Unassociated Document



 
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 811-5238
 
Nuveen New York Municipal Value 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:         12/31/09         
 
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 Municipal Value Fund, Inc. (NNY)       
  December 31, 2009       
Principal    Optional Call     
Amount (000)  Description (1)  Provisions (2)  Ratings (3)  Value 
  Consumer Discretionary – 1.2% (1.2% of Total Investments)       
$      275  New York City Industrial Development Agency, New York, Liberty Revenue Bonds,  9/15 at 100.00  BB+  $      210,559 
  IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35       
1,950  Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,  6/17 at 100.00  BB  1,610,700 
  Series 2007A, 5.000%, 12/01/23       
2,225  Total Consumer Discretionary      1,821,259 
  Consumer Staples – 1.3% (1.3% of Total Investments)       
225  New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,  6/11 at 101.00  BBB  213,809 
  5.250%, 6/01/25       
385  Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,  5/12 at 100.00  BBB  369,404 
  Series 2002, 5.375%, 5/15/33       
165  Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed  6/12 at 100.00  BBB  155,956 
  Bonds, Series 2001A, 5.200%, 6/01/25       
  TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:       
900  4.750%, 6/01/22  6/16 at 100.00  BBB  861,660 
345  5.000%, 6/01/26  6/16 at 100.00  BBB  312,280 
2,020  Total Consumer Staples      1,913,109 
  Education and Civic Organizations – 9.1% (9.0% of Total Investments)       
275  Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series  7/17 at 100.00  BBB  249,417 
  2007A, 5.000%, 7/01/31       
115  Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter  4/17 at 100.00  N/R  88,654 
  Schools, Series 2007A, 5.000%, 4/01/37       
1,350  Brooklyn Areba Local Development Corporation, New York, Payment in Lieu of Taxes Revenue  No Opt. Call  BBB–  1,374,624 
  Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40       
90  Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure  5/16 at 100.00  BBB–  81,123 
  University, Series 2006, 5.000%, 5/01/23       
1,175  Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series  7/17 at 100.00  N/R  1,032,038 
  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  971,820 
  Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured       
800  Dormitory Authority of the State of New York, Insured Revenue Bonds, D’Youville College,  7/11 at 102.00  N/R  804,568 
  Series 2001, 5.250%, 7/01/20 – RAAI Insured       
505  Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  7/15 at 100.00  AA–  510,560 
  Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured       
  Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue       
  Bonds, City University System, Series 1993A:       
1,000  5.750%, 7/01/18  No Opt. Call  AA–  1,156,160 
1,400  6.000%, 7/01/20  No Opt. Call  AA–  1,631,756 
575  Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard  8/17 at 100.00  Baa1  473,610 
  College Project, Series 2007-A2, 4.500%, 8/01/36       
265  Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,  10/15 at 100.00  A  267,086 
  Civic Facility Project, Series 2005, 5.000%, 10/01/35       
245  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.  10/14 at 100.00  A–  231,684 
  Francis College, Series 2004, 5.000%, 10/01/34       
1,100  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of  2/11 at 100.00  A–  1,108,701 
  Greater New York, Series 2002, 5.250%, 8/01/21       
1,175  New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  1/17 at 100.00  BBB  1,028,677 
  Stadium Project, Series 2006, 4.750%, 1/01/42 – AMBAC Insured       
1,610  New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium  9/16 at 100.00  BBB–  1,343,706 
  Project, Series 2006, 4.500%, 3/01/39 – FGIC Insured       
170  Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic  10/17 at 100.00  BBB  149,544 
  College, Series 2007, 5.000%, 10/01/27       
880  Town of Hempstead, New York, Local Development Corporation Revenue Bonds, Molloy College  7/19 at 100.00  BBB+  880,000 
  Project, Series 2009, 5.750%, 7/01/39       
13,730  Total Education and Civic Organizations      13,383,728 
  Financials – 1.2% (1.2% of Total Investments)       
