UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07672

Name of Fund: BlackRock New York Investment Quality Municipal Trust, Inc. (RNY)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New York Investment Quality Municipal Trust, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2009

Date of reporting period: 08/01/2008 – 10/31/2008


Item 1 – Schedule of Investments

BlackRock New York Investment Quality Municipal Trust, Inc.
Schedule of Investments October 31, 2008 (Unaudited)   (Percentages shown are based on Net Assets)
    Par    
  Municipal Bonds (000 ) Value     
New York - 143.7% Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter      
  School Project), Series A, 7%, 5/01/25 $      95   $      66,687
  Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter      
  School Project), Series A, 7%, 5/01/35 60   40,159
  Albany, New York, Municipal Water Finance Authority, Second Resolution      
  Revenue Bonds, Series B, 5%, 12/01/33 (a) 1,000   836,040
  Essex County, New York, IDA, Environmental Improvement Revenue Bonds      
  (International Paper Company Project), AMT, Series A, 6.625%, 9/01/32 100     73,487
  Genesee County, New York, IDA, Civic Facility Revenue Refunding Bonds      
  (United Memorial Medical Center Project), 5%, 12/01/27 100   63,962
  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A,      
  4.50%, 2/15/47 (a) 75   52,982
  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A,      
  5%, 2/15/47 (b) 100   76,029
  Madison County, New York, IDA, Civic Facility Revenue Bonds (Colgate      
  University Project), Series B, 5%, 7/01/23 2,000   1,973,280
  Metropolitan Transportation Authority, New York, Revenue Bonds, Series C,      
  6.50%, 11/15/28 250   263,947
  New York City, New York, City Housing Development Corporation, M/F      
  Housing Revenue Bonds, AMT, Series B-1, 5.15%, 11/01/37 250   191,160
  New York City, New York, City Housing Development Corporation, M/F      
  Housing Revenue Bonds, AMT, Series J-2, 4.75%, 11/01/27 500   380,610
  New York City, New York, City Housing Development Corporation, M/F      
  Housing Revenue Bonds, Series A, 5.25%, 5/01/30 (c)(d) 1,000   885,840
  New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball      
  Stadium Project), 5%, 1/01/39 (e) 250   206,912
  New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball      
  Stadium Project), 5%, 1/01/46 (e) 400   319,472
  New York City, New York, City IDA, Revenue Bonds (IAC/InterActiveCorp      
  Project), 5%, 9/01/35 500   322,815
  New York City, New York, City IDA, Special Facility Revenue Bonds (American      
  Airlines, Inc. - JFK International Airport), AMT, 7.625%, 8/01/25 950   668,125
  New York City, New York, City IDA, Special Facility Revenue Bonds      
  (Continental Airlines, Inc. Project), AMT, 7.75%, 8/01/31 300   206,259
  New York City, New York, City Municipal Water Finance Authority, Water and      
  Sewer System Revenue Bonds, Series A, 4.25%, 6/15/33 250   192,855
  New York City, New York, City Municipal Water Finance Authority, Water and      
  Sewer System Revenue Bonds, Series A, 5.75%, 6/15/40 100   99,674
       
Portfolio Abbreviations      

To simplify the listings of portfolio holdings in the Schedule of Investments, we have abbreviated the names and descriptions of many of the securities according to the list below.
 
AMT   Alternative Minimum Tax (subject to)   IDA   Industrial Development Authority
GO   General Obligation Bonds   M/F   Multi-Family
HFA   Housing Finance Agency   PILOT   Payment in Lieu of Taxes

