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 811-6295
 
Nuveen New York Select Quality Municipal Fund, Inc.
(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:             9/30          
 
Date of reporting period:          12/31/12         
 
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 Quality Municipal Fund, Inc. (NVN)  
     
   
December 31, 2012  
     
 
 
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 2.5% (1.6% of Total Investments)  
     
$    10,720  
 
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42  
6/16 at 100.00  
B+  
$    9,194,758  
   
Education and Civic Organizations – 27.0% (17.8% of Total Investments)  
     
2,500  
 
Dormitory Authority of the State of New York, General Revenue Bonds, New York University,  
No Opt. Call  
AA–  
3,292,750  
   
Series 2001-1, 5.500%, 7/01/40 – AMBAC Insured  
     
3,000  
 
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,  
7/17 at 100.00  
A–  
3,344,340  
   
Series 2007A, 5.250%, 7/01/32 – NPFG Insured  
     
1,235  
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  
No Opt. Call  
BBB  
1,435,688  
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured  
     
2,000  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
No Opt. Call  
Aa2  
2,048,560  
   
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured  
     
1,835  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/15 at 100.00  
Aa2  
1,974,882  
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured  
     
2,790  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/16 at 100.00  
Aa2  
3,057,701  
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured  
     
6,215  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/19 at 100.00  
Aa2  
6,961,670  
   
Facilities, Series 2009A, 5.000%, 7/01/39  
     
735  
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,  
7/17 at 100.00  
BBB  
800,356  
   
5.000%, 7/01/37 – FGIC Insured  
     
5,680  
 
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A,  
4/21 at 100.00  
AAA  
6,633,331  
   
5.000%, 10/01/41  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,  
     
   
Series 2011:  
     
1,000  
 
5.625%, 11/01/35 – AGM Insured  
5/21 at 100.00  
AA–  
1,186,160  
1,020  
 
5.750%, 11/01/40 – AGM Insured  
5/21 at 100.00  
AA–  
1,210,944  
995  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,  
7/17 at 100.00  
AA–  
1,101,366  
   
5.000%, 7/01/32 – AMBAC Insured  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A:  
     
3,300  
 
5.250%, 7/01/34  
7/19 at 100.00  
AA–  
3,939,144  
3,890  
 
5.000%, 7/01/39  
7/19 at 100.00  
AA–  
4,507,265  
3,750  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B,  
7/19 at 100.00  
AA–  
4,345,050  
   
5.000%, 7/01/39  
     
3,115  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2012A,  
7/22 at 100.00  
AA–  
3,696,041  
   
5.000%, 7/01/32  
     
1,600  
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell  
7/20 at 100.00  
Aa1  
1,839,552  
   
University, Series 2008C, 5.000%, 7/01/37  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology,  
     
   
Series 2006A:  
     
775  
 
5.250%, 7/01/20 – AMBAC Insured  
No Opt. Call  
A1  
957,210  
620  
 
5.250%, 7/01/21 – AMBAC Insured  
No Opt. Call  
A1  
771,857  
3,545  
 
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate  
No Opt. Call  
AA+  
4,014,429  
   
University, Tender Option Bond Trust 3127, 13.023%, 1/01/14 – AMBAC Insured (IF)  
     
7,250  
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Horace  
3/13 at 100.00  
BBB  
7,272,548  
   
Mann School, Series 1998, 5.000%, 7/01/28 – NPFG Insured  
     
800  
 
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,  
1/19 at 100.00  
AA–  
940,672  
   
Queens Baseball Stadium Project, Series 2009, 6.375%, 1/01/39 – AGC Insured  
     
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  
     
   
Stadium Project, Series 2006:  
     
2,000  
 
5.000%, 1/01/36 – AMBAC Insured  
1/17 at 100.00  
Ba1  
2,008,620  
3,200  
 
5.000%, 1/01/46 – AMBAC Insured  
1/17 at 100.00  
Ba1  
3,202,304  
1,905  
 
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  
3/19 at 100.00  
AA–  
2,327,015  
   
