NUVEEN NEW YORK SELECT TAX -FREE INCOME PORTFOLIO

Regulatory Filings • Aug 27, 2010

N-Q 1 nq2.htm NXN_NQ nq2.htm Licensed to: FGS Document Created using EDGARizerAgent 5.1.5.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.

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: 6/30/10

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,
2010 | | | |
| 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 | BB+ | $ 90,363 |
| | IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35 | | | |
| | Consumer Staples –
1.5% | | | |
| | TSASC Inc., New York, Tobacco Asset-Backed Bonds,
Series 2006: | | | |
| 375 | 4.750%, 6/01/22 | 6/16 at 100.00 | BBB | 363,304 |
| 540 | 5.000%, 6/01/26 | 6/16 at
100.00 | BBB | 492,323 |
| 915 | Total
Consumer Staples | | | 855,627 |
| | Education and Civic
Organizations – 8.5% | | | |
| 100 | Albany Industrial Development Agency, New York,
Revenue Bonds, Albany Law School, Series | 7/17 at 100.00 | BBB | 96,472 |
| | 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 | 42,265 |
| | Schools, Series 2007A,
5.000%, 4/01/37 | | | |
| 30 | Cattaraugus County Industrial Development Agency,
New York, Revenue Bonds, St. Bonaventure | 5/16 at 100.00 | BBB– | 29,359 |
| | 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 | N/R | 396,980 |
| | 2007A, 5.000%, 7/01/41 –
RAAI Insured | | | |
| 1,000 | Dormitory Authority of the State of New York,
Housing Revenue Bonds, Fashion Institute of | No Opt. Call | A | 977,320 |
| | Technology, Series 2007,
5.250%, 7/01/34 – FGIC Insured | | | |
| 785 | Dormitory Authority of the State of New York,
Insured Revenue Bonds, Iona College, Series | 7/12 at 100.00 | BBB | 798,832 |
| | 2002, 5.000%, 7/01/22 –
SYNCORA GTY Insured | | | |
| 50 | Dormitory Authority of the State of New York, Lease
Revenue Bonds, State University Dormitory | 7/15 at 100.00 | Aa2 | 50,640 |
| | Facilities, Series 2004A,
5.000%, 7/01/29 – NPFG Insured | | | |
| 110 | Dormitory Authority of the State of New York, Second
General Resolution Consolidated Revenue | No Opt. Call | Aa3 | 110,021 |
| | 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 | Baa1 | 365,513 |
| | 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 | 100,819 |
| | 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– | 96,985 |
| | 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– | 502,615 |
| | Greater New York, Series
2002, 5.250%, 8/01/21 | | | |
| 430 | New York City Industrial Development Agency, New
York, PILOT Revenue Bonds, Queens Baseball | 1/17 at 100.00 | BB+ | 363,376 |
| | Stadium Project, Series
2006, 4.750%, 1/01/42 – AMBAC Insured | | | |
| 590 | New York City Industrial Development Authority, New
York, PILOT Revenue Bonds, Yankee Stadium | 9/16 at 100.00 | BBB– | 519,755 |
| | Project, Series 2006,
4.500%, 3/01/39 – FGIC Insured | | | |
| 200 | Puerto Rico Industrial, Tourist, Educational,
Medical and Environmental Control Facilities | 8/10 at 100.50 | BBB– | 200,246 |
| | 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 | 64,108 |
| | College, Series 2007, 5.000%, 10/01/27 | | | |
| 4,970 | Total
Education and Civic Organizations | | | 4,715,306 |
| | Financials –
0.8% | | | |
| 435 | Liberty Development Corporation, New York, Goldman
Sachs Headquarters Revenue Bonds Series | No Opt. Call | A1 | 455,558 |
| | 2007, 5.500%, 10/01/37 | | | |
| | Health Care –
14.5% | | | |
| 450 | Dormitory Authority of the State of New York,
FHA-Insured Mortgage Revenue Bonds, Montefiore | 2/15 at 100.00 | A | 458,280 |
| | Hospital, Series 2004,
5.000%, 8/01/29 – FGIC Insured | | | |
| 500 | Dormitory Authority of the State of New York,
FHA-Insured Revenue Bonds, St. Lukes Roosevelt | 8/15 at 100.00 | A– | 492,340 |
| | Hospital, Series 2005,
4.900%, 8/15/31 | | | |
| 100 | Dormitory Authority of the State of New York,
Highland Hospital of Rochester Revenue Bonds, | 7/20 at 100.00 | A2 | 100,542 |
| | Series 2010, 5.200%,
7/01/32 | | | |
| | 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 | Ba1 | 110,155 |
| 100 | 5.500%, 7/01/30 | 7/11 at 101.00 | Ba1 | 96,935 |
