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October 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock New York Municipal Income Trust (BNY)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets)
 
Security
 
Par
(000)
Value
Municipal Bonds
Alabama — 3.3%
Corporate — 3.3%
Black Belt Energy Gas District, RB(a)
 
Series A, 5.25%, 05/01/55
$
1,780
$ 1,953,428
Series D, 5.00%, 03/01/55
 
825
894,584
Lower Alabama Gas District, RB, Series A, 5.00%,
09/01/46
 
645
697,173
Southeast Energy Authority A Cooperative District, RB(a)
 
Series A, 5.00%, 01/01/56
 
3,270
3,500,583
Series B, 5.25%, 03/01/55
 
1,850
1,992,498
Total Municipal Bonds in Alabama
9,038,266
California(a) — 0.8%
Corporate — 0.4%
California Community Choice Financing Authority, RB,
Series B, Sustainability Bonds, 5.00%, 01/01/55
 
1,110
1,178,881
Transportation — 0.4%
California Infrastructure & Economic Development Bank,
Refunding RB, Series A, Class B, AMT, Sustainability
Bonds, 9.50%, 01/01/65(b)
 
1,355
1,084,000
Total Municipal Bonds in California
2,262,881
Georgia — 1.0%
Corporate — 1.0%
Main Street Natural Gas, Inc., RB, Series A, 5.00%,
05/15/43
 
2,620
2,668,486
Guam — 0.1%
Utilities — 0.1%
Guam Power Authority, Refunding RB, Series A, 5.00%,
10/01/41
 
460
479,000
Kentucky — 1.7%
Corporate — 1.7%
Kentucky Public Energy Authority, Refunding RB,
Series B, 5.00%, 01/01/55(a)
 
4,230
4,594,769
New York — 124.7%
Corporate — 7.0%
Build NYC Resource Corp., Refunding RB, AMT, 5.00%,
01/01/35(b)
 
405
405,366
New York Energy Finance Development Corp., RB,
5.00%, 07/01/56
 
7,840
8,427,951
New York Liberty Development Corp., RB, 5.50%,
10/01/37
 
655
782,917
New York Liberty Development Corp., Refunding RB,
5.25%, 10/01/35
 
2,155
2,517,371
New York Transportation Development Corp., ARB, AMT,
5.63%, 04/01/40
 
1,670
1,753,573
New York Transportation Development Corp., RB
 
AMT, 5.00%, 10/01/35
 
930
972,848
AMT, 5.00%, 10/01/40
 
4,170
4,234,388
 
 
19,094,414
County/City/Special District/School District — 21.9%
Battery Park City Authority, RB
 
Series A, Sustainability Bonds, 5.00%, 11/01/41
 
525
578,233
Series A, Sustainability Bonds, 5.00%, 11/01/42
 
1,015
1,107,361
Series A, Sustainability Bonds, 5.00%, 11/01/43
 
1,235
1,334,742
Series A, Sustainability Bonds, 5.00%, 11/01/48
 
1,710
1,812,426
Series A, Sustainability Bonds, 5.00%, 11/01/53
 
3,115
3,284,424
Security
 
Par
(000)
Value
County/City/Special District/School District (continued)
Build NYC Resource Corp., RB
 
Class A, 5.38%, 12/01/46
$
260
$ 280,446
Class A, 5.50%, 12/01/51
 
380
404,296
City of New York, GO
 
Series A-1, 5.00%, 08/01/47
 
1,895
1,949,287
Series A-1, 5.00%, 08/01/53
 
655
684,713
Series D, 5.38%, 06/01/32
 
25
25,045
Series F-1, 5.00%, 03/01/44
 
2,000
2,074,117
Series G-1, 5.25%, 02/01/50
 
655
699,601
County of Nassau New York, GOL
 
Series A, 4.00%, 04/01/49
 
2,170
2,031,969
Series A, 4.00%, 04/01/54
 
865
797,100
County of Nassau New York, Refunding GOL, Series B,
(AGM), 5.00%, 04/01/49
 
3,570
3,691,122
New York City Industrial Development Agency, RB(c)
 
