UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21124
Name of Fund: BlackRock New York Municipal Income Trust II (BFY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock New
York Municipal Income Trust II, 55 East 52nd Street, New York, NY 10055.
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2010
Date of reporting period: 05/31/2010
Item 1 Schedule of Investments
Schedule of Investments May 31, 2010 (Unaudited)
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York 145.9% | |||
Corporate 23.1% | |||
Chautauqua County Industrial | |||
Development Agency, RB, Nrg Dunkirk | |||
Power Project, 5.88%, 4/01/42 | $ 500 | $ 510,605 | |
Essex County Industrial Development | |||
Agency New York, RB, International | |||
Paper Co. Project, Series A, AMT, | |||
6.63%, 9/01/32 | 200 | 208,684 | |
Essex County Industrial Development | |||
Agency New York, Refunding RB, | |||
International Paper Co. Project, | |||
Series A, AMT, 5.50%, 10/01/26 | 625 | 597,694 | |
Jefferson County Industrial | |||
Development Agency New York, | |||
Refunding RB, Solid Waste, Series A, | |||
AMT, 5.20%, 12/01/20 | 750 | 741,045 | |
New York City Industrial Development | |||
Agency, RB: | |||
American Airlines Inc., JFK | |||
International Airport, AMT, 7.63%, | |||
8/01/25 | 1,600 | 1,620,080 | |
American Airlines Inc., JFK | |||
International Airport, AMT, 7.75%, | |||
8/01/31 | 1,500 | 1,528,785 | |
Liberty-IAC/InteractiveCorp, 5.00%, | |||
9/01/35 | 500 | 447,445 | |
New York Liberty Development Corp., | |||
RB, Goldman Sachs Headquarters, | |||
5.25%, 10/01/35 | 250 | 251,310 | |
New York State Energy Research & | |||
Development Authority, RB, AMT, | |||
4.70%, 6/01/36 | 5,500 | 5,506,380 | |
Port Authority of New York & New | |||
Jersey, RB, Continental Airlines Inc. | |||
and Eastern Air Lines Inc. Project, | |||
LaGuardia, AMT, 9.13%, 12/01/15 | 3,105 | 3,109,813 | |
Suffolk County Industrial Development | |||
Agency New York, RB, KeySpan, Port | |||
Jefferson, AMT, 5.25%, 6/01/27 | 2,500 | 2,480,550 | |
17,002,391 |
County/City/Special District/School | ||
District 29.5% | ||
Amherst Development Corp., RB, UBF | ||
Faculty-Student Housing Corp., | ||
Series A (AGM): | ||
4.38%, 10/01/30 | 500 | 491,375 |
4.63%, 10/01/40 | 275 | 271,230 |
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
County/City/Special District/School | |||
District (concluded) | |||
Brooklyn Arena Local Development | |||
Corp., RB, Barclays Center Project, | |||
6.38%, 7/15/43 | $ 300 | $ 307,671 | |
City of New York New York, GO: | |||
Series A-1, 4.75%, 8/15/25 | 500 | 529,235 | |
Series B, 5.75%, 12/01/11 (a) | 2,000 | 2,156,100 | |
Sub-Series G-1, 6.25%, 12/15/31 | 250 | 293,540 | |
Sub-Series I-1, 5.38%, 4/01/36 | 450 | 491,819 | |
Hudson Yards Infrastructure Corp., RB, | |||
Series A, 5.00%, 2/15/47 | 2,350 | 2,281,403 | |
New York City Industrial Development | |||
Agency, RB, PILOT: | |||
CAB, Yankee Stadium (AGC), 5.74%, | |||
3/01/35 (b) | 500 | 123,160 | |
Queens Baseball Stadium (AGC), | |||
6.38%, 1/01/39 | 100 | 110,754 | |
Queens Baseball Stadium (AMBAC), | |||
5.00%, 1/01/39 | 500 | 443,820 | |
Queens Baseball Stadium (AMBAC), | |||
5.00%, 1/01/46 | 2,050 | 1,790,285 | |
New York City Transitional Finance | |||
Authority, RB: | |||
Fiscal 2009, Series S-3, 5.25%, | |||
1/15/39 | 1,300 | 1,384,331 | |
Series S-2 (NPFGC), 4.50%, | |||
1/15/31 | 2,500 | 2,508,425 | |
Series S-2 (NPFGC), 4.25%, | |||
1/15/34 | 250 | 242,225 | |
