nq2.htm



 
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:         12/31/10         
 
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, 2010 
      
Principal 
    
Optional Call 
    
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
   
Consumer Staples – 2.6% (1.9% of Total Investments) 
      
$    1,575 
  
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001, 
6/11 at 101.00 
BBB 
$   1,428,068 
   
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 
905,510 
   
5.750%, 6/01/33 
      
730 
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, 
5/12 at 100.00 
BBB 
686,127 
   
Series 2002, 5.375%, 5/15/33 
      
3,305 
  
Total Consumer Staples 
    
3,019,705 
   
Education and Civic Organizations – 22.3% (15.9% of Total Investments) 
      
395 
  
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of 
No Opt. Call 
BBB 
360,015 
   
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– 
4,005,400 
   
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, 
1/11 at 100.00 
Baa1 
1,283,251 
   
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 
Aa2 
1,072,660 
   
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 
Aa2 
142,652 
   
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 
Aa2 
922,190 
   
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 
BBB 
233,138 
   
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– 
3,906,533 
   
1998A, 6.000%, 7/01/18 – NPFG Insured 
      
330 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 
7/17 at 100.00 
AA– 
331,544 
   
5.000%, 7/01/32 – AMBAC Insured 
      
510 
  
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate 
No Opt. Call 
AA+ 
514,315 
   
University, Tender Option Bond Trust 3127, 12.656%, 1/01/14 – AMBAC Insured (IF) 
      
300 
  
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, 
1/19 at 100.00 
AA+ 
319,284 
   
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 
BB+ 
836,870 
1,060 
  
5.000%, 1/01/46 – AMBAC Insured 
1/17 at 100.00 
BB+ 
859,289 
885 
  
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project 
3/19 at 100.00 
AA+ 
974,916 
   
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– 
376,636 
2,210 
  
5.000%, 3/01/36 – NPFG Insured 
9/16 at 100.00 
Baa1 
2,016,758 
1,920 
  
4.500%, 3/01/39 – FGIC Insured 
9/16 at 100.00 
BBB– 
1,589,798 
1,560 
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of 
7/14 at 100.00 
AA 
1,549,985 
   
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured 
      
4,000 
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of Modern Art, 
7/12 at 100.00 
Aa2 
4,003,120 
   
Series 2001D, 5.125%, 7/01/31 – AMBAC Insured 
      
350 
  
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, 
9/20 at 100.00 
A 
332,843 
   
Series 2010A, 5.125%, 9/01/40 
      
25,745 
  
Total Education and Civic Organizations 
    
25,631,197 
   
Health Care – 14.1% (10.0% of Total Investments) 
      
1,400 
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St. 
8/12 at 100.00 
N/R 
1,414,756 
   
Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured 
      
760 
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson 
8/17 at 100.00 
AA+ 
777,579 
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured 
      
425 
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore 
2/15 at 100.00 
BBB 
402,951 
   
Hospital, Series 2004, 5.000%, 8/01/33 – FGIC Insured 
      
1,500 
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical 
2/15 at 100.00 
BBB 
1,531,785 
   
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 
1/11 at 100.50 
A3 
2,056,704 
   
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 
1/11 at 100.50 
A3 
170,556 
   
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 
AA+ 
599,713 
   
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 
1,780,286 
   
Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured 
      
885 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian 
8/14 at 100.00 
AA+ 
954,163 
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured 
      
600 
  
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities 
7/13 at 100.00 
Baa1 
603,330 
   
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 
AA+ 
682,682 
   
Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM 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 
Aa3 
1,539,930 
1,000 
  
5.250%, 2/15/22 – AMBAC Insured 
2/13 at 100.00 
Aa3 
1,027,710 
   
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Huntington Hospital, 
      
   
Series 2002C: 
      
725 
  
6.000%, 11/01/22 
11/12 at 100.00 
A– 
736,006 
1,045 
  
5.875%, 11/01/32 
11/12 at 100.00 
A– 
1,036,650 
850 
  
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 
11/20 at 100.00 
A3 
838,347 
   
2010-C2, 6.125%, 11/01/37 
      
15,920 
  
Total Health Care 
    
16,153,148 
   
Housing/Multifamily – 4.6% (3.2% of Total Investments) 
      
180 
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, 
1/17 at 100.00 
AAA 
161,143 
   
Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax) 
      
   
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 
2,743,067 
1,375 
  
5.500%, 11/01/34 (Alternative Minimum Tax) 
5/12 at 100.00 
AA 
1,371,260 
1,000 
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 
11/17 at 100.00 
Aa2 
942,660 
   
5.300%, 11/01/37 (Alternative Minimum Tax) 
      
5,280 
  
Total Housing/Multifamily 
    
5,218,130 
   
Long-Term Care – 4.0% (2.8% of Total Investments) 
      
1,500 
  
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds, 
8/11 at 105.00 
Baa1 
1,553,595 
   
Norwegian Christian Home and Health Center, Series 2001, 6.100%, 8/01/41 – NPFG Insured 
      