(AGM), 0.00%, 03/01/35
 
500
355,631
(AGM), 0.00%, 03/01/39
 
1,000
569,978
(AGM), 0.00%, 03/01/42
 
3,710
1,755,825
(AGM), 0.00%, 03/01/45
 
2,000
788,036
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB
 
Series B, 5.00%, 05/01/51
 
1,315
1,374,769
Series D, 5.50%, 05/01/52
 
655
708,440
Sub-Series E-1, 5.00%, 02/01/43
 
1,290
1,307,680
Series A-1, Subordinate, 5.00%, 08/01/41
 
1,000
1,076,351
Series A-1, Subordinate, 4.00%, 08/01/48
 
2,000
1,875,581
Series A-1, Subordinate, 5.50%, 05/01/50
 
1,315
1,437,412
Series B, Subordinate, 4.38%, 05/01/53
 
1,835
1,808,368
Series C-S, Subordinate, 5.00%, 05/01/50
 
855
891,993
Series F-1, Subordinate, 4.00%, 02/01/51
 
5,305
4,918,930
Series H-1, Subordinate, 5.25%, 11/01/48
 
2,095
2,249,968
Series H-1, Subordinate, 5.50%, 11/01/51
 
275
299,336
New York Convention Center Development Corp., RB,
CAB, Series B, Sub Lien, (AGM-CR), 0.00%,
11/15/55(c)
 
4,000
948,038
New York Liberty Development Corp., Refunding RB
 
Class 2, 5.38%, 11/15/40(b)
 
680
680,125
Series 1, 3.00%, 02/15/42
 
1,015
867,659
Saratoga County Capital Resource Corp., RB, 5.00%,
07/01/47
 
685
726,026
Schenectady County Capital Resource Corp., RB,
Series A, 5.50%, 01/01/57
 
1,120
1,194,428
Triborough Bridge & Tunnel Authority Sales Tax
Revenue, RB
 
Series A, 4.25%, 05/15/58
 
2,365
2,267,631
Series A, 4.50%, 05/15/63
 
5,000
4,953,457
Series A-1, 4.13%, 05/15/64
 
6,310
5,790,527
 
 
59,601,071
Education — 11.4%
Albany Capital Resource Corp., Refunding RB(d)(e)
 
4.00%, 07/01/41
 
335
16,775
4.00%, 07/01/51
 
347
17,339
Amherst Development Corp., Refunding RB
 
5.00%, 10/01/43
 
535
514,588
5.00%, 10/01/48
 
410
382,545
Buffalo & Erie County Industrial Land Development
Corp., Refunding RB, Series A, 5.00%, 06/01/35
 
345
351,682
Build NYC Resource Corp., RB(b)
 
5.00%, 09/01/59
 
1,020
926,966
Series A, 5.13%, 05/01/38
 
660
661,128
2
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Education (continued)
Build NYC Resource Corp., RB(b) (continued)
 
Series A, 5.50%, 05/01/48
$
270
$ 261,422
Build NYC Resource Corp., Refunding RB
 
5.00%, 08/01/47
 
525
486,729
Series A, 5.00%, 06/01/38
 
750
750,518
County of Cattaraugus New York, RB
 
5.00%, 05/01/34
 
170
170,214
5.00%, 05/01/39
 
125
125,089
Dobbs Ferry Local Development Corp., RB
 
5.00%, 07/01/39
 
1,000
1,000,612
5.00%, 07/01/44
 
500
500,162
Dutchess County Local Development Corp., RB
 
5.00%, 07/01/43
 
455
465,411
4.00%, 07/01/49
 
3,000
2,681,159
Dutchess County Local Development Corp., Refunding
RB, 4.00%, 07/01/49
 
1,310
1,234,367
Hempstead Town Local Development Corp., Refunding
RB, 5.00%, 10/01/35
 
935
936,292
New York State Dormitory Authority, RB
 
Series 1, (AMBAC), 5.50%, 07/01/40
 
1,440
1,690,326
Sustainability Bonds, 5.00%, 07/01/50
 
1,050
1,070,525
Series A, Sustainability Bonds, 5.00%, 07/01/48
 
385
405,116
Series A, Sustainability Bonds, 5.25%, 07/01/50
 
335
361,519
Series A, Sustainability Bonds, 5.25%, 07/01/55
 
850
913,804
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 07/01/35
 
3,445
3,445,228
Series A, 4.00%, 07/01/47
 
1,285
1,123,339
Series A, 4.00%, 07/01/49
 
285
256,023
Series A, 5.00%, 07/01/50
 
1,985
1,986,972
Onondaga County Trust for Cultural Resources,
Refunding RB
 
5.00%, 05/01/40
 
1,065
1,071,054
5.00%, 12/01/43
 
2,095
2,184,452
4.00%, 12/01/47
 
1,000
932,330
Schenectady County Capital Resource Corp., Refunding
RB, 5.00%, 01/01/47
 