New York City Transitional Finance | |||
Authority, Refunding RB, Future Tax | |||
Secured, Series B, 5.00%, 11/01/27 | 5,000 | 5,242,250 | |
New York Convention Center | |||
Development Corp., RB, Hotel Unit | |||
Fee Secured (AMBAC), 5.00%, | |||
11/15/35 | 2,750 | 2,761,687 | |
New York State Dormitory Authority, RB, | |||
State University Dormitory Facilities, | |||
Series A, 5.00%, 7/01/39 | 250 | 262,853 | |
21,692,163 |
Education 24.8% | ||
Albany Industrial Development Agency, | ||
RB, New Covenant Charter School | ||
Project, Series A (c)(d): | ||
7.00%, 5/01/25 | 345 | 138,000 |
7.00%, 5/01/35 | 220 | 88,000 |
Portfolio Abbreviations | |||
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated | |||
according to the following list: | |||
ACA | American Capital Access Corp. | GNMA | Government National Mortgage Association |
AGC | Assured Guaranty Corp. | GO | General Obligation Bonds |
AGM | Assured Guaranty Municipal Corp. | HFA | Housing Finance Agency |
AMBAC | American Municipal Bond Assurance Corp. | LRB | Lease Revenue Bonds |
AMT | Alternative Minimum Tax (subject to) | MRB | Mortgage Revenue Bonds |
CAB | Capital Appreciation Bonds | NPFGC | National Public Finance Guarantee Corp. |
CIFG | CDC IXIS Financial Guaranty | PILOT | Payment in Lieu of Taxes |
ERB | Education Revenue Bonds | RB | Revenue Bonds |
FHA | Federal Housing Administration | SONYMA | State of New York Mortgage Agency |
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II MAY 31, 2010 1
Schedule of Investments (continued)
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets)
Par | ||
Municipal Bonds | (000) | Value |
New York (continued) | ||
Education (continued) | ||
City of Troy New York, Refunding RB, | ||
Rensselaer Polytechnic, Series A, | ||
5.13%, 9/01/40 | $ 250 | $ 254,675 |
Dutchess County Industrial | ||
Development Agency New York, RB, | ||
Vassar College Project, 5.35%, | ||
8/01/11 (a) | 2,000 | 2,135,480 |
Dutchess County Industrial | ||
Development Agency New York, | ||
Refunding RB, Bard College Civic | ||
Facility, Series A-2, 4.50%, 8/01/36 | 755 | 640,663 |
Geneva Industrial Development Agency | ||
New York, RB, Hobart & William Smith | ||
Project, Series A, 5.38%, 2/01/33 | 3,250 | 3,288,837 |
Herkimer County Industrial | ||
Development Agency New York, RB, | ||
College Foundation Inc. Student | ||
Housing Project, 6.25%, 8/01/34 | 385 | 385,397 |
Nassau County Industrial Development | ||
Agency, Refunding RB, New York | ||
Institute of Technology Project, | ||
Series A, 4.75%, 3/01/26 | 350 | 348,439 |
New York City Industrial Development | ||
Agency, RB, Lycee Francais de New | ||
York Project, Series A (ACA), 5.38%, | ||
6/01/23 | 1,500 | 1,537,155 |
New York City Industrial Development | ||
Agency, Refunding RB, Polytechnic | ||
University Project (ACA), 5.25%, | ||
11/01/37 | 460 | 413,273 |
New York Liberty Development Corp., | ||
RB, National Sports Museum Project, | ||
Series A, 6.13%, 2/15/19 (c)(d) | 675 | 7 |
New York State Dormitory Authority, RB: | ||
5.53%, 7/01/39 (e) | 225 | 187,673 |
Brooklyn Law School, Series B | ||
(Syncora), 5.13%, 7/01/30 | 2,000 | 2,036,200 |
New School University (NPFGC), | ||
5.00%, 7/01/31 | 1,425 | 1,432,595 |
Rochester Institute of Technology, | ||
Series A, 6.00%, 7/01/33 | 625 | 692,431 |
University of Rochester, Series A, | ||
5.13%, 7/01/39 | 250 | 263,260 |
Vassar College, 5.00%, 7/01/49 | 400 | 417,880 |
New York State Dormitory Authority, | ||