| 950 | Dormitory Authority of the State of New York,
Revenue Bonds, Memorial Sloan Kettering Cancer | 7/16 at 100.00 | AA | 975,745 |
| | 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 | AA | 711,969 |
| | Center, Series 2003-1,
5.000%, 7/01/21 – NPFG Insured | | | |
| 405 | Dormitory Authority of the State of New York,
Revenue Bonds, New York and Presbyterian | 8/14 at 100.00 | AAA | 443,669 |
| | Hospital, Series 2004A,
5.250%, 8/15/15 – AGM Insured | | | |
| 1,680 | Dormitory Authority of the State of New York,
Revenue Bonds, Winthrop South Nassau University | 7/11 at 101.00 | N/R | 1,717,918 |
| | 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 | Baa1 | 1,221,971 |
| | 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 | 500,135 |
| | 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– | 89,474 |
| 90 | 5.500%, 2/01/32 | No Opt. Call | BBB– | 81,464 |
| 750 | New York City Health and Hospitals Corporation, New
York, Health System Revenue Bonds, Series | 2/13 at 100.00 | Aa3 | 793,748 |
| | 2003A, 5.250%, 2/15/21 –
AMBAC Insured | | | |
| 235 | New York City Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Staten | 7/12 at 101.00 | Baa3 | 238,215 |
| | Island University Hospital, Series 2002C, 6.450%,
7/01/32 | | | |
| 7,835 | Total
Health Care | | | 8,032,560 |
| | Housing/Multifamily –
5.9% | | | |
| 1,700 | Amherst Industrial Development Agency, New York,
Revenue Bonds, UBF Faculty/Student Housing | 8/12 at 101.00 | N/R | 1,718,955 |
| | Corporation, University of
Buffalo Creekside Project, Series 2002A, 5.000%, 8/01/22 – | | | |
| | AMBAC Insured | | | |
| 1,000 | New Hartford-Sunset Woods Funding Corporation, New
York, FHA-Insured Mortgage Revenue Bonds, | 8/12 at 101.00 | AAA | 1,035,530 |
| | 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 | 255,728 |
| | Series 2004A, 5.250%,
11/01/30 | | | |
| 275 | New York State Housing Finance Agency, Affordable
Housing Revenue, Series 2007A, 5.250%, | 11/17 at 100.00 | Aa2 | 276,642 |
| | 11/01/38 (Alternative Minimum Tax) | | | |
| 3,225 | Total
Housing/Multifamily | | | 3,286,855 |
| | Housing/Single Family –
8.2% | | | |
| 2,000 | New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 101, | 10/11 at 100.00 | Aa1 | 2,017,980 |
| | 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 | 2,506,174 |
| | 10/01/31 (Alternative Minimum Tax) | | | |
| 4,500 | Total
Housing/Single Family | | | 4,524,154 |
| | Long-Term Care –
11.5% | | | |
| 1,795 | Dormitory Authority of the State of New York,
FHA-Insured Nursing Home Mortgage Revenue Bonds, | 8/11 at 101.00 | A | 1,829,644 |
| | Norwegian Christian Home
and Health Center, Series 2001, 5.200%, 8/01/36 – NPFG Insured | | | |
| 100 | Dormitory Authority of the State of New York,
Non-State Supported Debt, Ozanam Hall of Queens | 11/16 at 100.00 | A1 | 97,433 |
| | 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 | N/R | 32,989 |
| | 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 | 2,086,659 |
| | 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 | 1,048,580 |
| | 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+ | 991,809 |
| | Bonds, Eger Harbor House
Inc., Series 2002A, 4.950%, 11/20/32 | | | |
| 25 | Suffolk County Industrial Development Agency, New
York, Civic Facility Revenue Bonds, Special | 7/16 at 100.00 | N/R | 23,076 |
| | Needs Facilities Pooled
Program, Series 2008-B1, 5.500%, 7/01/18 | | | |
| 275 | Yonkers Industrial Development Agency, New York,
Civic Facilities Revenue Bonds, Special Needs | 7/16 at 101.00 | N/R | 253,833 |
| | Facilities Pooled Program Bonds, Series 2008-C1, 5.500%,
7/01/18 | | | |
| 6,225 | Total
Long-Term Care | | | 6,364,023 |
| | Materials –
0.2% | | | |
| 90 | Jefferson County Industrial Development Agency, New
York, Solid Waste Disposal Revenue Bonds, | 12/13 at 100.00 | BBB | 89,425 |
| | International Paper Company Project, Series 2003A, 5.200%,
12/01/20 (Alternative Minimum Tax) | | | |
| | Tax
Obligation/General – 7.4% | | | |
| | Clarkstown, Rickland County, New York, Various