3,995
4,022,977
 
 
30,946,663
Health — 9.7%
Albany Capital Resource Corp., Refunding RB, Series A,
5.50%, 05/01/55
 
2,360
2,528,691
Brookhaven Local Development Corp., Refunding RB,
5.00%, 10/01/50
 
1,900
1,935,396
Build NYC Resource Corp., RB
 
Class A, 5.25%, 07/01/37
 
1,010
973,114
Class A, 5.50%, 07/01/47
 
620
564,542
Genesee County Funding Corp., Refunding RB,
Series A, 5.25%, 12/01/52
 
680
689,043
Monroe County Industrial Development Corp., RB
 
4.00%, 12/01/41
 
600
561,140
Series A, 5.00%, 12/01/32
 
420
420,616
Monroe County Industrial Development Corp., Refunding
RB, 4.00%, 12/01/46
 
2,150
1,881,266
New York State Dormitory Authority, RB
 
Series 1, 5.25%, 07/01/54
 
680
731,995
Series 1-A, 4.00%, 07/01/51
 
1,900
1,747,647
Series A, 4.00%, 07/01/50
 
710
635,667
Series A, 11/15/55(f)
 
300
300,760
Series A-1, (AGM), 5.50%, 07/01/55
 
1,310
1,417,637
New York State Dormitory Authority, Refunding RB
 
4.25%, 05/01/52
 
3,000
2,801,363
5.00%, 05/01/52
 
2,210
2,234,523
Security
 
Par
(000)
Value
Health (continued)
New York State Dormitory Authority, Refunding
RB (continued)
 
Class A, 5.25%, 05/01/54
$
2,525
$ 2,629,597
Series 1, 4.00%, 07/01/47
 
2,090
1,995,839
Oneida County Local Development Corp., RB, Class A,
(AGM), 4.00%, 12/01/46
 
1,100
1,022,363
Suffolk County Economic Development Corp., RB,
Series C, 5.00%, 07/01/32
 
530
530,671
Tompkins County Development Corp., Refunding RB,
5.00%, 07/01/44
 
110
110,018
Westchester County Local Development Corp.,
Refunding RB(b)
 
5.00%, 07/01/41
 
410
408,169
5.00%, 07/01/56
 
465
409,396
 
 
26,529,453
Housing — 12.3%
New York City Housing Development Corp., RB, M/F
Housing
 
Sustainability Bonds, (HUD SECT 8), 4.80%,
02/01/53
 
4,115
4,131,208
Series A, Sustainability Bonds, 4.75%, 11/01/48
 
280
283,032
Series A, Sustainability Bonds, (FHLMC, FNMA,
GNMA, HUD SECT 8), 4.70%, 08/01/54
 
2,100
2,094,311
Series A, Sustainability Bonds, (FHLMC), 5.20%,
02/01/55
 
1,480
1,520,576
Series A-1, Sustainability Bonds, 4.65%, 11/01/49
 
525
529,019
Series B-1, Sustainability Bonds, 5.25%, 11/01/55
 
195
202,123
Series B-1, Class A, Sustainability Bonds, (HUD
SECT 8), 4.65%, 11/01/49
 
790
796,048
Series C-1, Sustainability Bonds, 5.05%, 11/01/50
 
525
540,374
Series C-1, Sustainability Bonds, (HUD SECT 8),
4.50%, 08/01/54
 
895
875,598
Series D-1, Sustainability Bonds, (HUD SECT 8),
4.50%, 11/01/54
 
525
513,608
Series D-2, Sustainability Bonds, (HUD SECT 8),
4.45%, 11/01/49
 
920
911,605
Series D-2, Sustainability Bonds, (HUD SECT 8),
4.50%, 11/01/54
 
660
645,679
Series E-1, Sustainability Bonds, 4.85%, 11/01/53
 
2,835
2,858,890
Series F-1A, Sustainability Bonds, 4.55%, 11/01/54
 
4,000
3,932,388
Series F-1A, Sustainability Bonds, 5.00%, 11/01/54
 
1,005
1,025,985
New York City Housing Development Corp., RB, S/F
Housing, Series A, Sustainability Bonds, 4.25%,
11/01/43
 