Refunding RB: | ||
Brooklyn Law School, 5.75%, | ||
7/01/33 | 250 | 270,768 |
Teachers College, 5.50%, 3/01/39 | 650 | 685,977 |
Suffolk County Industrial Development | ||
Agency, Refunding RB, New York | ||
Institute of Technology Project, | ||
5.00%, 3/01/26 | 410 | 412,727 |
Par | ||
Municipal Bonds | (000) | Value |
New York (continued) | ||
Education (concluded) | ||
Trust for Cultural Resources, RB, | ||
Series A: | ||
Carnegie Hall, 4.75%, 12/01/39 | $ 925 | $ 930,624 |
Juilliard School, 5.00%, 1/01/39 | 1,050 | 1,120,948 |
Yonkers Industrial Development Agency | ||
New York, RB, Sarah Lawrence | ||
College Project, Series A, 6.00%, | ||
6/01/41 | 500 | 523,715 |
18,204,724 |
Health 17.3% | ||
Clarence Industrial Development | ||
Agency, RB, Bristol Village Project | ||
(GNMA), 6.00%, 1/20/44 | 1,680 | 1,745,218 |
Genesee County Industrial Development | ||
Agency New York, Refunding RB, | ||
United Memorial Medical Center | ||
Project, 5.00%, 12/01/27 | 250 | 214,733 |
New York City Industrial Development | ||
Agency, RB, Eger Harbor Project, | ||
Series A (GNMA): | ||
4.95%, 11/20/32 | 1,070 | 1,083,610 |
5.88%, 5/20/44 | 975 | 1,038,931 |
New York State Dormitory Authority, | ||
MRB, St. Barnabas, Series A (FHA), | ||
5.00%, 2/01/31 | 1,500 | 1,515,585 |
New York State Dormitory Authority, RB: | ||
New York & Presbyterian Hospital | ||
(AGM), 5.25%, 2/15/31 | 425 | 441,375 |
New York Hospital Medical Center- | ||
Queens (FHA), 4.75%, 2/15/37 | 315 | 295,067 |
New York State Association for | ||
Retarded Children, Inc., Series A, | ||
6.00%, 7/01/32 | 350 | 377,688 |
New York University Hospital | ||
Center, Series B, 5.63%, 7/01/37 | 530 | 546,356 |
North Shore-Long Island Jewish | ||
Health System, Series A, 5.50%, | ||
5/01/37 | 750 | 771,262 |
New York State Dormitory Authority, | ||
Refunding RB: | ||
Kateri Residence, 5.00%, 7/01/22 | 2,000 | 2,067,260 |
Mount Sinai Hospital, Series A, | ||
5.00%, 7/01/26 (f) | 575 | 591,508 |
North Shore-Long Island Jewish | ||
Health System, Series E, 5.50%, | ||
5/01/33 | 500 | 511,295 |
Saratoga County Industrial Development | ||
Agency New York, RB, Saratoga | ||
Hospital Project, Series B, 5.25%, | ||
12/01/32 | 350 | 339,658 |
Suffolk County Industrial Development | ||
Agency New York, Refunding RB, | ||
Jeffersons Ferry Project, 5.00%, | ||
11/01/28 | 450 | 416,754 |
2 BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II MAY 31, 2010
Schedule of Investments (continued)
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets)
Par | ||
Municipal Bonds | (000) | Value |
New York (continued) | ||
Health (concluded) | ||
Westchester County Industrial | ||
Development Agency New York, MRB, | ||
Kendal on Hudson Project, Series A, | ||
6.38%, 1/01/24 | $ 750 | $ 743,362 |
12,699,662 |
Housing 3.2% | ||
New York City Housing Development | ||
Corp., RB, Series J-2-A, AMT, 4.75%, | ||
11/01/27 | 1,420 | 1,414,945 |
New York State HFA, RB, Highland | ||
Avenue Senior Apartments, Series A, | ||
AMT (SONYMA), 5.00%, 2/15/39 | 1,000 | 935,120 |
2,350,065 |
State 5.4% | ||
New York State Dormitory Authority, | ||
ERB, Series B, 5.75%, 3/15/36 | 300 | 340,977 |
New York State Dormitory Authority, | ||
LRB, Municipal Health Facilities, Sub- | ||
Series 2-4, 4.75%, 1/15/30 | 1,000 | 1,007,590 |
New York State Urban Development | ||
Corp., RB, State Personal Income Tax, | ||
Series B, 5.00%, 3/15/35 | 2,000 | 2,078,440 |
State of New York, GO, Series A, 5.00%, | ||