Purposes Serial Bonds, Series 1992: | | | |
| 525 | 5.600%, 6/15/11 – AMBAC
Insured | No Opt. Call | AAA | 551,486 |
| 525 | 5.600%, 6/15/12 – AMBAC
Insured | No Opt. Call | AAA | 577,306 |
| 1,260 | New York City, New York, General Obligation Bonds,
Fiscal 2008 Series D, 5.125%, 12/01/25 | 12/17 at 100.00 | AA | 1,361,102 |
| 300 | New York City, New York, General Obligation Bonds,
Fiscal Series 2004C, 5.250%, 8/15/16 | 8/14 at 100.00 | AA | 337,512 |
| 200 | New York City, New York, General Obligation Bonds,
Fiscal Series 2005J, 5.000%, 3/01/19 – | 3/15 at 100.00 | AA | 218,312 |
| | 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 | 1,062,230 |
| 3,810 | Total Tax
Obligation/General | | | 4,107,948 |
| | Tax
Obligation/Limited – 18.4% | | | |
| 600 | Battery Park City Authority, New York, Senior
Revenue Bonds, Series 2003A, 5.000%, 11/01/23 | 11/13 at 100.00 | AAA | 653,694 |
| 500 | Erie County Industrial Development Agency, New York,
School Facility Revenue Bonds, Buffalo | 5/14 at 100.00 | AAA | 531,715 |
| | City School District,
Series 2004, 5.750%, 5/01/26 – AGM Insured | | | |
| 500 | Metropolitan Transportation Authority, New York,
State Service Contract Refunding Bonds, | 7/12 at 100.00 | AA– | 532,815 |
| | Series 2002A, 5.500%,
1/01/20 – NPFG 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 – NPFG
Insured | 10/14 at 100.00 | AAA | 269,470 |
| 200 | 5.000%, 10/15/26 – NPFG
Insured | 10/14 at 100.00 | AAA | 215,142 |
| 1,225 | 5.000%, 10/15/29 – AMBAC
Insured | 10/14 at 100.00 | AAA | 1,299,982 |
| 600 | New York City Transitional Finance Authority, New
York, Building Aid Revenue Bonds, Fiscal | 1/17 at 100.00 | AA– | 628,242 |
| | 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 | 703,721 |
| | Series 2003E, 5.000%,
2/01/23 – FGIC Insured | | | |
| 550 | New York City Transitional Finance Authority, New
York, Future Tax Secured Bonds, Fiscal | 11/17 at 100.00 | AAA | 592,977 |
| | Series 2007C-1, 5.000%,
11/01/27 | | | |
| 535 | New York City Transitional Finance Authority, New
York, Future Tax Secured Bonds, Tender | 5/19 at 100.00 | AAA | 619,150 |
| | Option Bond Trust 3545,
13.621%, 5/01/32 (IF) | | | |
| 775 | New York State Environmental Facilities Corporation,
State Personal Income Tax Revenue Bonds, | 12/17 at 100.00 | AAA | 838,558 |
| | Series 2008A, 5.000%,
12/15/26 (UB) | | | |
| 250 | New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Second Genera1 Series | 4/14 at 100.00 | AA | 266,978 |
| | 2004A, 5.000%, 4/01/21 –
NPFG Insured | | | |
| 425 | New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Series 2007, | 10/17 at 100.00 | AA | 453,156 |
| | 5.000%, 4/01/27 | | | |
| 570 | New York State Thruway Authority, Highway and Bridge
Trust Fund Bonds, Series 2005B, | No Opt. Call | AA | 677,217 |
| | 5.500%, 4/01/20 – AMBAC
Insured (UB) | | | |
| | 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 | AA– | 1,070,230 |
| 250 | 5.250%, 6/01/21 – AMBAC
Insured | 6/13 at 100.00 | AA– | 266,023 |
| 500 | New York State Tobacco Settlement Financing
Corporation, Tobacco Settlement Asset-Backed and | 6/13 at 100.00 | AA– | 542,290 |
| | State Contingency Contract-Backed Bonds, Series 2003B-1C,
5.500%, 6/01/21 | | | |
| 9,400 | Total Tax
Obligation/Limited | | | 10,161,360 |
| | Transportation –
2.0% | | | |
| 180 | Albany Parking Authority, New York, Revenue Bonds,
Series 2001A, 5.625%, 7/15/25 | 7/11 at 101.00 | BBB+ | 182,747 |
| 500 | Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Series 2003A, | No Opt. Call | A | 562,195 |
| | 5.000%, 11/15/15 – FGIC
Insured | | | |
| 100 | New York State Thruway Authority, General Revenue
Bonds, Series 2005G, 5.000%, 1/01/30 – | 7/15 at 100.00 | AAA | 103,439 |
| | AGM Insured | | | |
| 105 | Port Authority of New York and New Jersey,
Consolidated Revenue Bonds, One Hundred Fortieth | 6/15 at 101.00 | Aa2 | 110,652 |
| | Series 2005, 5.000%,
12/01/31 – SYNCORA GTY Insured | | | |
| 120 | Port Authority of New York and New Jersey,
Consolidated Revenue Bonds, One Hundred Forty | 8/17 at 100.00 | AAA | 148,872 |