4,385
4,386,785
New York State Housing Finance Agency, RB, M/F
Housing
 
Series B-1, Sustainability Bonds, (SONYMA), 4.85%,
11/01/48
 
1,015
1,037,250
Series C-1, Sustainability Bonds, (SONYMA), 4.65%,
11/01/48
 
405
406,634
State of New York Mortgage Agency Homeowner
Mortgage Revenue, RB, S/F Housing
 
Series 250, Sustainability Bonds, (SONYMA), 4.80%,
10/01/48
 
2,630
2,686,385
Series 255, Sustainability Bonds, (SONYMA), 4.70%,
10/01/43
 
1,070
1,090,867
Series 261, Sustainability Bonds, (SONYMA), 4.55%,
10/01/49
 
2,945
2,916,198
 
 
33,384,563
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
State — 6.0%
Empire State Development Corp., RB, Series A, 5.00%,
03/15/46
$
2,610
$ 2,745,636
New York City Transitional Finance Authority Building Aid
Revenue, RB
 
Series S-1, (SAW), 5.00%, 07/15/43
 
785
849,004
Series S-1, Subordinate, (SAW), 4.00%, 07/15/45
 
1,290
1,254,195
New York State Dormitory Authority, RB, Series A,
5.00%, 03/15/52
 
2,995
3,130,996
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 03/15/46
 
935
970,216
Series A, 4.00%, 03/15/47
 
740
696,915
Series A, 4.00%, 03/15/54
 
2,720
2,514,631
New York State Thruway Authority, RB, Series A, 5.00%,
03/15/49
 
2,620
2,764,296
New York State Thruway Authority, Refunding RB,
Series A, 5.00%, 03/15/48
 
1,320
1,371,421
 
 
16,297,310
Tobacco — 3.4%
Chautauqua Tobacco Asset Securitization Corp.,
Refunding RB
 
4.75%, 06/01/39
 
400
335,175
5.00%, 06/01/48
 
550
429,589
New York Counties Tobacco Trust IV, Refunding RB,
Series A, 6.25%, 06/01/41(b)
 
1,277
1,228,782
New York Counties Tobacco Trust VI, Refunding RB
 
Series A-2B, 5.00%, 06/01/51
 
2,340
1,975,809
Series C, 4.00%, 06/01/51
 
2,250
1,609,660
Niagara Tobacco Asset Securitization Corp., Refunding
RB, 5.25%, 05/15/40
 
630
603,538
TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41
 
1,410
1,413,926
Westchester Tobacco Asset Securitization Corp.,
Refunding RB
 
Sub-Series C, 4.00%, 06/01/42
 
890
726,420
Sub-Series C, 5.13%, 06/01/51
 
1,225
1,034,830
 
 
9,357,729
Transportation — 32.1%
Hudson Yards Infrastructure Corp., Refunding RB,
Series A, 5.00%, 02/15/42
 
915
929,429
Metropolitan Transportation Authority Dedicated Tax
Fund, Refunding RB, Series B-2, Sustainability Bonds,
5.00%, 11/15/48
 
1,550
1,625,150
Metropolitan Transportation Authority, RB
 
Series A-1, Sustainability Bonds, 4.00%, 11/15/46
 
2,000
1,825,152
Series D-2, Sustainability Bonds, 4.00%, 11/15/48
 
1,255
1,147,859
Series D-3, Sustainability Bonds, 4.00%, 11/15/49
 
2,150
1,957,635
Metropolitan Transportation Authority, Refunding RB
 
Series B, 5.00%, 11/15/37
 
1,000
1,014,109
Series A, Sustainability Bonds, 5.50%, 11/15/47
 
2,630
2,841,823
Series A-1, Sustainability Bonds, (AGM), 4.00%,
11/15/54
 
1,395
1,245,005
Series A-1, Sustainability Bonds, 5.25%, 11/15/57
 
1,000
1,007,236
MTA Hudson Rail Yards Trust Obligations, Refunding RB,
Series A, 5.00%, 11/15/56
 
5,160
5,159,724
New York City Industrial Development Agency, Refunding
RB, Series A, 5.00%, 07/01/28
 