2/15/39 | 500 | 528,535 |
3,955,542 |
Tobacco 9.7% | ||
New York Counties Tobacco Trust III, RB, | ||
Tobacco Settlement Pass-Thru, Turbo, | ||
6.00%, 6/01/43 | 2,535 | 2,394,688 |
TSASC Inc. New York, RB, Tobacco | ||
Settlement Asset-Backed, Series 1, | ||
5.75%, 7/15/12 (a) | 4,250 | 4,708,702 |
7,103,390 |
Transportation 19.8% | ||
Metropolitan Transportation Authority, | ||
RB: | ||
Series 2008C, 6.50%, 11/15/28 | 750 | 878,205 |
Series B, 4.50%, 11/15/37 | 500 | 487,670 |
Metropolitan Transportation Authority, | ||
Refunding RB, Series A: | ||
5.13%, 1/01/29 | 3,000 | 3,071,820 |
5.00%, 11/15/30 | 5,000 | 5,175,650 |
(NPFGC), 5.25%, 11/15/31 | 1,250 | 1,279,225 |
Port Authority of New York & New | ||
Jersey, RB: | ||
Consolidated, 116th Series, 4.13%, | ||
9/15/32 | 2,000 | 1,964,380 |
Consolidated, 161st Series, 4.50%, | ||
10/15/37 | 500 | 504,935 |
Special Project, JFK International Air | ||
Terminal, Series 6, AMT (NPFGC), | ||
6.25%, 12/01/13 | 1,000 | 1,059,200 |
Municipal Bonds | (000) | Value |
New York (concluded) | ||
Transportation (concluded) | ||
Triborough Bridge & Tunnel Authority, | ||
RB, General Purpose, Series A, 5.00%, | ||
1/01/32 | $ 150 | $ 154,818 |
14,575,903 |
Utilities 13.1% | ||
Long Island Power Authority, RB: | ||
CAB (AGM), 4.48%, 6/01/28 (b) | 3,515 | 1,582,769 |
General, Series C (CIFG), 5.25%, | ||
9/01/29 | 1,000 | 1,124,900 |
Long Island Power Authority, Refunding | ||
RB, Series A: | ||
5.50%, 4/01/24 | 500 | 552,620 |
6.25%, 4/01/33 | 150 | 174,069 |
New York City Municipal Water Finance | ||
Authority, RB, Second General | ||
Resolution (NPFGC), 4.50%, 6/15/37 | 500 | 491,535 |
New York City Municipal Water Finance | ||
Authority, Refunding RB, Series A, | ||
5.13%, 6/15/34 | 4,000 | 4,143,480 |
New York State Environmental Facilities | ||
Corp., Refunding RB, Revolving Funds, | ||
New York City Water Project, Series A, | ||
5.00%, 6/15/37 | 1,500 | 1,592,760 |
9,662,133 | ||
Total Municipal Bonds in New York | 107,245,973 |
Guam 1.7% | ||
State 0.7% | ||
Territory of Guam, GO, Series A, 7.00%, | ||
11/15/39 | 485 | 519,149 |
Tobacco 0.4% | ||
Guam Economic Development & | ||
Commerce Authority, Refunding RB, | ||
Tobacco Settlement Asset-Backed, | ||
5.63%, 6/01/47 | 375 | 319,631 |
Utilities 0.6% | ||
Guam Government Waterworks | ||
Authority, Refunding RB, Water, | ||
5.88%, 7/01/35 | 400 | 403,188 |
Total Municipal Bonds in Guam | 1,241,968 |
Multi-State 5.7% | ||
Housing 5.7% | ||
Centerline Equity Issuer Trust (g)(h): | ||
5.75%, 5/15/15 | 500 | 522,605 |
6.00%, 5/15/15 | 1,500 | 1,562,400 |
6.00%, 5/15/19 | 1,000 | 1,053,140 |
6.30%, 5/15/19 | 1,000 | 1,057,540 |
Total Municipal Bonds in Multi-State | 4,195,685 |
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II MAY 31, 2010 3
Schedule of Investments (continued)
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
Puerto Rico 6.9% | |||
County/City/Special District/School | |||
District 0.3% | |||
Puerto Rico Sales Tax Financing Corp., | |||
Refunding RB, CAB, Series A (NPFGC), | |||
6.03%, 8/01/41 (b) | $ 1,500 | $ 235,860 | |
Housing 1.4% | |||
Puerto Rico Housing Finance Authority, | |||
Refunding RB, Subordinate, Capital | |||
Fund Modernization, 5.13%, | |||
12/01/27 | 1,000 | 1,007,880 | |
State 0.9% | |||
Commonwealth of Puerto Rico, GO, | |||
Refunding, Public Improvement, | |||
Series C, 6.00%, 7/01/39 | 340 | 359,741 | |
Puerto Rico Sales Tax Financing Corp., | |||