525 
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of 
2/17 at 103.00 
A– 
491,174 
   
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 
1,020,650 
1,500 
  
5.400%, 2/01/34 
8/12 at 101.00 
AAA 
1,506,225 
4,525 
  
Total Long-Term Care 
    
4,571,644 
   
Tax Obligation/General – 8.0% (5.7% 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 
A1 
1,579,773 
2,375 
  
5.375%, 11/15/20 – NPFG Insured 
11/12 at 100.00 
A1 
2,508,736 
1,240 
  
Canandaigua City School District, Ontario County, New York, General Obligation Refunding 
4/12 at 101.00 
Aa3 
1,314,115 
   
Bonds, Series 2002A, 5.375%, 4/01/17 – AGM 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 
203,836 
525 
  
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 – 
8/15 at 100.00 
AA+ 
585,905 
   
AGM Insured 
      
   
New York City, New York, General Obligation Bonds: 
      
1,700 
  
5.000%, 11/01/19 – AGM Insured (UB) 
11/14 at 100.00 
AA+ 
1,815,379 
1,100 
  
5.000%, 11/01/20 – AGM Insured (UB) 
11/14 at 100.00 
AA+ 
1,165,340 
8,630 
  
Total Tax Obligation/General 
    
9,173,084 
   
Tax Obligation/Limited – 40.0% (28.4% of Total Investments) 
      
210 
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, 
1/11 at 100.00 
N/R 
210,596 
   
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+ 
3,091,350 
   
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 
167,928 
   
2005F, 5.000%, 3/15/21 – AGM Insured 
      
   
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
      
   
City School District Project, Series 2008A: 
      
590 
  
5.750%, 5/01/27 – AGM Insured (UB) 
5/18 at 100.00 
AA+ 
643,088 
190 
  
5.750%, 5/01/28 – AGM Insured (UB) 
5/18 at 100.00 
AA+ 
206,226 
400 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
5/12 at 100.00 
AA+ 
418,560 
   
City School District, Series 2003, 5.750%, 5/01/20 – AGM Insured 
      
2,485 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
5/17 at 100.00 
AA+ 
2,672,071 
   
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB) 
      
4,760 
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 
2/17 at 100.00 
A 
4,305,468 
   
2/15/47 – FGIC Insured 
      
2,290 
  
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 
11/12 at 100.00 
AA+ 
2,338,571 
   
5.250%, 11/15/25 – AGM Insured 
      
4,000 
  
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, 
7/12 at 100.00 
AA– 
4,005,720 
   
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 
1,076,600 
   
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 
3,511,248 
1,040 
  
5.000%, 10/15/26 – NPFG Insured 
10/14 at 100.00 
AAA 
1,065,938 
300 
  
5.000%, 10/15/29 – AMBAC Insured 
10/14 at 100.00 
AAA 
303,432 
2,500 
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 
1/17 at 100.00 
AA– 
2,531,775 
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured 
      
5 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
11/11 at 101.00 
AAA 
5,232 
   
Series 2002B, 5.250%, 5/01/16 – NPFG Insured 
      
500 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
2/14 at 100.00 
AAA 
544,550 
   
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 
  
13.179%, 11/15/30 – AMBAC Insured (IF) 
11/15 at 100.00 
AA+ 
172,989 
140 
  
13.165%, 11/15/44 – AMBAC Insured (IF) 
11/15 at 100.00 
AA+ 
139,635 
   
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 
3,020,981 
500 
  
5.000%, 4/01/21 – AMBAC Insured 
10/15 at 100.00 
AA 
524,760 
   
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– 
2,022,759 
1,000 
  
5.250%, 6/01/22 – AMBAC Insured 
6/13 at 100.00 
AA– 
1,030,090 
750 
  
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and 
6/13 at 100.00 
AA– 
791,708 
   
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21 
      
8,600 
  
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities, 
No Opt. Call 
AA+ 
9,950,286 
   
Series 1995, 5.700%, 4/01/20 – AGM Insured (UB) 
      
295 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 
8/20 at 100.00 
AA+ 
286,233 
   
2010C, 5.125%, 8/01/42 – AGM Insured 
      
1,225 
  
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel 
1/17 at 100.00 
BBB– 
924,618 
   
Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax) 
      
44,030 
  
Total Tax Obligation/Limited 
    
45,962,412 
   
Transportation – 16.0% (11.4% of Total Investments) 
      
300 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A, 
11/15 at 100.00 
AA+ 
291,669 
   
4.750%, 11/15/27 – NPFG Insured 
      
   
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 
2,033,880 
4,000 
  
5.000%, 11/15/25 – FGIC Insured 
11/12 at 100.00 
A 
4,002,600 
1,250 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, 
11/12 at 100.00 
A 
1,226,900 
   
Series 2002F, 5.000%, 11/15/31 – NPFG Insured 
      
315 
  
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 
1/18 at 100.00 
A+ 
322,941 
   
1/01/25 – FGIC Insured 
      
865 
  
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 – 
1/15 at 100.00 
A+ 
898,337 
   