625
625,093
New York State Thruway Authority, Refunding RB
 
Series P, 5.00%, 01/01/49
 
655
689,065
Series B, Subordinate, 4.00%, 01/01/50
 
3,720
3,442,415
New York Transportation Development Corp., ARB
 
AMT, 5.00%, 12/01/34
 
1,300
1,403,615
AMT, 5.00%, 12/01/35
 
5,000
5,372,301
Security
 
Par
(000)
Value
Transportation (continued)
New York Transportation Development Corp.,
ARB (continued)
 
AMT, 5.00%, 12/01/36
$
1,995
$ 2,128,739
AMT, 5.00%, 12/01/40
 
1,040
1,080,201
Series A, AMT, (AGM-CR), 4.00%, 07/01/41
 
1,100
1,048,849
Series A, AMT, 5.00%, 07/01/46
 
1,540
1,533,282
Series A, AMT, 5.25%, 01/01/50
 
8,440
8,439,851
AMT, Sustainability Bonds, 6.00%, 06/30/50
 
525
562,888
New York Transportation Development Corp., RB
 
AMT, 4.00%, 10/31/41
 
360
340,618
AMT, 4.00%, 10/31/46
 
2,000
1,786,249
AMT, Sustainability Bonds, (AGM), 5.00%, 06/30/49
 
1,115
1,122,044
AMT, Sustainability Bonds, 6.00%, 06/30/54
 
3,290
3,433,054
AMT, Sustainability Bonds, (AGM), 5.13%, 06/30/60
 
525
527,553
AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60
 
3,945
4,015,938
AMT, Sustainability Bonds, 5.50%, 06/30/60
 
3,580
3,655,075
New York Transportation Development Corp., Refunding
RB, Series A, AMT, Sustainability Bonds, 5.50%,
12/31/60
 
845
862,988
New York Transportation Development Corp., Refunding
RB, CAB, Series B, AMT, (AGM), 5.00%, 12/31/54(g)
 
1,315
854,418
Port Authority of New York & New Jersey, ARB,
Series 221, AMT, 4.00%, 07/15/45
 
1,105
1,027,903
Port Authority of New York & New Jersey, Refunding
ARB
 
Series 240, 5.00%, 07/15/53
 
1,305
1,359,726
AMT, 5.00%, 01/15/47
 
2,095
2,159,020
Series 177, AMT, 4.00%, 01/15/43
 
1,120
1,048,694
Series 202, AMT, 5.00%, 10/15/34
 
1,300
1,329,664
Series 206, AMT, 5.00%, 11/15/47
 
2,625
2,643,672
Port Authority of New York & New Jersey, Refunding RB
 
Series 250, 5.25%, 10/15/55
 
1,310
1,408,549
Series 242, AMT, 5.00%, 12/01/39
 
530
569,257
Series 242, AMT, 5.00%, 12/01/48
 
1,310
1,350,939
Series 242, AMT, 5.00%, 12/01/53
 
2,795
2,867,307
Triborough Bridge & Tunnel Authority, RB
 
Series A, 5.25%, 12/01/54
 
3,270
3,462,971
Series A, 4.00%, 11/15/56
 
1,555
1,422,739
Series A, 5.50%, 11/15/57
 
4,430
4,740,790
Triborough Bridge & Tunnel Authority, Refunding RB,
Series C, Sustainability Bonds, 5.25%, 11/15/42
 
470
518,111
 
 
87,586,700
Utilities — 20.9%
Long Island Power Authority, RB
 
(AGM), 0.00%, 06/01/28(c)
 
3,515
3,234,199
(BAM-TCRS), 5.00%, 09/01/42
 
3,655
3,733,810
5.00%, 09/01/47
 
555
561,974
Series C, (AGM), 5.25%, 09/01/29
 
4,000
4,326,906
Series E, Sustainability Bonds, 5.00%, 09/01/53
 
1,835
1,907,948
Long Island Power Authority, Refunding RB, Series A,
5.25%, 09/01/50
 
2,620
2,809,066
New York City Municipal Water Finance Authority, RB
 
Series BB, 5.00%, 06/15/52
 
2,220
2,335,501
Series CC-1, 4.00%, 06/15/52
 
4,000
3,677,894
Series FF-1, Subordinate, 4.00%, 06/15/49
 
9,535
8,866,248
New York City Municipal Water Finance Authority,
Refunding RB
 
5.00%, 06/15/50
 
930
959,006
Series DD, 4.13%, 06/15/46
 
535
521,125
Series DD, 4.13%, 06/15/47
 
3,395
3,298,716
4
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Utilities (continued)
New York Power Authority, RB
 