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured  
     
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium  
     
   
Project, Series 2006:  
     
1,195  
 
5.000%, 3/01/31 – FGIC Insured  
9/16 at 100.00  
BBB  
1,258,443  
9,735  
 
5.000%, 3/01/36 – NPFG Insured  
9/16 at 100.00  
BBB  
10,156,233  
5,830  
 
4.500%, 3/01/39 – FGIC Insured  
9/16 at 100.00  
BBB  
5,920,831  
2,000  
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of  
7/14 at 100.00  
AA  
2,104,980  
   
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured  
     
2,400  
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of  
1/21 at 100.00  
A
2,719,992  
   
American Art, Series 2011, 5.000%, 7/01/31  
     
1,750  
 
Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project,  
7/22 at 100.00  
Baa2  
1,900,885  
   
Series 2012, 5.000%, 7/01/42  
     
1,000  
 
Onongada County Trust For Cultural Resources, New York, Revenue Bonds, Syracuse University  
12/21 at 100.00  
Aa3  
1,159,250  
   
Project, Series 2011, 5.000%, 12/01/36  
     
1,390  
 
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,  
1/21 at 100.00  
Aa3  
1,626,370  
   
5.500%, 7/01/33 – AGM Insured  
     
1,100  
 
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,  
9/20 at 100.00  
A–  
1,221,187  
   
Series 2010A, 5.125%, 9/01/40  
     
91,155  
 
Total Education and Civic Organizations  
   
100,937,626  
   
Financials – 1.8% (1.2% of Total Investments)  
     
5,900  
 
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series  
No Opt. Call  
A
6,892,321  
   
2005, 5.250%, 10/01/35  
     
   
Health Care – 6.6% (4.4% of Total Investments)  
     
2,660  
 
Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011,  
11/20 at 100.00  
A3  
3,217,110  
   
6.125%, 11/15/30  
     
810  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,  
8/19 at 100.00  
AA+  
1,002,383  
   
Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34  
     
2,295  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson  
8/17 at 100.00  
AA–  
2,595,737  
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured  
     
2,655  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  
2/15 at 100.00  
BBB  
2,814,725  
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured  
     
1,000  
 
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical  
2/15 at 100.00  
BBB  
1,075,170  
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc.,  
     
   
Series 2007B:  
     
1,000  
 
5.250%, 7/01/27 – AGC Insured  
7/17 at 100.00  
AA–  
1,138,740  
825  
 
5.125%, 7/01/37 – AGC Insured  
7/17 at 100.00  
AA–  
919,793  
2,575  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital,  
8/14 at 100.00  
AA–  
2,778,992  
   
Series 2004A, 5.250%, 8/15/15 – AGM Insured  
     
   
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,  
     
   
Series 2003A:  
     
2,800  
 
5.250%, 2/15/21 – AMBAC Insured  
2/13 at 100.00  
Aa3  
2,814,392  
3,065  
 
5.250%, 2/15/22 – AMBAC Insured  
2/13 at 100.00  
Aa3  
3,082,838  
1,505  
 
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance &  
7/21 at 100.00  
A–  
1,719,056  
   
Financing Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated  
     
   
Group Project, Series 2011, 5.000%, 7/01/28  
     
1,320  
 
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series  
11/20 at 100.00  
A3  
1,563,976  
   
2010-C2, 6.125%, 11/01/37  
     
22,510  
 
Total Health Care  
   
24,722,912  
   
Housing/Multifamily – 2.5% (1.6% of Total Investments)  
     
   
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  
     
   
Series 2005A:  
     
1,470  
 
5.000%, 7/01/14 – FGIC Insured  
No Opt. Call  
AA–  
1,561,757  
1,470  
 
5.000%, 7/01/16 – FGIC Insured  
7/15 at 100.00  
AA–  
1,625,600  
5,445  
 
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  
7/15 at 100.00  
AA–  
5,906,682  
   
Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB) (4)  
     
   
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project,  
     
   
Series 1996A:  
     
30  
 
6.100%, 11/01/15 – AGM Insured  
3/13 at 100.00  
AA–  
30,140  
170  
 
6.125%, 11/01/20 – AGM Insured  
3/13 at 100.00  
AA–  
170,437  
8,585  
 
Total Housing/Multifamily  
   
9,294,616  
   
Tax Obligation/General – 14.6% (9.6% of Total Investments)  
     
1,500  
 
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured  
3/13 at 100.00  
A2  
1,514,565  
745  
 
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured  
No Opt. Call  
A2  
753,076  
2,000  
 
Erie County, New York, General Obligation Bonds, Series 2005A, 5.000%, 12/01/18 – NPFG Insured  
12/15 at 100.00  
A2  
2,182,760  
600  
 
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28  
8/19 at 100.00  
AA  
713,970  
3,000  
 
New York City, New York, General Obligation Bonds, Fiscal 2012 Series F, 5.000%, 8/01/31  
2/22 at 100.00  
AA  
3,532,620  
1,000  
 
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/31  
8/22 at 100.00  
AA  
1,186,080  
3,300  
 
New York City, New York, General Obligation Bonds, Fiscal 2013 Series A-1, 5.000%, 10/01/33  
10/22 at 100.00  
AA  
3,886,278  
6,500  
 
New York City, New York, General Obligation Bonds, Fiscal 2013 Series C, 5.000%, 8/01/28  
8/22 at 100.00  
AA  
7,788,170  
   
New York City, New York, General Obligation Bonds, Fiscal Series 1998H:  
     
85  
 
5.125%, 8/01/25 – NPFG Insured  
3/13 at 100.00  
AA  
85,332  
70  
 
5.375%, 8/01/27 – NPFG Insured  
3/13 at 100.00  
AA  
70,257  
2,900  
 
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –  
3/15 at 100.00  
AA  
3,169,439  
   
FGIC Insured  
     
1,385  
 
New York City, New York, General Obligation Bonds, Series 2011D-I, 5.000%, 10/01/29  
10/21 at 100.00  
AA  
1,633,497  
   
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012:  
     
2,700  
 
5.000%, 4/01/26  
4/22 at 100.00  
AA  
3,251,799  
2,890  
 
5.000%, 4/01/29  
4/22 at 100.00  
AA  
3,429,447  
   
New York City, New York, General Obligation Bonds, Series 2004E:  
     
3,250  
 
5.000%, 11/01/19 – AGM Insured (UB)  
11/14 at 100.00  
AA  
3,515,720  
1,650  
 
5.000%, 11/01/20 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,784,904  
   
Rensselaer County, New York, General Obligation Bonds, Series 1991:  
     
960  
 
6.700%, 2/15/16 – AMBAC Insured  
No Opt. Call  
AA–  
1,128,662  
960  
 
6.700%, 2/15/17 – AMBAC Insured  
No Opt. Call  
AA–  
1,172,592  
960  
 
6.700%, 2/15/18 – AMBAC Insured  
No Opt. Call  
AA–  
1,214,918  
960  
 
6.700%, 2/15/19 – AMBAC Insured  
No Opt. Call  
AA–  
1,258,886  
960  
 
6.700%, 2/15/20 – AMBAC Insured  
No Opt. Call  
AA–  
1,289,453  
747  
 
6.700%, 2/15/21 – AMBAC Insured  
No Opt. Call  
AA–  
1,027,446  
   
Rochester, New York, General Obligation Bonds, Series 1999:  
     