| | Eighth Series 2008, Trust 2920, 17.380%, 8/15/32 – AGM Insured
(IF) | | | |
| 1,005 | Total
Transportation | | | 1,107,905 |
| | U.S. Guaranteed – 4.9%
(4) | | | |
| 220 | Albany Parking Authority, New York, Revenue Bonds,
Series 2001A, 5.625%, 7/15/25 | 7/11 at 101.00 | BBB+ (4) | 234,683 |
| | (Pre-refunded
7/15/11) | | | |
| 880 | Dormitory Authority of the State of New York,
Judicial Facilities Lease Revenue Bonds, Suffolk | No Opt. Call | AAA | 1,036,385 |
| | 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 | 282,550 |
| | Group, Series 2003, 5.375%,
5/01/23 (Pre-refunded 5/01/13) | | | |
| 180 | Suffolk County Water Authority, New York, Water
Revenue Bonds, Series 1986V, | No Opt. Call | AAA | 194,630 |
| | 6.750%, 6/01/12
(ETM) | | | |
| 880 | TSASC Inc., New York, Tobacco Asset-Backed Bonds,
Series 2002-1, 5.500%, 7/15/24 | 7/12 at 100.00 | AAA | 949,564 |
| | (Pre-refunded 7/15/12) | | | |
| 2,410 | Total U.S.
Guaranteed | | | 2,697,812 |
| | Utilities –
3.3% | | | |
| | 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 | A | 608,179 |
| 430 | 5.000%, 12/01/25 – FGIC
Insured | 6/16 at 100.00 | A | 451,758 |
| 500 | New York State Energy Research and Development
Authority, Pollution Control Revenue Bonds, New | 3/11 at 100.00 | A | 503,245 |
| | York State Electric and Gas
Corporation, Series 2005A, 4.100%, 3/15/15 – NPFG Insured | | | |
| 250 | Niagara County Industrial Development Agency, New
York, Solid Waste Disposal Facility Revenue | 11/11 at 101.00 | Baa2 | 256,730 |
| | Bonds, American Ref-Fuel
Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory | | | |
| | put 11/15/12) (Alternative Minimum Tax) | | | |
| 1,750 | Total
Utilities | | | 1,819,912 |
| | 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 | AAA | 2,591,724 |
| | 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 | 2,154,079 |
| 2,000 | 5.000%, 6/15/27 | 6/12 at
100.00 | AAA | 2,082,779 |
| 6,500 | Total Water
and Sewer | | | 6,828,582 |
| $ 53,170 | Total
Long-Term Investments (cost $53,470,539) – 99.6% | | | 55,137,390 |
| Principal | | | | |
| Amount (000) | Description (1) | | | Value |
| | Short-Term Investments –
0.9% | | | |
| $
519 | State
Street Bank Euro Dollar Time Deposit, 0.010%, 7/01/10 | | | $ 519,480 |
| | Total
Short-Term Investments (cost $519,480) | | | 519,480 |
| | Total
Investments (cost $53,990,019) – 100.5% | | | 55,656,870 |
| | Floating
Rate Obligations – (1.8)% | | | (1,005,000) |
| | Other
Assets Less Liabilities – 1.3% | | | 705,615 |
| | Net Assets
– 100% | | | $
55,357,485 |

Fair Value Measurements

In determining the value of the Fund’s investments, various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – 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 risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of June 30, 2010:

	Level 1	Level 2	Level 3	Total
Investments:
Municipal Bonds	$
—	$55,137,390	$ —	$55,137,390
Short-Term Investments	519,480	—	—	519,480
Total	$519,480	$55,137,390	$
—	$55,656,870

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.

At June 30, 2010, the cost of investments was $52,977,433.

Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2010, were as follows:

| Gross
unrealized: | |
| --- | --- |
| Appreciation | $1,994,547 |
| Depreciation | (317,816) |
| Net
unrealized appreciation (depreciation) of investments | $1,676,731 |

| (1) | All percentages shown in the Portfolio of
Investments are based on net assets. |
| --- | --- |
| (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 Investor 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. |
| (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. |
| 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. |

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.

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 27, 2010

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 27, 2010

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

Stephen D. Foy

Vice President and Controller (principal financial officer)

Date August 27, 2010