Series A, Sustainability Bonds, (AGM), 5.00%,
11/15/48
$
4,180
$ 4,406,892
Series A, Sustainability Bonds, (AGM), 5.00%,
11/15/53
 
2,375
2,481,138
New York Power Authority, Refunding RB
 
Series A, Sustainability Bonds, 4.00%, 11/15/55
 
7,610
7,031,455
Series A, Sustainability Bonds, 4.00%, 11/15/60
 
580
523,932
New York State Environmental Facilities Corp., RB,
Series A, Sustainability Bonds, 5.00%, 09/15/54
 
2,630
2,794,143
New York State Environmental Facilities Corp.,
Refunding RB, 5.00%, 06/15/51
 
2,035
2,133,568
Rockland County Solid Waste Management Authority,
RB, Series A, AMT, Sustainability Bonds, 4.00%,
12/15/46
 
730
671,497
Utility Debt Securitization Authority, Refunding RB,
Series 2, Sustainability Bonds, 5.00%, 06/15/53
 
555
584,400
 
 
56,859,418
Total Municipal Bonds in New York
339,657,321
Puerto Rico — 4.3%
State — 4.3%
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB
 
Series A-1, Restructured, 4.75%, 07/01/53
 
965
912,409
Series A-1, Restructured, 5.00%, 07/01/58
 
7,187
6,980,307
Series A-2, Restructured, 4.78%, 07/01/58
 
1,544
1,451,972
Series A-2, Restructured, 4.33%, 07/01/40
 
618
599,148
Series B-1, Restructured, 4.75%, 07/01/53
 
5
4,727
Series B-2, Restructured, 4.78%, 07/01/58
 
126
118,490
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB, Series A-1, Restructured, 0.00%,
07/01/46(c)
 
4,541
1,580,416
Total Municipal Bonds in Puerto Rico
11,647,469
South Carolina — 1.0%
Corporate — 1.0%
Patriots Energy Group Financing Agency, RB, Series A1,
5.25%, 10/01/54(a)
 
2,520
2,749,040
Total Municipal Bonds — 136.9%
(Cost: $365,980,521)
373,097,232
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
New York — 29.4%
County/City/Special District/School District(i) — 6.1%
County of Nassau New York, GOL
 
Series A, 5.00%, 04/01/49
 
4,139
4,361,167
Series A, 5.00%, 04/01/55
 
2,620
2,743,801
Triborough Bridge & Tunnel Authority Sales Tax
Revenue, RB, Class A, 5.25%, 05/15/52
 
9,100
9,609,846
 
 
16,714,814
Education — 1.4%
Onondaga Civic Development Corp., RB, 5.50%,
12/01/56(i)
 
3,517
3,847,558
Housing — 1.2%
New York City Ny Hsg Dev Corp, 5.00%, 11/01/55
 
3,276
3,324,028
Security
 
Par
(000)
Value
State — 4.6%
New York State Dormitory Authority, Refunding RB
 
Series A, 5.00%, 03/15/55
$
2,620
$ 2,744,190
Series B, 5.00%, 03/15/54(i)
 
5,118
5,354,817
Series C, 5.50%, 03/15/53(i)
 
3,920
4,277,589
 
 
12,376,596
Transportation — 9.6%
Metropolitan Transportation Authority Dedicated Tax
Fund, Refunding RB, Sustainability Bonds, Series B-2,
5.00%, 11/15/47(i)
 
4,057
4,264,724
Port Authority of New York & New Jersey, ARB, AMT,
Series 221, 4.00%, 07/15/55
 
2,860
2,569,346
Port Authority of New York & New Jersey, Refunding
ARB, AMT, Series 200, 5.50%, 08/01/52(i)
 
4,040
4,277,371
Triborough Bridge & Tunnel Authority, RB, Series A,
5.00%, 11/15/49
 
9,500
9,789,591
Triborough Bridge & Tunnel Authority, Refunding RB,
Series C, 5.25%, 05/15/52(i)
 
5,000
5,248,363
 
 
26,149,395
Utilities(i) — 6.5%
New York City Municipal Water Finance Authority, RB,
Series BB, 5.25%, 06/15/55
 
7,420
7,944,777
New York City Municipal Water Finance Authority,
Refunding RB, Series AA-3, 5.25%, 06/15/48
 
