BNY BlackRock NY Municipal Income Trust

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-10337

Name of Fund:    BlackRock New York Municipal Income Trust (BNY)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Registrant’s telephone number, including area code:    (800) 882-0052, Option 4

Date of fiscal year end:    10/31/2008

Date of reporting period:    11/01/2007 – 01/31/2008

Item 1 – Schedule of Investments

BlackRock New York Municipal Income Trust
Schedule of Investments as of January 31, 2008 (Unaudited)		(in Thousands)

		Face
		Amount			Municipal Bonds		Value
New York - 132.8%		$	910		Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter School Project), Series A ,7% due 5/01/2025	$	750
			590		Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter School Project), Series A, 7% due 5/01/2035		477
			7,000		Dutchess County, New York, IDA, Civic Facility Revenue Refunding Bonds (Bard College), Series A-2, 4.50% due 8/01/2036		6,634
			500		Genesee County, New York, IDA, Civic Facility Revenue Refunding Bonds (United Memorial Medical Center Project), 5% due 12/01/2027		448
			4,900		Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A, 4.50% due 2/15/2047 (f)		4,667
			1,000		Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A, 5% due 2/15/2047		988
			5,000		Long Island Power Authority, New York, Electric System Revenue Refunding Bonds, Series B, 5% due 12/01/2035		5,133
			2,500		Long Island Power Authority, New York, Electric System Revenue Refunding Bonds, Series B, 5% due 12/01/2035 (c)		2,575
			2,000		Madison County, New York, IDA, Civic Facility Revenue Bonds (Colgate University Project), Series B, 5% due 7/01/2033		2,055
			700		Madison County, New York, IDA, Civic Facility Revenue Bonds (Commons II LLC - Student Housing), Series A, 5% due 6/01/2033 (c)		692
			12,000		Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue Refunding Bonds, Series A, 5% due 11/15/2030		12,271
			12,000		Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, Series A, 5.125% due 11/15/2031		12,231
			5,000		New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 5% due 1/01/2036 (b)		5,025
			1,500		New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 5% due 1/01/2039 (b)		1,506
			1,000		New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project), 5% due 1/01/2046 (b)		998
			1,000		New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium Project), 5% due 3/01/2036 (f)		1,005
			3,500		New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium Project), 5% due 3/01/2046 (d)		3,494
			1,550		New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal Charter Properties Inc.-
					The New York and Pennsylvania Hospital Leasehold Project), 5.25% due 12/15/2032 (e)		1,661
			2,000		New York City, New York, City IDA, Revenue Bonds (IAC/InterActiveCorp Project), 5% due 9/01/2035		1,813
			3,200		New York City, New York, City IDA, Special Facility Revenue Bonds (American Airlines, Inc. - JFK
					International Airport), AMT, 7.625% due 8/01/2025		3,422
			4,000		New York City, New York, City IDA, Special Facility Revenue Bonds (Continental Airlines Inc. Project), AMT, 7.75% due 8/01/2031		4,313
			2,750		New York City, New York, City Municipal Water Finance Authority, Second General Resolution, Water and Sewer
					System Revenue Bonds, Series AA, 4.50% due 6/15/2037 (f)		2,654
			4,000		New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds,
					Series A, due 6/15/2032 (d)		4,068
			1,250		New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds,
					Series A, 4.25% due 6/15/2039 (e)		1,180
			1,500		New York City, New York, City Municipal Water Finance Authority, Water and Sewer System Revenue Bonds, Series D, 5% due 6/15/2038		1,546
			6,500		New York City, New York, City Municipal Water Finance Authority, Water and Sewer System, Revenue
					Refunding Bonds, Series C, 5% due 6/15/2032		6,723
Portfolio Abbreviations
To simplify the listings of BlackRock New York Municipal Income Trust, portfolio   holdings in the Schedule of Investments, we have abbreviated the names of many of the securities   accordin g to the list below.