Refunding RB, CAB, Series A (AMBAC), | |||
6.39%, 8/01/54 (b) | 5,000 | 310,200 | |
669,941 | |||
Tobacco 0.6% | |||
Children's Trust Fund, Refunding RB, | |||
Asset-Backed, 5.63%, 5/15/43 | 500 | 440,240 | |
Transportation 3.0% | |||
Puerto Rico Highway & Transportation | |||
Authority, Refunding RB, Series D, | |||
5.38%, 7/01/12 (a) | 2,000 | 2,182,400 | |
Utilities 0.7% | |||
Puerto Rico Electric Power Authority, | |||
Refunding RB, Series VV (NPFGC), | |||
5.25%, 7/01/29 | 500 | 525,975 | |
Total Municipal Bonds in Puerto Rico | 5,062,296 | ||
Total Municipal Bonds 160.2% | 117,745,922 | ||
Municipal Bonds Transferred to Tender | |||
Option Bond Trusts (i) | |||
New York 0.4% | |||
Utilities 0.4% | |||
New York City Municipal Water Finance | |||
Authority, RB, Fiscal 2009, Series A, | |||
5.75%, 6/15/40 | 240 | 272,121 | |
Total Municipal Bonds Transferred to | |||
Tender Option Bond Trusts 0.4% | 272,121 | ||
Total Long-Term Investments | |||
(Cost $115,136,453) 160.6% | 118,018,043 |
Short-Term Securities | Shares | Value | |||
CMA New York Municipal Money Fund, | |||||
0.00% (j)(k) | 146,643 | $ 146,643 | |||
Total Short-Term Securities | |||||
(Cost $146,643) 0.2% | 146,643 | ||||
Total Investments | |||||
(Cost $115,283,096*) 160.8% | 118,164,686 | ||||
Liabilities in Excess of Other Assets 0.0% | (25,804) | ||||
Liability for Trust Certificates, Including Interest | |||||
Expense and Fees Payable (0.2)% | (160,103) | ||||
Preferred Shares, at Redemption Value (60.6)% | (44,477,693) | ||||
Net Assets Applicable to Common Shares 100.0% | $ 73,501,086 | ||||
* The cost and unrealized appreciation (depreciation) of investments as of | |||||
May 31, 2010, as computed for federal income tax purposes, were as | |||||
follows: | |||||
Aggregate cost | $ 114,973,612 | ||||
Gross unrealized appreciation | $ 4,920,399 | ||||
Gross unrealized depreciation | (1,889,265) | ||||
Net unrealized appreciation | $ 3,031,134 | ||||
(a) US government securities, held in escrow, are used to pay interest on this | |||||
security as well as to retire the bond in full at the date indicated, typically | |||||
at a premium to par. | |||||
(b) Represents a zero-coupon bond. Rate shown reflects the current yield as | |||||
of report date. | |||||
(c) Issuer filed for bankruptcy and/or is in default of interest payments. | |||||
(d) Non-income producing security. | |||||
(e) Represents a step-up bond that pays an initial coupon rate for the first | |||||
period and then a higher coupon rate for the following periods. Rate | |||||
shown is as of the report date. | |||||
(f) When-issued security. Unsettled when-issued transactions were as | |||||
follows: | |||||
Unrealized | |||||
Counterparty | Value | Appreciation | |||
Goldman Sachs | $ 591,508 | $ 2,829 | |||
(g) Security exempt from registration under Rule 144A of the Securities Act of | |||||
1933. These securities may be resold in transactions exempt from | |||||
registration to qualified institutional investors. | |||||
(h) Security represents a beneficial interest in a trust. The collateral deposited | |||||
into the trust is federally tax-exempt revenue bonds issued by various | |||||
state or local governments, or their respective agencies or authorities. The | |||||
security is subject to remarketing prior to its stated maturity. | |||||
(i) Securities represent bonds transferred to a tender option bond trust in | |||||
exchange for which the Trust acquired residual interest certificates. These | |||||