AMBAC Insured 
      
350 
  
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – 
7/15 at 100.00 
AA+ 
354,711 
   
AGM Insured (UB) 
      
85 
  
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara 
4/11 at 100.00 
Baa1 
81,987 
   
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 
Aa2 
1,921,160 
   
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 – AGM Insured 
6/15 at 101.00 
AA+ 
540,545 
1,000 
  
5.000%, 12/01/28 – SYNCORA GTY Insured 
6/15 at 101.00 
Aa2 
1,020,020 
345 
  
5.000%, 12/01/31 – SYNCORA GTY Insured 
6/15 at 101.00 
Aa2 
346,208 
390 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty 
8/17 at 100.00 
AA+ 
386,849 
   
Eighth Series 2008, Trust 2920, 16.944%, 8/15/32 – AGM Insured (IF) 
      
4,000 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred 
2/11 at 100.00 
Aa2 
4,014,280 
   
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 
901,337 
   
Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – NPFG Insured 
      
18,180 
  
Total Transportation 
    
18,343,424 
   
U.S. Guaranteed – 13.1% (9.3% of Total Investments) (4) 
      
120 
  
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk 
No Opt. Call 
AAA 
140,257 
   
County Issue, Series 1986, 7.375%, 7/01/16 (ETM) 
      
690 
  
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 
2/12 at 100.00 
Aaa 
727,957 
   
2002A, 5.500%, 2/15/17 (Pre-refunded 2/15/12) – AGM Insured 
      
4,995 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
11/11 at 101.00 
AAA 
5,247,198 
   
Series 2002B, 5.250%, 5/01/16 (Pre-refunded 11/01/11) – NPFG Insured 
      
1,000 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
8/12 at 100.00 
AAA 
1,071,660 
   
Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured 
      
3,000 
  
New York City, New York, General Obligation Bonds, Fiscal Series 2001H, 5.250%, 3/15/16 
3/11 at 101.00 
AA (4) 
3,060,570 
   
(Pre-refunded 3/15/11) – FGIC Insured 
      
3,250 
  
New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 
3/12 at 100.00 
AA+ (4) 
3,426,605 
   
(Pre-refunded 3/15/12) – AGM Insured 
      
120 
  
New York State Housing Finance Agency, Construction Fund Bonds, State University, Series 
No Opt. Call 
AAA 
122,651 
   
1986A, 8.000%, 5/01/11 (ETM) 
      
1,205 
  
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24 
7/12 at 100.00 
AAA 
1,280,276 
   
(Pre-refunded 7/15/12) 
      
14,380 
  
Total U.S. Guaranteed 
    
15,077,174 
   
Utilities – 12.9% (9.2% of Total Investments) 
      
5,000 
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 
9/11 at 100.00 
AA+ 
4,994,050 
   
5.000%, 9/01/27 – AGM 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– 
1,736,788 
1,300 
  
5.000%, 12/01/25 – FGIC Insured 
6/16 at 100.00 
A– 
1,313,455 
1,500 
  
5.000%, 12/01/26 – AGC Insured 
6/16 at 100.00 
AA+ 
1,513,394 
250 
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 
6/16 at 100.00 
A– 
235,727 
   
5.000%, 12/01/35 – CIFG Insured 
      
5,000 
  
New York State Energy Research and Development Authority, Pollution Control Revenue Refunding 
5/11 at 100.00 
A– 
5,001,149 
   
Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured 
      
14,750 
  
Total Utilities 
    
14,794,563 
   
Water and Sewer – 3.0% (2.2% 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 
1,132,657 
   
Bonds, Series 2006B, 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+ 
2,339,958 
   
6/01/28 – NPFG Insured 
      
3,435 
  
Total Water and Sewer 
    
3,472,615 
$ 158,180 
  
Total Investments (cost $159,545,379) – 140.6% 
    
161,417,096 
   
Floating Rate Obligations – (10.1)% 
    
(11,620,000)
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (43.5)% (5) 
    
(50,000,000)
   
Other Assets Less Liabilities – 13.0% 
    
15,021,626 
   
Net Assets Applicable to Common Shares – 100% 
    
$ 114,818,722 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
 
In determining the fair 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 methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of December 31, 2010:
 
         
 
Level 1 
Level 2 
Level 3 
Total 
Investments: 
        
Municipal Bonds 
$ — 
$161,417,096 
$ — 
$161,417,096 
 
During the period ended December 31, 2010, the Fund recognized no significant transfers to/from Level 1, Level 2 or Level 3.
 
 
Income Tax Information
 
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
 
At December 31, 2010, the cost of investments was $147,827,740.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2010, were as follows:
 
   
Gross unrealized: 
  
  Appreciation 
$ 3,863,400 
  Depreciation 
(1,879,204)
Net unrealized appreciation (depreciation) of investments 
$ 1,984,196 
 
     
   
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by 
   
insurance guaranteeing 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 highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor 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) 
  
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) 
  
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 31.0%. 
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 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, 2011        
 
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, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         March 1, 2011