735  
 
5.250%, 10/01/20 – NPFG Insured  
No Opt. Call  
Aa3  
917,339  
735  
 
5.250%, 10/01/21 – NPFG Insured  
No Opt. Call  
Aa3  
924,645  
730  
 
5.250%, 10/01/22 – NPFG Insured  
No Opt. Call  
Aa3  
923,516  
730  
 
5.250%, 10/01/23 – NPFG Insured  
No Opt. Call  
Aa3  
920,939  
730  
 
5.250%, 10/01/24 – NPFG Insured  
No Opt. Call  
Aa3  
933,276  
730  
 
5.250%, 10/01/25 – NPFG Insured  
No Opt. Call  
Aa3  
939,955  
725  
 
5.250%, 10/01/26 – NPFG Insured  
No Opt. Call  
Aa3  
939,252  
2,190  
 
Yonkers, New York, General Obligation Bonds, Series 2005B, 5.000%, 8/01/19 – NPFG Insured  
8/15 at 100.00  
BBB+  
2,343,650  
46,427  
 
Total Tax Obligation/General  
   
54,432,443  
   
Tax Obligation/Limited – 55.6% (36.6% of Total Investments)  
     
7,145  
 
Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School District  
3/13 at 100.00  
BBB  
7,172,294  
   
Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured  
     
3,610  
 
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2,  
7/14 at 100.00  
AA–  
3,853,025  
   
5.000%, 7/01/20 – FGIC Insured  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities  
     
   
Improvements, Series 2005D-1:  
     
670  
 
5.000%, 2/15/15 – FGIC Insured  
No Opt. Call  
AA–  
731,995  
1,715  
 
5.000%, 8/15/23 – FGIC Insured  
2/15 at 100.00  
AA–  
1,858,254  
20  
 
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,  
3/13 at 100.00  
A+  
20,077  
   
Series 2002D, 5.250%, 10/01/23 – NPFG Insured  
     
20,000  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General  
3/21 at 100.00  
AAA  
22,865,998  
   
Purpose Series 2011C, 5.000%, 3/15/41  
     
55  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/13 at 100.00  
AAA  
60,249  
   
2005F, 5.000%, 3/15/21 – AGM Insured  
     
3,300  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/19 at 100.00  
AA–  
3,777,246  
   
City School District Project, Series 2009A, 5.000%, 5/01/31  
     
7,545  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/17 at 100.00  
AA–  
8,737,035  
   
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)  
     
2,390  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/18 at 100.00  
AA–  
2,828,565  
   
City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)  
     
5,400  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series  
2/21 at 100.00  
A
6,416,928  
   
2011A, 5.750%, 2/15/47  
     
   
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:  
     
14,405  
 
5.000%, 2/15/47 – FGIC Insured  
2/17 at 100.00  
A
15,239,625  
2,100  
 
5.000%, 2/15/47 – AGM Insured  
2/17 at 100.00  
AA–  
2,233,308  
2,415  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series  
11/22 at 100.00  
AA  
2,901,574  
   
2012A, 5.000%, 11/15/29  
     
2,000  
 
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bond, Series  
No Opt. Call  
AA–  
2,460,180  
   
2002A, 5.750%, 7/01/18 – AGM Insured (UB)  
     
1,205  
 
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local  
10/14 at 100.00  
AAA  
1,286,579  
   
Government Assistance Corporation, Series 2004A, 5.000%, 10/15/32 – AMBAC Insured  
     
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local  
     
   
Government Assistance Corporation, Series 2004A:  
     
3,640  
 
5.000%, 10/15/25 – NPFG Insured (UB) (4)  
10/14 at 100.00  
AAA  
3,918,424  
1,960  
 
5.000%, 10/15/26 – NPFG Insured (UB) (4)  
10/14 at 100.00  
AAA  
2,098,474  
5,420  
 
5.000%, 10/15/29 – AMBAC Insured (UB) (4)  
10/14 at 100.00  
AAA  
5,791,920  
1,500  
 
5.000%, 10/15/32 – AMBAC Insured (UB) (4)  
10/14 at 100.00  
AAA  
1,601,550  
5,600  
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series  
1/17 at 100.00  
AA–  
6,277,152  
   
2007S-2, 5.000%, 1/15/28 – FGIC Insured  
     
   
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
     
   
Series E-1:  
     
