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 811-09473
 
Nuveen Insured New York Dividend Advantage Municipal Fund
(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 Insured New York Dividend Advantage Municipal Fund (NKO)       
  December 31, 2009       
Principal    Optional Call     
Amount (000)  Description (1)  Provisions (2)  Ratings (3)  Value 
  Consumer Staples – 2.9% (1.9% of Total Investments)       
$      1,805  New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,  6/11 at 101.00  BBB  $    1,715,219 
  5.250%, 6/01/25       
1,000  New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,  6/13 at 100.00  BBB  940,040 
  5.750%, 6/01/33       
755  Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,  5/12 at 100.00  BBB  724,415 
  Series 2002, 5.375%, 5/15/33       
3,560  Total Consumer Staples      3,379,674 
  Education and Civic Organizations – 20.6% (13.8% of Total Investments)       
395  Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  No Opt. Call  A  383,869 
  Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured       
4,000  Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of  No Opt. Call  A  4,080,400 
  Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured       
1,280  Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College,  1/10 at 100.50  A  1,289,843 
  Series 1998, 5.000%, 7/01/21 – NPFG Insured       
1,000  Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  No Opt. Call  AA–  1,106,120 
  Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured       
140  Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  7/15 at 100.00  AA–  141,541 
  Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured       
920  Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  7/16 at 100.00  AA–  943,589 
  Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured       
240  Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,  7/17 at 100.00  A  238,579 
  5.000%, 7/01/37 – FGIC Insured       
3,250  Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series  No Opt. Call  AA–  3,831,165 
  1998A, 6.000%, 7/01/18 – NPFG Insured       
510  Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate  7/15 at 100.00  AA+  545,175 
  University, Tender Option Bond Trust 3127, 12.821%, 7/01/40 – BHAC Insured (IF)       
300  New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,  1/19 at 100.00  AAA  338,070 
  Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured       
  New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball       
  Stadium Project, Series 2006:       
1,000  5.000%, 1/01/36 – AMBAC Insured  1/17 at 100.00  BBB  920,910 
1,060  5.000%, 1/01/46 – AMBAC Insured  1/17 at 100.00  BBB  965,013 
885  New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  3/19 at 100.00  AAA  1,020,210 
  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:       
395  5.000%, 3/01/31 – FGIC Insured  9/16 at 100.00  BBB–  377,581 
2,210  5.000%, 3/01/36 – NPFG Insured  9/16 at 100.00  A  2,045,974 
1,920  4.500%, 3/01/39 – FGIC Insured  9/16 at 100.00  BBB–  1,602,432 
4,000  New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of Modern Art,  7/12 at 100.00  Aa2  4,062,920 
  Series 2001D, 5.125%, 7/01/31 – AMBAC Insured       
330  New York State Dormitory Authority, Revenue Bonds, New York University, Series 2007, 5.000%,  7/17 at 100.00  AA–  341,042 
  7/01/32 – AMBAC Insured       
23,835  Total Education and Civic Organizations      24,234,433 
  Health Care – 23.6% (15.7% of Total Investments)       
1,940  Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, New  2/10 at 100.00  N/R  1,940,330 
  York and Presbyterian Hospital, Series 1998, 4.750%, 8/01/27 – AMBAC Insured       
1,400  Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.  8/12 at 100.00  N/R  1,438,934 
  Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured       
785  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson  8/17 at 100.00  AAA  810,049 
  Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – FSA Insured       
9,800  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, New York  2/10 at 101.00  N/R  9,905,935 
  Hospital Medical Center of Queens, Series 1999, 5.600%, 2/15/39 – AMBAC Insured       
1,500  Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical  2/15 at 100.00  A  1,523,460 
  Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured       
2,050  Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services  1/10 at 101.00  A  2,067,282 
  of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/22 –       
  NPFG Insured       
170  Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long  1/10 at 101.00  A  170,605 