400  Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series  No Opt. Call  A1  399,964 
  2005, 5.250%, 10/01/35       
1,305  Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series  No Opt. Call  A1  1,352,280 
  2007, 5.500%, 10/01/37       
1,705  Total Financials      1,752,244 
  Health Care – 11.6% (11.5% of Total Investments)       
490  Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, Olean General  2/10 at 101.00  A+  491,607 
  Hospital, Series 1998A, 5.250%, 8/01/23       
1,005  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  2/15 at 100.00  A  1,027,572 
  Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured       
700  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical  2/15 at 100.00  A  710,948 
  Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured       
1,800  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt  8/15 at 100.00  A–  1,755,378 
  Hospital, Series 2005, 4.900%, 8/15/31       
1,250  Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long  7/10 at 101.00  BBB+  1,270,100 
  Island Obligated Group – St. Catherine of Siena Medical Center, Series 2000A, 6.500%, 7/01/20       
2,350  Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer  7/16 at 100.00  AA  2,393,052 
  Center, Series 2006-1, 5.000%, 7/01/35       
1,000  Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health Obligated  7/10 at 101.00  A2  1,018,460 
  Group, Series 2000A, 6.500%, 7/01/25       
250  Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health, Series  1/10 at 100.00  A2  250,155 
  2000C, 5.500%, 7/01/26       
1,595  Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian  8/14 at 100.00  AAA  1,724,849 
  Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured       
500  Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities  7/13 at 100.00  Baa1  500,155 
  Hospital, Series 2003B, 5.500%, 7/01/23       
500  Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University  7/13 at 100.00  Baa1  471,705 
  Hospital Association, Series 2003A, 5.500%, 7/01/32       
290  Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,  7/10 at 100.00  BB  246,158 
  Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30       
  Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida       
  Health System, Series 2007A:       
280  5.250%, 2/01/27  No Opt. Call  BBB–  254,394 
260  5.500%, 2/01/32  No Opt. Call  BBB–  233,366 
245  Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, North Shore  No Opt. Call  Baa1  254,682 
  Health System Obligated Group, Series 2001B, 5.875%, 11/01/11       
500  New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series  2/10 at 100.00  A+  501,475 
  1999A, 5.125%, 2/15/14 – AMBAC Insured       
  New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,       
  Series 2003A:       
1,175  5.250%, 2/15/21 – AMBAC Insured  2/13 at 100.00  A+  1,205,715 
1,000  5.250%, 2/15/22 – AMBAC Insured  2/13 at 100.00  A+  1,024,730 
480  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten  7/12 at 100.00  Ba2  439,805 
  Island University Hospital, Series 2001B, 6.375%, 7/01/31       
240  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten  7/12 at 101.00  Ba2  219,718 
  Island University Hospital, Series 2002C, 6.450%, 7/01/32       
660  Newark-Wayne Community Hospital, New York, Hospital Revenue Refunding and Improvement Bonds,  3/10 at 100.00  N/R  660,040 
  Series 1993A, 7.600%, 9/01/15       
500  Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,  7/11 at 101.00  B–  484,430 
  Series 2001A, 7.125%, 7/01/31       
17,070  Total Health Care      17,138,494 
  Housing/Multifamily – 6.3% (6.2% of Total Investments)       
400  East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding  4/10 at 102.00  AAA  410,004 
  Bonds, Bennet Project, Series 2001A, 6.700%, 4/01/21       
1,690  New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  7/15 at 100.00  AA+  1,752,429 
  Series 2005A, 5.000%, 7/01/25 – FGIC Insured       
  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,       
  Series 2001A:       
1,000  5.400%, 11/01/21  5/11 at 101.00  AA  1,021,100 
1,000  5.500%, 11/01/31  5/11 at 101.00  AA  1,011,910 
1,000  5.600%, 11/01/42  5/11 at 101.00  AA  1,010,350 
1,000  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,  5/19 at 100.00  AA  1,028,740 
  Series 2009C-1, 5.500%, 11/01/34       
