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NUVEEN NEW YORK SELECT TAX -FREE INCOME PORTFOLIO

Regulatory Filings Feb 29, 2012

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N-Q 1 nq2.htm NXN_NQ nq2.htm Licensed to: FGS Document Created using EDGARizerAgent 5.4.1.0 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: 12/31/11

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, 2011
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 BBB– $ 96,851
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
Consumer Staples – 1.5%
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
365 4.750%, 6/01/22 6/16 at 100.00 BBB 354,900
540 5.000%, 6/01/26 6/16 at 100.00 BBB 505,418
905 Total Consumer Staples 860,318
Education and Civic Organizations – 13.8%
100 Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series 7/17 at 100.00 BBB 101,126
2007A, 5.000%, 7/01/31
165 Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter 4/17 at 100.00 N/R 138,046
Schools, Series 2007A, 5.000%, 4/01/37
280 Buffalo and Erie County, New York, Industrial Land Development Corporation Tax-Exempt Revenue 12/20 at 100.00 N/R 303,436
Bonds (Enterprise Charter School Project), Series 2011A, 7.500%, 12/01/40
30 Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure 5/16 at 100.00 BBB– 30,207
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 407,795
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 BBB 1,046,700
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 792,348
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 52,327
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
120 Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series 7/20 at 100.00 Baa1 126,431
2010, 5.250%, 7/01/35
815 Dutchess County Industrial Development Agency, New York, Civiv Facility Revenue Bonds, Bard 8/17 at 100.00 Baa1 819,099
College Refunding, Series 2007-A1, 5.000%, 8/01/46
100 Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University, 10/15 at 100.00 A 102,587
Civic Facility Project, Series 2005, 5.000%, 10/01/35
2,000 Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of 7/21 at 100.00 Aa3 2,121,900
Rochester Project, Series 2011B, 5.000%, 7/01/41
100 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St. 10/14 at 100.00 A– 102,066
Francis College, Series 2004, 5.000%, 10/01/34
500 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of 2/12 at 100.00 A– 500,830
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+ 361,621
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– 545,809
Project, Series 2006, 4.500%, 3/01/39 – FGIC Insured
185 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities 2/12 at 100.00 BBB– 185,093
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 66,132
College, Series 2007, 5.000%, 10/01/27
7,745 Total Education and Civic Organizations 7,803,553
Financials – 0.8%
435 Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series No Opt. Call A1 462,670
2007, 5.500%, 10/01/37
Health Care – 15.0%
450 Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore 2/15 at 100.00 BBB 483,647
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 N/R 520,575
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 104,219
Series 2010, 5.200%, 7/01/32
125 Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group 12/18 at 100.00 Ba1 126,003
Revenue Bonds, Series 2008, 6.250%, 12/01/37
950 Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer 7/16 at 100.00 Aa2 990,185
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 Aa2 704,766
Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
390 Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian 8/14 at 100.00 AA– 423,259
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
750 Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series 7/20 at 100.00 BBB+ 795,300
2011A, 6.000%, 7/01/40
1,680 Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University 7/12 at 100.00 Baa1 1,699,774
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 7/12 at 100.00 Baa1 1,209,065
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 503,970
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– 95,725
90 5.500%, 2/01/32 No Opt. Call BBB– 86,250
750 New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2/13 at 100.00 Aa3 779,648
2003A, 5.250%, 2/15/21 – AMBAC Insured
8,250 Total Health Care 8,522,386
Housing/Multifamily – 5.8%
1,700 Amherst Industrial Development Agency, New York, Revenue Bonds, UBF Faculty/Student Housing 8/12 at 101.00 N/R 1,724,225
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 AA+ 1,021,190
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 254,933
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 278,743
11/01/38 (Alternative Minimum Tax)
3,225 Total Housing/Multifamily 3,279,091
Housing/Single Family – 4.4%
2,500 New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%, 4/12 at 100.00 Aaa 2,500,950
10/01/31 (Alternative Minimum Tax)
Long-Term Care – 8.0%
100 Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens 11/16 at 100.00 Ba3 79,169
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 35,986
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 2,057,800
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 N/R 1,045,840
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+ 1,019,180
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 23,438
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 257,818
Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18
4,430 Total Long-Term Care 4,519,231
Materials – 0.1%
90 Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds, 12/13 at 100.00 BBB 90,419
International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)
Tax Obligation/General – 6.7%
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 1,445,396
300 New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16 8/14 at 100.00 AA 332,856
200 New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – 3/15 at 100.00 AA 221,630
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 1,134,110