  Island Obligated Group – St. Charles Hospital and Rehabilitation Center, Series 1999A, 5.500%,       
  7/01/22 – NPFG Insured       
585  Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series  7/17 at 100.00  AAA  623,007 
  2007B, 5.250%, 7/01/27 – AGC Insured       
1,725  Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  7/13 at 100.00  AA  1,796,553 
  Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured       
910  Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian  8/14 at 100.00  AAA  984,083 
  Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured       
600  Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities  7/13 at 100.00  Baa1  600,186 
  Hospital, Series 2003B, 5.500%, 7/01/23       
700  Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian  8/14 at 100.00  AAA  707,728 
  Hospital Project, Series 2007, 5.000%, 8/15/36 – FSA Insured       
690  New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series  2/12 at 100.00  AAA  722,934 
  2002A, 5.500%, 2/15/17 – FSA Insured       
  New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,       
  Series 2003A:       
1,500  5.250%, 2/15/21 – AMBAC Insured  2/13 at 100.00  A+  1,539,210 
1,000  5.250%, 2/15/22 – AMBAC Insured  2/13 at 100.00  A+  1,024,730 
  Suffolk County Industrial Development Agency, New York, Revenue Bonds, Huntington Hospital,       
  Series 2002C:       
725  6.000%, 11/01/22  11/12 at 100.00  BBB+  742,719 
1,045  5.875%, 11/01/32  11/12 at 100.00  BBB+  1,050,977 
27,125  Total Health Care      27,648,722 
  Housing/Multifamily – 4.5% (3.0% of Total Investments)       
  New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,       
  Series 2002A:       
2,725  5.375%, 11/01/23 (Alternative Minimum Tax)  5/12 at 100.00  AA  2,760,807 
1,375  5.500%, 11/01/34 (Alternative Minimum Tax)  5/12 at 100.00  AA  1,379,056 
180  New York City, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A,  1/17 at 100.00  AAA  167,454 
  4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)       
1,000  New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%,  11/17 at 100.00  Aa2  981,370 
  11/01/37 (Alternative Minimum Tax)       
5,280  Total Housing/Multifamily      5,288,687 
  Long-Term Care – 2.6% (1.8% of Total Investments)       
525  Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of  2/17 at 103.00  A–  520,648 
  Westchester Project, Series 2006, 5.200%, 2/15/41       
  Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Willow Towers       
  Inc., Series 2002:       
1,000  5.250%, 2/01/22  8/12 at 101.00  AAA  1,045,300 
1,500  5.400%, 2/01/34  8/12 at 101.00  AAA  1,545,450 
3,025  Total Long-Term Care      3,111,398 
  Tax Obligation/General – 10.6% (7.1% of Total Investments)       
  Buffalo, New York, General Obligation Bonds, Series 2002B:       
1,490  5.375%, 11/15/18 – NPFG Insured  11/12 at 100.00  A  1,561,028 
2,375  5.375%, 11/15/20 – NPFG Insured  11/12 at 100.00  A  2,472,351 
1,240  Canandaigua City School District, Ontario County, New York, General Obligation Refunding  4/12 at 101.00  Aa3  1,361,520 
  Bonds, Series 2002A, 5.375%, 4/01/17 – FSA Insured       
200  New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28  8/19 at 100.00  AA  211,054 
3,000  New York City, New York, General Obligation Bonds, Fiscal Series 2001H, 5.250%, 3/15/16 –  3/11 at 101.00  AA  3,154,830 
  FGIC Insured       
80  New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 –  3/12 at 100.00  AAA  81,657 
  FSA Insured       
525  New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –  8/15 at 100.00  AAA  583,160 
  FSA Insured       
  New York City, New York, General Obligation Bonds:       
1,700  5.000%, 11/01/19 – FSA Insured (UB)  11/14 at 100.00  AAA  1,815,532 
1,100  5.000%, 11/01/20 – FSA Insured (UB)  11/14 at 100.00  AAA  1,168,354 
11,710  Total Tax Obligation/General      12,409,486 
  Tax Obligation/Limited – 45.0% (30.1% of Total Investments)       
230  Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,  7/10 at 100.00  N/R  231,704 
  Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured       
3,000  Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing  10/12 at 100.00  A+  3,085,050 
  Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured       
160  Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  3/15 at 100.00  AAA  171,763 
  2005F, 5.000%, 3/15/21 – FSA Insured       
400  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  5/12 at 100.00  AAA  436,576 
  City School District, Series 2003, 5.750%, 5/01/20 – FSA Insured       
  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo       