1,250  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,  5/19 at 100.00  AA  1,245,850 
  Series 2009M, 5.150%, 11/01/45       
440  New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue  8/11 at 100.00  Aa1  446,516 
  Bonds, Series 2001E, 5.600%, 8/15/20 (Alternative Minimum Tax)       
1,275  Westchester County Industrial Development Agency, New York, GNMA Collateralized Mortgage Loan  8/11 at 102.00  Aaa  1,325,108 
  Revenue Bonds, Living Independently for the Elderly Inc., Series 2001A, 5.375%, 8/20/21       
9,055  Total Housing/Multifamily      9,252,007 
  Housing/Single Family – 4.0% (4.0% of Total Investments)       
950  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%,  4/15 at 100.00  Aa1  897,522 
  4/01/27 (Alternative Minimum Tax)       
370  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 148, 2007, 5.200%,  10/17 at 100.00  Aa1  370,670 
  10/01/32 (Alternative Minimum Tax)       
3,750  New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 73A, 5.250%,  3/10 at 100.50  Aa1  3,771,149 
  10/01/17 (Alternative Minimum Tax)       
840  New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-Third Series A, 4.750%,  4/13 at 101.00  Aaa  844,208 
  4/01/23 (Alternative Minimum Tax)       
5,910  Total Housing/Single Family      5,883,549 
  Long-Term Care – 6.1% (6.0% of Total Investments)       
1,000  Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,  2/10 at 100.00  AAA  1,015,930 
  Eger Healthcare Center of Staten Island, Series 1998, 5.100%, 2/01/28       
2,250  Dormitory Authority of the State of New York, FHA-Insured Mortgage Nursing Home Revenue Bonds,  2/10 at 100.00  N/R  2,251,283 
  Rosalind and Joseph Gurwin Jewish Geriatric Center of Long Island, Series 1997, 5.700%,       
  2/01/37 – AMBAC Insured       
1,195  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, German  2/10 at 100.00  AA–  1,196,685 
  Masonic Home Corporation, Series 1996, 5.950%, 8/01/26       
2,000  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, W.K. Nursing  2/10 at 100.00  AAA  2,002,600 
  Home Corporation, Series 1996, 6.125%, 2/01/36       
450  Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of  2/17 at 103.00  A–  446,270 
  Westchester Project, Series 2006, 5.200%, 2/15/41       
270  Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens  11/16 at 100.00  A1  267,856 
  Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31       
135  Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,  7/15 at 100.00  N/R  86,760 
  5.000%, 7/01/35 – ACA Insured       
530  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special  7/11 at 101.00  N/R  535,353 
  Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16       
820  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special  7/16 at 101.00  N/R  738,787 
  Needs Facilities Pooled Program, Series 2008A-1, 5.500%, 7/01/18       
235  Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special  7/16 at 101.00  N/R  204,690 
  Needs Facilities Pooled Program, Series 2008-B1, 5.800%, 7/01/23       
225  Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs  7/16 at 101.00  N/R  195,980 
  Facilities Pooled Program Bonds, Series 2008-C1, 5.800%, 7/01/23       
9,110  Total Long-Term Care      8,942,194 
  Materials – 0.2% (0.2% of Total Investments)       
240  Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,  12/13 at 100.00  BBB  229,546 
  International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)       
  Tax Obligation/General – 9.6% (9.5% of Total Investments)       
2,000  New York City, New York, General Obligation Bonds, Fiscal 2009 Series C, 5.000%, 8/01/23  8/19 at 100.00  AA  2,151,240 
750  New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16  8/14 at 100.00  AA  825,293 
1,000  New York City, New York, General Obligation Bonds, Fiscal Series 2004E, 5.000%, 11/01/19 –  11/14 at 100.00  AAA  1,067,960 
  FSA Insured       
2,000  New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19 –  9/15 at 100.00  AA  2,125,840 
  SYNCORA GTY Insured       
2,795  New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25  8/16 at 100.00  AA  2,932,178 
4,760  New York City, New York, General Obligation Bonds, Series D, 5.125%, 12/01/25  12/17 at 100.00  AA  5,076,871 
13,305  Total Tax Obligation/General      14,179,382 
  Tax Obligation/Limited – 23.0% (22.8% of Total Investments)       