4,557
4,853,241
Utility Debt Securitization Authority, Refunding RB,
Sustainability Bonds, 2nd Series, 5.00%, 12/15/50
 
4,580
4,830,682
 
 
17,628,700
Total Municipal Bonds in New York
80,041,091
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 29.4%
(Cost: $78,485,371)
80,041,091
Total Long-Term Investments — 166.3%
(Cost: $444,465,892)
453,138,323
 
 
 
 
Shares
 
Short-Term Securities
Money Market Funds — 0.8%
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.01%(j)(k)
 
2,055,007
2,055,212
Total Short-Term Securities — 0.8%
(Cost: $2,055,212)
2,055,212
Total Investments — 167.1%
(Cost: $446,521,104)
455,193,535
Other Assets Less Liabilities — 2.2%
5,718,443
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (20.9)%
(56,798,284
)
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(48.4)%
(131,719,535
)
Net Assets Applicable to Common Shares — 100.0%
$  272,394,159
 
(a)
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate and
spread if published and available.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registration to
qualified institutional investors.
(c)
Zero-coupon bond.
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
 
(d)
Issuer filed for bankruptcy and/or is in default.
(e)
Non-income producing security.
(f)
When-issued security.
(g)
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently
in effect.
(h)
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates
received by the Fund. These bonds serve as collateral in a secured borrowing.
(i)
All or a portion of the security is subject to a recourse agreement. The aggregate
maximum potential amount the Fund could ultimately be required to pay under the
agreements, which expire between November 15, 2030 to June 15, 2033, is $45,098,383.
(j)
Affiliate of the Fund.
(k)
Annualized 7-day yield as of period end.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes. 
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
07/31/25
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
10/31/25
Shares
Held at
10/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, MuniCash, Institutional Shares
$ 14,341,331
$ —
$ (12,286,119
)(a)
$ —
$ —
$ 2,055,212
2,055,007
$ 31,697
$ —
 
(a)
Represents net amount purchased (sold).
Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount (000)
Value/
Unrealized
Appreciation
(Depreciation)
Short Contracts 
10-Year U.S. Treasury Note
88
12/19/25
$ 9,921
$ (99,147
)
U.S. Long Bond
86
12/19/25
10,100
(299,238
)
5-Year U.S. Treasury Note
50
12/31/25
5,463
(19,232
)
 
$ (417,617
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 
• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
6
Schedule of Investments (unaudited)(continued)
October 31, 2025
BlackRock New York Municipal Income Trust (BNY)
 
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above. 
 
Level 1
Level 2
Level 3
Total
Assets
Investments 
Long-Term Investments 
Municipal Bonds
$ —
$ 373,097,232
$ —
$ 373,097,232
Municipal Bonds Transferred to Tender Option Bond Trusts
—
80,041,091
—
80,041,091
Short-Term Securities 
Money Market Funds
2,055,212
—
—
2,055,212
 
$2,055,212
$453,138,323
$—
$455,193,535
Derivative Financial Instruments(a)
Liabilities 
Interest Rate Contracts
$ (417,617
)
$ —
$ —
$ (417,617
)
 
(a)
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows: 
 
Level 1
Level 2
Level 3
Total
Liabilities
TOB Trust Certificates
$—
$(56,524,461
)
$—
$(56,524,461
)
VRDP Shares at Liquidation Value
—
(132,000,000
)
—
(132,000,000
)
 
$—
$(188,524,461
)
$—
$(188,524,461
)
 
Portfolio Abbreviation 
AGM
 Assured Guaranty Municipal Corp.
AGM-CR
 AGM Insured Custodial Receipt
AMBAC
 AMBAC Assurance Corp.
AMT
 Alternative Minimum Tax
ARB
 Airport Revenue Bonds
BAM-TCRS
 Build America Mutual Assurance Co. - Transferable
Custodial Receipts
CAB
 Capital Appreciation Bonds
FHLMC
 Federal Home Loan Mortgage Corp.
FNMA
 Federal National Mortgage Association
GNMA
 Government National Mortgage Association
GO
 General Obligation Bonds
GOL
 General Obligation Ltd.
HUD SECT 8
 U.S. Department of Housing and Urban Development
Section 8
M/F
 Multi-Family
RB
 Revenue Bonds
S/F
 Single-Family
SAW
 State Aid Withholding
SONYMA
 State of New York Mortgage Agency
Schedule of Investments
7