1


BlackRock New York Investment Quality Municipal Trust, Inc.
Schedule of Investments October 31, 2008 (Unaudited)   (Percentages shown are based on Net Assets)
    Par    
  Municipal Bonds (000 ) Value     
  New York City, New York, City Municipal Water Finance Authority, Water and      
  Sewer System Revenue Bonds, Series C, 5.125%, 6/15/33 $    1,000   $      962,720
  New York City, New York, City Municipal Water Finance Authority, Water and      
  Sewer System, Revenue Refunding Bonds, Series B, 5%, 6/15/36 (f) 1,000   905,700
  New York City, New York, City Transitional Finance Authority, Building Aid      
  Revenue Refunding Bonds, Series S-1, 4.50%, 1/15/38 100   77,569
  New York City, New York, City Transitional Finance Authority, Future Tax      
  Secured Revenue Bonds, Series B, 6%, 5/15/10 (g) 1,815   1,933,647
  New York City, New York, GO, Refunding, Series A, 6%, 5/15/10 (g) 500   532,685
  New York City, New York, GO, Refunding, Series A, 6%, 5/15/30 10   10,087
  New York City, New York, Sales Tax Asset Receivable Corporation Revenue      
  Bonds, Series A, 5%, 10/15/32 (e) 2,000   1,882,900
  New York Convention Center Development Corporation, New York, Revenue      
  Bonds (Hotel Unit Fee Secured), 5%, 11/15/44 (e) 850   691,704
  New York Liberty Development Corporation Revenue Bonds (National Sports      
  Museum Project), Series A, 6.125%, 2/15/19 (h) 175   20,932
  New York State Dormitory Authority, Hospital Revenue Bonds (Lutheran      
  Medical Center), 5%, 8/01/31 (a)(c) 750   621,097
  New York State Dormitory Authority, Non-State Supported Debt, Lease      
  Revenue Bonds (Municipal Health Facilities Improvement Program),      
  Sub-Series 2-4, 4.75%, 1/15/30 300   265,158
  New York State Dormitory Authority, Non-State Supported Debt Revenue      
  Bonds (Fordham University), Series B, 5%, 7/01/38 (i) 100   90,161
  New York State Dormitory Authority, Non-State Supported Debt Revenue      
  Bonds (Manhattan College), Series B, 5.30%, 7/01/37 (j) 150   121,923
  New York State Dormitory Authority, Non-State Supported Debt Revenue      
  Bonds (New York University Hospitals Center), Series B, 5.625%, 7/01/37 150   105,831
  New York State Dormitory Authority, Non-State Supported Debt, Revenue      
  Refunding Bonds (School Districts Financing Program), Series B,      
  5%, 4/01/36 (f) 150   137,260
  New York State Dormitory Authority Revenue Bonds (University of Rochester),      
  Series B, 5.625%, 7/01/09 (g) 500   518,500
  New York State Dormitory Authority, Revenue Refunding Bonds (Kateri      
  Residence), 5%, 7/01/22 1,000   973,390
  New York State Dormitory Authority, Revenue Refunding Bonds (Mount Sinai      
  Health), Series A, 6.50%, 7/01/25 1,000   910,920
  New York State Dormitory Authority, Revenue Refunding Bonds (State      
  University Educational Facilities), Series A, 5.25%, 5/15/15 (e) 1,005   1,035,643
  New York State, HFA, Housing Revenue Bonds (Tri-Senior Development      
  Project), AMT, Series A, 5.40%, 11/15/42 (k) 100   77,145
  New York State, HFA, M/F Housing Revenue Bonds (Kensico Terrace      
  Apartments), AMT, Series B, 4.95%, 2/15/38 150   106,918
  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds,      
  AMT, Series 143, 4.90%, 10/01/37 100   70,677