1,000  Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.250%, 11/01/21  11/13 at 100.00  AAA  1,118,380 
395  Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series  7/15 at 100.00  AA–  416,172 
  2005A, 5.250%, 7/01/24 – CIFG Insured       
275  Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  3/15 at 100.00  AAA  295,218 
  2005F, 5.000%, 3/15/21 – FSA Insured       
350  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  5/14 at 100.00  AAA  371,837 
  City School District, Series 2004, 5.750%, 5/01/26 – FSA Insured       
  Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A:       
2,000  5.250%, 11/15/25 – FSA Insured  11/12 at 100.00  AAA  2,109,900 
1,000  5.000%, 11/15/30  11/12 at 100.00  AA  1,011,940 
1,500  Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,  11/19 at 100.00  AA  1,556,745 
  5.000%, 11/15/34       
1,000  Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,  7/12 at 100.00  AA–  1,018,880 
  Series 2002A, 5.125%, 1/01/29       
560  Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,  1/13 at 102.00  BBB  453,074 
  5.500%, 1/01/34       
  New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local       
  Government Assistance Corporation, Series 2004A:       
740  5.000%, 10/15/25 – NPFG Insured  10/14 at 100.00  AAA  792,866 
550  5.000%, 10/15/26 – NPFG Insured  10/14 at 100.00  AAA  583,539 
1,890  5.000%, 10/15/29 – AMBAC Insured  10/14 at 100.00  AAA  1,981,174 
1,200  New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal  1/17 at 100.00  AA–  1,262,436 
  Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured       
1,500  New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal  1/19 at 100.00  AA–  1,570,275 
  Series 2009-S5, 5.250%, 1/15/39       
1,330  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  2/13 at 100.00  AAA  1,393,667 
  Series 2003E, 5.000%, 2/01/23       
1,530  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  11/17 at 100.00  AAA  1,642,577 
  Series 2007C-1, 5.000%, 11/01/27       
1,000  New York State Environmental Facilities Corporation, Infrastructure Revenue Bonds, Series  3/14 at 100.00  AA–  1,046,020 
  2003A, 5.000%, 3/15/21       
2,100  New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,  12/17 at 100.00  AAA  2,256,660 
  Series 2008A, 5.000%, 12/15/27 (UB)       
840  New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic  9/15 at 100.00  AAA  860,874 
  Development and Housing, Series 2006A, 5.000%, 3/15/36       
1,000  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series  10/15 at 100.00  AA  1,072,240 
  2005B, 5.000%, 4/01/21 – AMBAC Insured       
2,450  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,  No Opt. Call  AA  2,855,059 
  5.500%, 4/01/20 – AMBAC Insured (UB)       
1,175  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,  10/17 at 100.00  AA  1,242,939 
  5.000%, 4/01/27       
1,065  New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2002A,  3/12 at 100.00  AAA  1,138,666 
  5.125%, 3/15/21       
  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and       
  State Contingency Contract-Backed Bonds, Series 2003A-1:       
1,800  5.250%, 6/01/20 – AMBAC Insured  6/13 at 100.00  AA–  1,903,230 
2,000  5.250%, 6/01/22 – AMBAC Insured  6/13 at 100.00  AA–  2,107,240 
1,000  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  6/13 at 100.00  AA–  1,062,790 
  State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21       
600  New York State Urban Development Corporation, Special Project Revenue Bonds, University  No Opt. Call  AA–  711,084 
  Facilities Grants, Series 1995, 5.875%, 1/01/21       
20  Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E,  No Opt. Call  AA–  20,000 
  7.250%, 1/01/10       
31,870  Total Tax Obligation/Limited      33,855,482 
  Transportation – 9.3% (9.2% of Total Investments)       
180  Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25  7/11 at 101.00  BBB+  182,947 
2,500  Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2007B,  11/17 at 100.00  A  2,533,950 
  5.000%, 11/15/33       
500  Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,  11/12 at 100.00  A  539,895 
  Series 2002A, 5.500%, 11/15/19 – AMBAC Insured       
1,100  New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,  6/10 at 101.00  BB  741,752 