600 Yonkers, New York, General Obligation Bonds, Series 2011A, 5.000%, 10/01/24 – AGM Insured 10/21 at 100.00 AA– 650,292
3,360 Total Tax Obligation/General 3,784,284
Tax Obligation/Limited – 25.9%
600 Battery Park City Authority, New York, Lease Revenue Bonds, Senior Lien Series 2003A, 11/13 at 100.00 AAA 641,214
5.000%, 11/01/23
500 Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 5/14 at 100.00 AA– 532,080
City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured
2,000 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series No Opt. Call A 2,167,380
2011A, 5.750%, 2/15/47
1,500 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47 2/17 at 100.00 A 1,506,975
500 Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, 7/12 at 100.00 AA– 510,810
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 274,443
200 5.000%, 10/15/26 – NPFG Insured 10/14 at 100.00 AAA 219,208
1,225 5.000%, 10/15/29 – AMBAC Insured 10/14 at 100.00 AAA 1,321,000
600 New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 1/17 at 100.00 AA– 647,736
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
195 New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2/13 at 100.00 AAA 203,305
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 614,240
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 644,975
Option Bond Trust 3545, 13.913%, 5/01/32 (IF)
775 New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds, 12/17 at 100.00 AAA 882,462
Series 2008A, 5.000%, 12/15/26 (UB)
250 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 4/14 at 100.00 AA 269,785
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 467,581
5.000%, 4/01/27
570 New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%, No Opt. Call AA 729,041
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– 1,059,520
250 5.250%, 6/01/21 – AMBAC Insured 6/13 at 100.00 AA– 264,880
500 New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and 6/13 at 100.00 AA– 531,520
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
1,000 New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Tender 3/17 at 100.00 AAA 1,178,000
Option Bond Trust 09-6W, 13.676%, 3/15/37 (IF) (4)
13,425 Total Tax Obligation/Limited 14,666,155
Transportation – 3.0%
500 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A, No Opt. Call A 568,160
5.000%, 11/15/15 – FGIC Insured
250 New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project, 11/21 at 100.00 A+ 254,968
Series 2011, 5.000%, 11/15/44
100 New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – 7/15 at 100.00 AA– 108,405
AGM Insured
105 Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth 6/15 at 101.00 Aa2 110,877
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 Aa2 153,547
Eighth Series 2008, Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
Terminal LLC Project, Eighth Series 2010:
290 6.500%, 12/01/28 12/15 at 100.00 BBB– 308,047
215 6.000%, 12/01/36 12/20 at 100.00 BBB– 226,655
1,580 Total Transportation 1,730,659
U.S. Guaranteed – 2.9% (5)
760 Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk No Opt. Call Aaa 893,714
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
230 New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten 7/12 at 101.00 Baa3 (5) 238,995
Island University Hospital, Series 2002C, 6.450%, 7/01/32 (Pre-refunded 7/01/12)
475 New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2/13 at 100.00 Aaa 499,553
Series 2003E, 5.000%, 2/01/23 (Pre-refunded 2/01/13) – FGIC Insured
1,465 Total U.S. Guaranteed 1,632,262
Utilities – 3.1%
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– 625,906
430 5.000%, 12/01/25 – FGIC Insured 6/16 at 100.00 A– 463,768
400 Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5/21 at 100.00 A– 422,108
5.000%, 5/01/38
250 Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue 5/12 at 101.00 Baa2 252,805
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory
put 11/15/12) (Alternative Minimum Tax)
1,650 Total Utilities 1,764,587
Water and Sewer – 6.0%
275 New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue 6/18 at 100.00 AA+ 345,092
Bonds, Tender Option Bond Trust 3484, 18.005%, 6/15/32 (IF)
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:
1,000 5.250%, 6/15/19 6/12 at 100.00 AAA 1,022,360
2,000 5.000%, 6/15/27 6/12 at 100.00 AAA 2,034,980
3,275 Total Water and Sewer 3,402,432
$ 52,435 Total Investments (cost $52,555,242) – 97.2% 55,115,848
Floating Rate Obligations – (1.8)% (1,005,000)
Other Assets Less Liabilities – 4.6% 2,593,969
Net Assets – 100% $ 56,704,817

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is 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 December 31, 2011:

Level 1 Level 2 Level 3 Total
Investments:
Municipal Bonds $ — $ 55,115,848 $ — $ 55,115,848

During the period ended December 31, 2011, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.

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 December 31, 2011, the cost of investments was $51,542,905.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2011, were as follows:

Gross unrealized:
Appreciation $2,782,251
Depreciation (210,764)
Net unrealized appreciation (depreciation) of investments $2,571,487
(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 Investors Service,
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by
any of these national rating agencies.
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
investments in inverse floating rate transactions.
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency
securities, which ensure the timely payment of principal and interest. Certain bonds backed by U.S.
Government or agency securities are regarded as having an implied rating equal to the rating of
such securities.
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 February 29, 2012

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, 2012

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

Stephen D. Foy

Vice President and Controller (principal financial officer)

Date February 29, 2012

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