  City School District:       
590  5.750%, 5/01/27 – FSA Insured (UB)  5/18 at 100.00  AAA  652,829 
190  5.750%, 5/01/28 – FSA Insured (UB)  5/18 at 100.00  AAA  209,673 
2,485  Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  5/17 at 100.00  AAA  2,715,956 
  City School District, Trust 2090, 5.750%, 5/01/28 – FSA Insured (UB)       
4,760  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,  2/17 at 100.00  A  4,432,940 
  2/15/47 – FGIC Insured       
2,290  Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A,  11/12 at 100.00  AAA  2,415,836 
  5.250%, 11/15/25 – FSA Insured       
4,000  Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,  7/12 at 100.00  AA–  4,169,800 
  Series 2002A, 5.000%, 7/01/25 – FGIC Insured       
1,000  Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series  11/13 at 100.00  AAA  1,065,290 
  2003A, 5.000%, 11/15/18 – AMBAC Insured       
  New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local       
  Government Assistance Corporation, Series 2004A:       
3,400  5.000%, 10/15/25 – NPFG Insured  10/14 at 100.00  AAA  3,642,896 
1,040  5.000%, 10/15/26 – NPFG Insured  10/14 at 100.00  AAA  1,103,419 
300  5.000%, 10/15/29 – AMBAC Insured  10/14 at 100.00  AAA  314,472 
2,500  New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal  1/17 at 100.00  AA–  2,630,075 
  Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured       
5,000  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  11/11 at 101.00  AAA  5,409,301 
  Series 2002B, 5.250%, 5/01/16 – NPFG Insured       
890  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  8/12 at 100.00  AAA  963,016 
  Series 2003C, 5.250%, 8/01/21 – AMBAC Insured       
500  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  2/14 at 100.00  AAA  542,435 
  Series 2004C, 5.000%, 2/01/19 – SYNCORA GTY Insured       
  New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option       
  Bonds Trust 3095:       
165  13.417%, 11/15/30 – AMBAC Insured (IF)  11/15 at 100.00  AAA  188,283 
140  13.403%, 11/15/44 – AMBAC Insured (IF)  11/15 at 100.00  AAA  149,190 
  New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,       
  Series 2005B:       
2,625  5.500%, 4/01/20 – AMBAC Insured  No Opt. Call  AA  3,058,991 
500  5.000%, 4/01/21 – AMBAC Insured  10/15 at 100.00  AA  536,120 
  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and       
  State Contingency Contract-Backed Bonds, Series 2003A-1:       
1,900  5.250%, 6/01/20 – AMBAC Insured  6/13 at 100.00  AA–  2,008,965 
1,000  5.250%, 6/01/22 – AMBAC Insured  6/13 at 100.00  AA–  1,053,620 
750  New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  6/13 at 100.00  AA–  797,093 
  State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21       
8,600  New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,  No Opt. Call  AAA  10,041,188 
  5.700%, 4/01/20 – FSA Insured (UB)       
1,225  Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel  1/17 at 100.00  BBB–  854,658 
  Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)       
49,640  Total Tax Obligation/Limited      52,881,139 
  Transportation – 14.7% (9.8% of Total Investments)       
  Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,       
  Series 2002A:       
2,000  5.125%, 11/15/22 – FGIC Insured  11/12 at 100.00  A  2,084,820 
4,000  5.000%, 11/15/25 – FGIC Insured  11/12 at 100.00  A  4,129,280 
865  New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –  1/15 at 100.00  A+  913,077 
  AMBAC Insured       
350  New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  7/15 at 100.00  AAA  361,715 
  FSA Insured (UB)       
315  New York State Thruway Authority, General Revenue Bonds, Series 2007H, 5.000%, 1/01/25 –  1/18 at 100.00  A+  334,832 
  FGIC Insured       
85  Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara  4/10 at 100.50  A  85,190 
  International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)       
2,000  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fifty  5/18 at 100.00  AA–  2,003,920 
  Second Series 2007, 5.000%, 11/01/28 (Alternative Minimum Tax)       
  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth       
  Series 2005:       
500  5.000%, 12/01/19 – FSA Insured  6/15 at 101.00  AAA  540,510 
1,000  5.000%, 12/01/28 – SYNCORA GTY Insured  6/15 at 101.00  AA–  1,060,320 
345  5.000%, 12/01/31 – SYNCORA GTY Insured  6/15 at 101.00  AA–  360,477 
390  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  8/17 at 100.00  AAA  466,253 
  Eighth Series 2008, Trust 2920, 17.292%, 8/15/32 – FSA Insured (IF)       
4,000  Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred  8/10 at 100.00  AA–  4,031,800 