2,370  
 
5.000%, 2/01/35  
2/22 at 100.00  
AAA  
2,765,909  
2,890  
 
5.000%, 2/01/37  
2/22 at 100.00  
AAA  
3,340,291  
3,000  
 
5.000%, 2/01/42  
2/22 at 100.00  
AAA  
3,459,720  
17,200  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
5/22 at 100.00  
AAA  
19,883,027  
   
Series F-1, 5.000%, 5/01/39  
     
60  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series  
2/13 at 100.00  
AAA  
60,242  
   
2003E, 5.250%, 2/01/22 – NPFG Insured  
     
3,800  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series  
5/17 at 100.00  
AAA  
4,313,456  
   
2007B, 5.000%, 11/01/30  
     
4,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
11/20 at 100.00  
AAA  
4,806,200  
   
Subordinate Lien Series 2011C, 5.500%, 11/01/35  
     
1,660  
 
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%,  
4/21 at 100.00  
AA+  
2,010,941  
   
4/01/33 – AGM Insured  
     
   
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option  
     
   
Bonds Trust 3095:  
     
835  
 
13.599%, 11/15/30 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
1,000,088  
3,955  
 
13.585%, 11/15/44 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
4,551,137  
1,000  
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series  
4/14 at 100.00  
AA  
1,056,880  
   
2004A, 5.000%, 4/01/22 – NPFG Insured  
     
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,  
     
   
Series 2005B:  
     
8,455  
 
5.500%, 4/01/20 – AMBAC Insured  
No Opt. Call  
AA  
10,766,597  
1,500  
 
5.000%, 4/01/21 – AMBAC Insured  
10/15 at 100.00  
AA  
1,668,735  
1,000  
 
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A,  
9/14 at 100.00  
AAA  
1,073,940  
   
5.000%, 3/15/24 – AMBAC Insured  
     
1,600  
 
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A,  
9/20 at 100.00  
AAA  
1,904,032  
   
5.000%, 3/15/29  
     
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  
     
   
State Contingency Contract-Backed Bonds, Series 2003A-1:  
     
11,100  
 
5.250%, 6/01/20 – AMBAC Insured  
6/13 at 100.00  
AA–  
11,321,666  
1,000  
 
5.250%, 6/01/21 – AMBAC Insured  
6/13 at 100.00  
AA–  
1,019,630  
4,565  
 
5.250%, 6/01/22 – AMBAC Insured  
6/13 at 100.00  
AA–  
4,653,835  
400  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AAA  
419,600  
   
2005B, 5.000%, 3/15/30 – AGM Insured  
     
4,000  
 
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series  
No Opt. Call  
AA–  
4,364,720  
   
2002E, 5.500%, 7/01/18 – AGM Insured  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate  
     
   
Series 2010A:  
     
2,000  
 
0.000%, 8/01/33  
8/29 at 100.00  
A+  
1,677,380  
2,500  
 
5.000%, 8/01/40 – AGM Insured  
2/20 at 100.00  
AA–  
2,598,825  
1,175  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/20 at 100.00  
AA–  
1,233,633  
   
2010C, 5.125%, 8/01/42 – AGM Insured  
     
24,900  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,  
No Opt. Call  
AA–  
5,668,983  
   
0.000%, 8/01/39  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:  
     
53,475  
 
0.000%, 8/01/46 – NPFG Insured  
No Opt. Call  
AA–  
7,694,518  
16,120  
 
0.000%, 8/01/47 – AMBAC Insured  
No Opt. Call  
AA–  
2,154,277  
266,655  
 
Total Tax Obligation/Limited  
   
207,598,714  
   
Transportation – 8.4% (5.5% of Total Investments)  
     
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:  
     
1,900  
 
4.750%, 11/15/27 – NPFG Insured  
11/15 at 100.00  
AA–  
2,072,083  
4,000  
 
4.750%, 11/15/30 – AMBAC Insured  
11/15 at 100.00  
A
4,288,640  
1,000  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A,  
11/21 at 100.00  
A
1,117,160  
   