securities serve as collateral in a financing transaction. |
4 BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II MAY 31, 2010
Schedule of Investments (concluded) BlackRock New York Municipal Income Trust II (BFY)
(j) Investments in companies considered to be an affiliate of the Trust during the | ||||
period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as | ||||
amended, were as follows: | ||||
Shares Held | Shares Held | |||
at August 31, | Net | at May 31, | ||
Affiliate | 2009 | Activity | 2010 | Income |
CMA New York Municipal | ||||
Money Fund | 756,077 | (609,434) | 146,643 | $ 69 |
(k) Represents the current yield as of report date. |
Fair Value Measurements - Various inputs are used in determining the fair value of
investments, which are as follows:
Level 1 price quotations in active markets/exchanges for identical assets and
liabilities
Level 2 other observable inputs (including, but not limited to: quoted prices for
similar assets or liabilities in markets that are active, quoted prices for identical or
similar assets or liabilities in markets that are not active, inputs other than quoted
prices that are observable for the assets or liabilities (such as interest rates, yield
curves, volatilities, prepayment speeds, loss severities, credit risks and default
rates) or other market-corroborated inputs)
Level 3 unobservable inputs based on the best information available in the
circumstances, to the extent observable inputs are not available (including the
Trust's own assumptions used in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication
of the risk associated with investing in those securities. For information about the
Trust's policy regarding valuation of investments and other significant accounting
policies, please refer to the Trusts most recent financial statements as contained in its
semi-annual report.
The following table summarizes the inputs used as of May 31, 2010 in determining the fair
valuation of the Trusts investments:
Investments in Securities | ||||
| ||||
Valuation Inputs | Level 1 | Level 2 | Level 3 | Total |
Assets: | ||||
Long-Term | ||||
Investments1 | | $ 118,018,043 | | $ 118,018,043 |
Short-Term | ||||
Securities | $ 146,643 | | | 146,643 |
Total | $ 146,643 | $ 118,018,043 | | $ 118,164,686 |
1 See above Schedule of Investments for values in each sector. |
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II MAY 31, 2010 5
Item 2 Controls and Procedures
2(a) The registrant's principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the
1940 Act)) are effective as of a date within 90 days of the filing of this report based on the
evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) There were no changes in the registrant's internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter
that have materially affected, or are reasonably likely to materially affect, the registrant's
internal control over financial reporting.
Item 3 Exhibits
Certifications Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BlackRock New York Municipal Income Trust II
By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock New York Municipal Income Trust II
Date: July 23, 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: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Income Trust II
Date: July 23, 2010
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock New York Municipal Income Trust II
Date: July 23, 2010