2


BlackRock New York Investment Quality Municipal Trust, Inc.
Schedule of Investments October 31, 2008 (Unaudited)   (Percentages shown are based on Net Assets)
    Par        
  Municipal Bonds (000 )   Value  
  Port Authority of New York and New Jersey, Special Obligation Revenue          
  Bonds (Continental Airlines, Inc. - LaGuardia Project), AMT, 9.125%, $      955   $ 955,850  
  Rensselaer County, New York, IDA, Civic Facility Revenue Bonds (Rensselaer          
  Polytechnic Institute), 5%, 3/01/36 150     128,349  
  Rochester, New York, Housing Authority, Mortgage Revenue Bonds (Andrews          
  Terrace Apartments Project), AMT, 4.70%, 12/20/38 (d) 250     167,878  
  Saratoga County, New York, IDA, Civic Facility Revenue Bonds (The Saratoga          
  Hospital Project), Series B, 5.25%, 12/01/32 100     75,807  
  Schenectady, New York, IDA, Civic Facility Revenue Refunding Bonds (Union          
  College Project), 5%, 7/01/31 500     449,285  
  Suffolk County, New York, IDA, Continuing Care and Retirement, Revenue          
  Refunding Bonds (Jeffersons Ferry Project), 5%, 11/01/28 115     84,415  
  Triborough Bridge and Tunnel Authority, New York, Revenue Refunding          
  Bonds, Series A, 5%, 1/01/12 (a)(g) 500     531,375  
  Triborough Bridge and Tunnel Authority, New York, Revenue Refunding          
  Bonds, Series A, 5%, 1/01/32 (a) 155     140,576  
          21,506,397  
Guam - 0.5% Guam Economic Development and Commerce Authority, Tobacco Settlement          
  Asset-Backed Revenue Refunding Bonds, 5.625%, 6/01/47 100     72,192  
Puerto Rico - 13.7% Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue          
  Refunding Bonds, 5.625%, 5/15/43 500     364,100  
  Puerto Rico Commonwealth, GO, Refunding, Sub-Series C-7, 6%, 7/01/28 (a) 250     242,680  
  Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax          
  and Capital Appreciation Revenue Bonds, Series A, 5.16%, 7/01/44 (e) 395     33,441  
  Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5%,          
  7/01/14 (g)(l) 195     210,846  
  Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5%, 7/01/34 120     96,268  
  Puerto Rico Industrial, Tourist, Educational, Medical and Environmental          
  Control Facilities Revenue Bonds (Ana G. Mendez University System          
  Project), 5%, 3/01/26 800     584,720  
  Puerto Rico Public Finance Corporation, Commonwealth Appropriation          
  Revenue Bonds, Series E, 5.50%, 2/01/12 (g) 495     527,487  
          2,059,542  
  Total Long-Term Investments (Cost - $26,431,401) - 157.9%       23,638,131  
  Short-Term Securities Shares        
  CMA New York Municipal Money Fund, 1.20% (m)(n) 613,921     613,921  
  Total Short-Term Securities          
  (Cost - $613,921) - 4.1%       613,921  
  Total Investments (Cost - $27,045,322*) - 162.0%       24,252,052  
  Other Assets Less Liabilities - 3.5%       521,917  
  Preferred Shares, at Redemption Value - (65.5)%       (9,806,213 )
  Net Assets Applicable to Common Shares - 100.0%     $ 14,967,756  

3


BlackRock New York Investment Quality Municipal Trust, Inc.
Schedule of Investments October 31, 2008 (Unaudited)    
   
* The cost and unrealized appreciation (depreciation) of investments as of October 31, 2008, as computed for federal income tax purposes, were as follows:
  Aggregate cost   $ 27,045,322    
  Gross unrealized appreciation   $ 423,884    
  Gross unrealized depreciation     (3,217,154 )  
  Net unrealized depreciation   $ (2,793,270 )  
(a)   MBIA Insured.
(b)   FGIC Insured.
(c)   FHA Insured.
(d)   GNMA Collateralized.
(e)   AMBAC Insured.
(f)   FSA Insured.
(g)   U.S. government securities, held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.
(h)   Issuer filed for bankruptcy or is in default of interest payments.
(i)   Assured Guaranty Insured.
(j)   Radian Insured.
(k)   FNMA Collateralized.
(l)   Represents a zero-coupon bond. Rate shown is the effective yield at the time of purchase.
(m)   Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:
  Affiliate Net
Activity
  Income
  CMA New York Municipal Money Fund 400,685   $     2,772
(n) Represents the current yield as of report date.      

4


BlackRock New York Investment Quality Municipal Trust, Inc.
Schedule of Investments October 31, 2008 (Unaudited)    
   
Effective August 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:
 
  Level 1 - price quotations in active markets/exchanges for identical securities
 
  Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs)
 
  Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Trust's own assumption used in determining the fair value of investments)
 
  The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust's policy regarding valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements as contained in its annual report.
 
  The following table summarizes the inputs used as of October 31, 2008 in determining the fair valuation of the Trusts' investments:
 
  Valuation     Investments in
  Inputs     Securities
  Level 1   $ 613,921
  Level 2     23,638,131
  Level 3     -
  Total   $ 24,252,052

5


 

Item 2 –   Controls and Procedures
     
2(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”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
 
2(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) 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

Certifications – Attached hereto

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.

BlackRock New York Investment Quality Municipal Trust, Inc.
 
By:
/s/ Donald C. Burke
  Donald C. Burke
  Chief Executive Officer of
  BlackRock New York Investment Quality Municipal Trust, Inc.
 
Date: December 19, 2008

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

By:
/s/ Donald C. Burke
  Donald C. Burke
  Chief Executive Officer (principal executive officer) of
  BlackRock New York Investment Quality Municipal Trust, Inc.
 
Date: December 19, 2008
 
By:
/s/ Neal J. Andrews
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock New York Investment Quality Municipal Trust, Inc.
 
Date: December 19, 2008


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