  Twenty-Fourth Series 2001, 5.000%, 8/01/11 – FGIC Insured (Alternative Minimum Tax)       
780  Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue  No Opt. Call  Aa3  912,327 
  Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – NPFG Insured       
16,630  Total Transportation      17,284,521 
  U.S. Guaranteed – 7.0% (4.7% of Total Investments) (4)       
135  Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk  No Opt. Call  AAA  161,451 
  County Issue, Series 1986, 7.375%, 7/01/16 (ETM)       
110  New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  8/12 at 100.00  AAA  122,715 
  Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured       
3,170  New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25  3/12 at 100.00  AAA  3,479,804 
  (Pre-refunded 3/15/12) – FSA Insured       
350  New York State Housing Finance Agency, Construction Fund Bonds, State University, Series  No Opt. Call  AAA  371,102 
  1986A, 8.000%, 5/01/11 (ETM)       
2,575  Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,  10/10 at 101.00  AAA  2,702,437 
  5.500%, 10/01/40       
1,265  TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24  7/12 at 100.00  AAA  1,386,959 
  (Pre-refunded 7/15/12)       
7,605  Total U.S. Guaranteed      8,224,468 
  Utilities – 11.5% (7.7% of Total Investments)       
5,000  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,  9/11 at 100.00  AAA  5,077,150 
  5.000%, 9/01/27 – FSA Insured       
  Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:       
1,700  5.000%, 12/01/23 – FGIC Insured  6/16 at 100.00  A  1,776,721 
1,300  5.000%, 12/01/25 – FGIC Insured  6/16 at 100.00  A  1,348,295 
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       
5,000  New York State Energy Research and Development Authority, Pollution Control Revenue Refunding  5/10 at 101.00  A–  5,030,450 
  Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured       
13,250  Total Utilities      13,485,201 
  Water and Sewer – 3.1% (2.0% of Total Investments)       
1,140  New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  6/16 at 100.00  AAA  1,170,962 
  Bonds, 5.000%, 6/15/36 – NPFG Insured (UB)       
2,295  Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,  6/15 at 100.00  AA+  2,411,402 
  6/01/28 – NPFG Insured       
3,435  Total Water and Sewer      3,582,364 
$ 165,095  Total Long-Term Municipal Bonds (cost $166,741,169)      171,530,093 
  Short-Term Investments – 3.7% (2.4% of Total Investments)       
  Euro Dollar Time Deposit – 3.7% (2.4% of Total Investments)       
$    4,307  State Street Bank Euro Dollar Time Deposit, 0.010%, 1/04/10  N/A  N/A  4,307,169 
  Total Short-Term Investments (cost $4,307,169)      4,307,169 
  Total Investments (cost $171,048,338) – 149.8%      175,837,262 
  Floating Rate Obligations – (9.9)%      (11,620,000)
  Variable Rate Demand Preferred Shares, at Liquidation Value – (42.6)%      (50,000,000)
  Other Assets Less Liabilities – 2.7%      3,194,062 
  Net Assets Applicable to Common Shares – 100%      $ 117,411,324 



 


 


 


 

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 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  $            —  $171,530,093  $ —  $171,530,093 
Short-Term Investments  4,307,169  —  —  4,307,169 
Total  $4,307,169  $171,530,093  $ —  $175,837,262 

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 $160,256,580.

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

Gross unrealized:   
  Appreciation  $ 5,868,887 
  Depreciation  (1,892,632)
Net unrealized appreciation (depreciation) of investments  $ 3,976,255 

  At least 80% of the Fund’s net assets are invested in municipal securities that guarantee the timely 
  payment of principal and interest. 
(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. 
  The Portfolio of Investments may reflect the ratings on certain bonds whose insurer has experienced 
  downgrades as of the end of the reporting period. Subsequent to the reporting period, and during the 
  period this Portfolio of Investments was prepared, there may have been reductions to the ratings of certain 
  bonds resulting from changes to the ratings of the underlying insurers both during the period and after 
  period end. Such reductions would likely reduce the effective rating of many of the bonds insured by 
  that insurer or insurers presented at period end. 
(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. 
(5)  Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 28.4%. 
N/A  Not applicable. 
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 Insured New York Dividend Advantage Municipal Fund 
 
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