  British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)       
1,000  New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK  8/12 at 101.00  B–  1,024,190 
  Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)       
500  New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,  1/16 at 100.00  A3  503,040 
  Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)       
1,000  New York City Industrial Development Authority, New York, JetBlue,, 5.125%, 5/15/30  5/12 at 100.00  B–  737,240 
  (Alternative Minimum Tax)       
165  New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 –  1/15 at 100.00  A+  168,287 
  AMBAC Insured       
400  New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  7/15 at 100.00  AAA  413,388 
  FSA Insured       
500  Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara  4/10 at 100.50  A  501,115 
  International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)       
  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth       
  Series 2005:       
1,000  5.000%, 12/01/28 – SYNCORA GTY Insured  6/15 at 101.00  AA–  1,060,320 
435  5.000%, 12/01/31 – SYNCORA GTY Insured  6/15 at 101.00  AA–  454,514 
325  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  8/17 at 100.00  AAA  388,544 
  Eighth Series 2007, Trust 2920, 17.292%, 8/15/32 – FSA Insured (IF)       
2,500  Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds,  11/12 at 100.00  Aa2  2,656,249 
  Series 2002B, 5.000%, 11/15/21       
  Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue       
  Refunding Bonds, Series 2002E:       
780  5.500%, 11/15/20 – NPFG Insured  No Opt. Call  Aa3  912,327 
800  5.250%, 11/15/22 – NPFG Insured  11/12 at 100.00  Aa3  854,752 
13,685  Total Transportation      13,672,510 
  U.S. Guaranteed – 6.6% (6.5% of Total Investments) (4)       
  Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School,       
  Series 2000A:       
600  5.700%, 10/01/20 (Pre-refunded 10/01/10) – RAAI Insured  10/10 at 100.00  N/R (4)  624,600 
750  5.750%, 10/01/30 (Pre-refunded 10/01/10) – RAAI Insured  10/10 at 100.00  N/R (4)  781,035 
220  Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25  7/11 at 101.00  BBB+ (4)  239,430 
  (Pre-refunded 7/15/11)       
2,525  Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk  No Opt. Call  AAA  3,019,722 
  County Issue, Series 1986, 7.375%, 7/01/16 (ETM)       
25  Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial  4/10 at 105.68  Baa1 (4)  32,437 
  Facilities, Series 1991A, 9.500%, 4/15/14 (ETM)       
280  Erie County Tobacco Asset Securitization Corporation, New York, Senior Tobacco Settlement  7/10 at 101.00  AAA  291,500 
  Asset-Backed Bonds, Series 2000, 6.000%, 7/15/20 (Pre-refunded 7/15/10)       
960  Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series  1/10 at 100.00  N/R (4)  963,331 
  1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)       
420  Monroe Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed  6/10 at 101.00  AAA  433,364 
  Bonds, Series 2000, 6.150%, 6/01/25 (Pre-refunded 6/01/10)       
365  New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special  7/10 at 102.00  N/R (4)  384,126 
  Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19 (Pre-refunded 7/01/10)       
555  New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2002A,  3/12 at 100.00  Aa3 (4)  604,351 
  5.125%, 3/15/21 (ETM)       
1,000  Niagara Falls, Niagara County, New York, General Obligation Water Treatment Plant Bonds,  No Opt. Call  A (4)  1,118,610 
  Series 1994, 7.250%, 11/01/11 – MBIA Insured (Alternative Minimum Tax) (ETM)       
1,120  Yonkers Industrial Development Agency, New York, Revenue Bonds, Community Development  2/11 at 100.00  Baa3 (4)  1,191,445 
  Properties – Yonkers Inc. Project, Series 2001A, 6.625%, 2/01/26 (Pre-refunded 2/01/11)       
8,820  Total U.S. Guaranteed      9,683,951 
  Utilities – 6.3% (6.2% of Total Investments)       
  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:       
1,500  5.000%, 12/01/23 – FGIC Insured  6/16 at 100.00  A  1,567,695 
1,500  5.000%, 12/01/24 – FGIC Insured  6/16 at 100.00  A  1,561,695 
250  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,  6/16 at 100.00  A–  252,585 
  5.000%, 12/01/35 – CIFG Insured       
1,000  Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,  6/13 at 100.00  A–  961,330 
  Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)       
1,500  New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New  3/11 at 100.00  A  1,516,755 
  York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – NPFG Insured       
500  Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue  11/11 at 101.00  Baa2  499,415 
  Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory put       
  11/15/12) (Alternative Minimum Tax)       
250  Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue  11/11 at 101.00  Baa2  248,670 
  Bonds, American Ref-Fuel Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory put       
  11/15/14) (Alternative Minimum Tax)       
1,500  Power Authority of the State of New York, General Revenue Bonds, Series 2000A, 5.250%, 11/15/40  11/10 at 100.00  Aa2  1,509,195 
25  Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,  11/15 at 100.00  Aa2  26,704 
  11/15/19 – FGIC Insured       
  Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue       
  Cogeneration Partners Facility, Series 1998:       
705  5.300%, 1/01/13 (Alternative Minimum Tax)  1/10 at 100.50  N/R  661,241 
575  5.500%, 1/01/23 (Alternative Minimum Tax)  1/10 at 100.50  N/R  476,572 
9,305  Total Utilities      9,281,857 
  Water and Sewer – 1.9% (1.9% of Total Investments)       
415  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  6/10 at 101.00  AAA  428,836 
  Bonds, Fiscal Series 2000B, 6.100%, 6/15/31 – MBIA Insured       
1,500  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  6/11 at 101.00  AAA  1,616,955 
  Bonds, Fiscal Series 2001D, 5.500%, 6/15/17       
740  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  6/12 at 100.00  AAA  804,565 
  Bonds, Fiscal Series 2003A, 5.375%, 6/15/19       
2,655  Total Water and Sewer      2,850,356 
$    140,705  Total Long-Term Investments (cost $141,733,821) – 97.7%      143,839,668 
  Short-Term Investments – 3.4% (3.3% of Total Investments)       
  Tax Obligation/Limited – 3.4% (3.3% of Total Investments)       
$        4,975  Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Variable Rate  1/10 at 100.00  A–1  4,975,000 
  Demand Revenue Obligations, Series 2008A, 0.280%, 11/01/31 – FSA Insured (5)       
  Total Short-Term Investments (cost $4,975,000)      4,975,000 
  Total Investments (cost $146,708,821) – 101.1%      148,814,668 
  Floating Rate Obligations – (2.2)%      (3,255,000)
  Other Assets Less Liabilities – 1.1%      1,701,944 
  Net Assets Applicable to Common Shares – 100%      $ 147,261,612 



 


 


 


 


 

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 methodology 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, 2009:

  Level 1  Level 2  Level 3  Total 
Investments:         
Municipal Bonds  $ —  $143,839,668  $ —  $143,839,668 
Short-Term Investments  —  4,975,000  —  4,975,000 
Total  $ —  $148,814,668  $ —  $148,814,668 

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, 2009, the cost of investments was $143,124,505.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2009, were as follows:

Gross unrealized:   
  Appreciation  $ 4,613,654 
  Depreciation  (2,180,421)
Net unrealized appreciation (depreciation) of investments  $ 2,433,233 

(1)  All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
  shares unless otherwise noted. 
(2)  Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
  There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
  may be subject to periodic principal paydowns. 
(3)  Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, 
  Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be 
  below investment grade. 
(4)  Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities 
  which ensure the timely payment of principal and interest. Such investments are normally considered to 
  be equivalent to AAA rated securities. 
(5)  Investment has a maturity of more than one year, but has variable rate and demand features which qualify 
  it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This 
  rate changes periodically based on market conditions or a specified market index. 
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 Municipal Value Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         March 1, 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         March 1, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date        March 1, 2010