.
(“Moody’s”) rating. Ratings below BBB by Standard &
Poor’s or Baa by Moody’s are considered to be |
| | below
investment grade. |
| | The AAA
ratings shown in the Portfolio of Investments reflect the AAA ratings on certain
bonds insured |
| | by AMBAC,
FGIC, XCLA or MBIA and/or the A ratings on certain bonds insured by ACA as of
December 31, |
| | 2007. During
December 2007, at least one rating agency reduced the rating for ACA bonds to
CCC. |
| | Subsequent to
December 31, 2007, at least one rating agency reduced the rating for AMBAC-insured
bonds |
| | to AA, the
rating for XCLA-insured bonds to A and the rating for FGIC-insured bonds to A3. One
or more |
| | rating
agencies have placed each of these insurers on “negative credit watch”,
which may presage one or |
| | more rating
reductions for such insurer or insurers in the future. If one or more
insurers’ ratings are reduced |
| | below AAA (or
A in the case of ACA) by these rating agencies, it would likely reduce the
effective rating of |
| | many of the
bonds insured by that insurer or insurers. |
| (4) | 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. |
| (5) | Effective date
represents the date on which both the Fund and counterparty commence interest
payment |
| | accruals on
each forward swap contract. |
| 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
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. 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.

At December 31, 2007, the cost of investments was $52,761,725.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2007, were as follows:

| Gross
unrealized: | |
| --- | --- |
| Appreciation | $1,814,102 |
| Depreciation | (169,957) |
| Net unrealized
appreciation (depreciation) of investments | $1,644,145 |

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 February 29, 2008

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 February 29, 2008

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

Date February 29, 2008

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