5.000%, 11/15/41  
     
5,195  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012C,  
11/22 at 100.00  
A
5,861,363  
   
5.000%, 11/15/41  
     
2,280  
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,  
11/21 at 100.00  
A+  
2,561,945  
   
Series 2011, 5.000%, 11/15/44  
     
955  
 
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,  
1/18 at 100.00  
A+  
1,097,295  
   
1/01/25 – FGIC Insured  
     
   
New York State Thruway Authority, General Revenue Bonds, Series 2005F:  
     
2,625  
 
5.000%, 1/01/20 – AMBAC Insured  
1/15 at 100.00  
A+  
2,839,226  
425  
 
5.000%, 1/01/30 – AMBAC Insured  
1/15 at 100.00  
A+  
456,165  
1,650  
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  
7/15 at 100.00  
AA–  
1,794,375  
   
AGM Insured (UB)  
     
1,675  
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth  
6/15 at 101.00  
AA–  
1,814,511  
   
Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured  
     
1,170  
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  
8/17 at 100.00  
AA–  
1,693,364  
   
Eighth Series 2008, Tender Option Bond Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)  
     
   
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue  
     
   
Refunding Bonds, Series 2002E:  
     
1,570  
 
5.500%, 11/15/20 – NPFG Insured  
No Opt. Call  
A+  
2,004,498  
3,800  
 
5.250%, 11/15/22 – NPFG Insured  
3/13 at 100.00  
A+  
3,814,858  
28,245  
 
Total Transportation  
   
31,415,483  
   
U.S. Guaranteed – 10.9% (7.2% of Total Investments) (4)  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  
     
   
Center, Series 2003-1:  
     
1,750  
 
5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured  
7/13 at 100.00  
AA (4)  
1,791,108  
3,210  
 
5.000%, 7/01/22 (Pre-refunded 7/01/13) – NPFG Insured  
7/13 at 100.00  
AA (4)  
3,285,403  
2,085  
 
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian  
8/14 at 100.00  
AA– (4)  
2,239,040  
   
Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured  
     
1,035  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AA– (4)  
1,138,635  
   
2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured  
     
505  
 
Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial  
4/13 at 101.59  
N/R (4)  
540,375  
   
Facilities, Series 1991A, 9.500%, 4/15/14 – FGIC Insured (ETM)  
     
1,700  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/14 at 100.00  
AA– (4)  
1,822,893  
   
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured  
     
11,000  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A,  
10/15 at 100.00  
AA+ (4)  
12,262,359  
   
4.750%, 4/01/28 (Pre-refunded 10/01/15) – FGIC Insured  
     
   
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A:  
     
4,000  
 
5.000%, 4/01/17 (Pre-refunded 10/01/14) – AGM Insured  
10/14 at 100.00  
AA+ (4)  
4,321,640  
3,250  
 
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured  
10/14 at 100.00  
AA+ (4)  
3,511,333  
   
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,  
     
   
Series 2003A:  
     
4,000  
 
5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
4,165,240  
1,560  
 
4.750%, 11/15/21 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
1,621,058  
1,560  
 
4.750%, 11/15/22 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
1,621,058  
210  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System  
6/14 at 100.00  
Aa1 (4)  
224,343  
   
Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 (Pre-refunded 6/15/14) – AMBAC Insured  
     
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series  
2/14 at 100.00  
AAA  
2,101,880  
   
2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured  
     
100  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,  
3/15 at 100.00  
AA– (4)  
110,013  
   
Series 2005B, 5.000%, 3/15/30 (Pre-refunded 3/15/15) – AGM Insured  
     
37,965  
 
Total U.S. Guaranteed  
   
40,756,378  
   
Utilities – 12.4% (8.2% of Total Investments)  
     
900  
 
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured  
10/20 at 100.00  
AA–  
959,103  
295  
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34  
10/22 at 100.00  
BBB  
329,052  
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A:  
     
4,000  
 
0.000%, 6/01/24 – AGM Insured  
No Opt. Call  
AA–  
2,919,560  
4,000  
 
0.000%, 6/01/25 – AGM Insured  
No Opt. Call  
AA–  
2,798,720  
15,000  
 
0.000%, 6/01/26 – AGM Insured  
No Opt. Call  
AA–  
10,013,250  
3,000  
 
0.000%, 6/01/27 – AGM Insured  
No Opt. Call  
AA–  
1,915,830  
4,500  
 
0.000%, 6/01/28 – AGM Insured  
No Opt. Call  
AA–  
2,739,645  
3,000  
 
0.000%, 6/01/29 – AGM Insured  
No Opt. Call  
AA–  
1,731,810  
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:  
     
6,010  
 
5.000%, 12/01/23 – FGIC Insured  
6/16 at 100.00  
A
6,674,826  
7,735  
 
5.000%, 12/01/25 – FGIC Insured  
6/16 at 100.00  
A
8,560,789  
4,000  
 
5.000%, 12/01/26 – AGC Insured  
6/16 at 100.00  
AA+  
4,427,040  
750  
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,  
6/16 at 100.00  
A
817,733  
   
5.000%, 12/01/35 – CIFG Insured  
     
1,830  
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue  
No Opt. Call  
BB+  
1,860,506  
   
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24  
     
650  
 
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,  
11/15 at 100.00  
Aa2  
729,950  
   
11/15/19 – FGIC Insured  
     
55,670  
 
Total Utilities  
   
46,477,814  
   
Water and Sewer – 9.5% (6.3% of Total Investments)  
     
5,000  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/19 at 100.00  
AA+  
5,976,000  
   
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27  
     
2,000  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/17 at 100.00  
AA+  
2,227,420  
   
Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37  
     
3,455  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/16 at 100.00  
AAA  
3,826,965  
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)  
     
5,920  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System  
6/15 at 100.00  
AAA  
6,467,955  
   
Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)  
     
2,790  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System  
6/14 at 100.00  
AAA  
2,932,206  
   
Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured  
     
5,000  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System  
6/13 at 100.00  
AAA  
5,088,250  
   
Revenue Refunding Bonds, Fiscal Series 2003E, 5.000%, 6/15/34  
     
7,100  
 
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,  
6/15 at 100.00  
AAA  
7,514,427  
   
6/01/28 – NPFG Insured  
     
2,230  
 
Upper Mohawk Valley Regional Water Finance Authority, New York, Water System Revenue Bonds,  
No Opt. Call  
A1  
1,632,360  
   
Series 2000, 0.000%, 4/01/23 – AMBAC Insured  
     
33,495  
 
Total Water and Sewer  
   
35,665,583  
$    607,327  
 
Total Investments (cost $519,935,026) – 151.8%  
   
567,388,648  
   
Floating Rate Obligations – (8.7)%  
   
(32,660,000)  
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (44.1)% (6)  
   
(164,800,000)  
   
Other Assets Less Liabilities – 1.0%  
   
3,780,809  
   
Net Assets Applicable to Common Shares – 100%  
   
$   373,709,457  
 
 
 

 
 
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 following is a summary of the three-tiered hierarchy of valuation input levels.
 
  Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
  Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
  Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
         
 
  Level 1  
  Level 2  
  Level 3  
Total  
Long-Term Investments:  
       
   Municipal Bonds  
$ —  
$567,388,648  
$ —  
$567,388,648  
 
The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.
 
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
 
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.
 
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.
 
As of December 31, 2012, the cost of investments was $490,723,088.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2012, were as follows:
     
Gross unrealized:  
   
   Appreciation  
$ 49,453,570  
   Depreciation  
  (5,467,487 )  
Net unrealized appreciation (depreciation) of investments  
$ 43,986,083  
 
(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 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.
(6)
 
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.0%. 
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 Quality Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          March 1, 2013        
 
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:          March 1, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          March 1, 2013        
 

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