AMT	Alternative Minimum Tax (subject to)		IDR	Industrial Development Revenue Bonds
GO	General Obligations Bonds		M/F	Multi-Family
HFA	Housing Finance Agency		PILOT	Payment in Lieu of Taxes
IDA	Industrial Development Authority		TFABS	Tobacco Flexible Amortization Bonds

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BlackRock New York Municipal Income Trust
Schedule of Investments as of January 31, 2008 (Unaudited)		(in Thousands)

		Face
		Amount		Municipal Bonds		Value
	$	5,000		New York City, New York, City Municipal Water Finance Authority, Water and Sewer System, Revenue Refunding
				Bonds, Series D, 5% due 6/15/2039	$	5,152
		500		New York City, New York, City Transitional Finance Authority, Building Aid Revenue Bonds, Series S-1, 5% due 7/15/2031 (d)		516
		1,700		New York City, New York, City Transitional Finance Authority, Building Aid Revenue Bonds, Series S-2, 4.25% due 1/15/2034 (d)		1,578
		1,495		New York City, New York, City Transitional Finance Authority, Future Tax Secured Revenue Bonds, Series C, 5% due 5/01/2009 (g)		1,564
		6,000		New York City, New York, GO, Series C, 5.375% due 3/15/2012 (g)		6,650
		2,200		New York City, New York, GO, Series D, 5.375% due 6/01/2012 (g)		2,449
		4,000		New York City, New York, GO, Series D, 5.375% due 6/01/2032		4,135
		750		New York City, New York, IDA, Civic Facility Revenue Bonds (Marymount School of New York Project), 5.125% due 9/01/2021 (a)		727
		2,000		New York City, New York, IDA, Civic Facility Revenue Bonds (Marymount School of New York Project), 5.25% due 9/01/2031 (a)		1,791
		3,000		New York City, New York, IDA, Civic Facility Revenue Refunding Bonds (Polytechnic University), 5.25% due 11/01/2037 (a)		2,622
		14,850		New York City, New York, IDA, Special Airport Facility Revenue Bonds (Aero JFK I, LLC Project), AMT, Series A, 5.50% due 7/01/2028		13,974
		10,010		New York Convention Center Development Corporation, New York, Revenue Bonds (Hotel Unit Fee Secured), 5% due 11/15/2044 (b)		10,177
		6,700		New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, 6% due 6/01/2043		6,877
		7,000		New York Liberty Development Corporation Revenue Bonds (Goldman Sachs Headquarters), 5.25% due 10/01/2035		7,347
		1,740		New York Liberty Development Corporation Revenue Bonds (National Sports Museum Project), Series A, 6.125% due 2/15/2019		1,732
		4,855		New York State Dormitory Authority, Mental Health Services Facilities Improvement, Revenue Bonds, Series B, 5% due 2/15/2035 (b)		4,962
		500		New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds (Manhattan College), Series B, 5.30% due 7/01/2037 (h)		507
		530		New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds (New York University Hospitals
				Center), Series B, 5.625% due 7/01/2037		528
		3,000		New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding Bonds
				(Mount Sinai-NYU Medical Center Health System), Series C, 5.50% due 7/01/2026		3,015
		1,000		New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding Bonds
				(Mount Sinai School of Medicine of New York University), 5% due 7/01/2035 (f)		1,016
		9,000		New York State Dormitory Authority Revenue Bonds (New School University), 5% due 7/01/2041 (f)		9,050
		5,000		New York State Dormitory Authority Revenue Bonds (New York University), Series 2, 5% due 7/01/2041 (b)		5,064
		2,000		New York State Dormitory Authority Revenue Bonds (North Shore - Long Island Jewish Health System), 5.375% due 5/01/2013 (g)		2,260
		2,000		New York State Dormitory Authority Revenue Bonds (North Shore - Long Island Jewish Health System), 5.50% due 5/01/2013 (g)		2,272
		850		New York State, HFA, M/F Housing Revenue Bonds (Kensico Terrace Apartments), AMT, Series B, 4.95% due 2/15/2038		818
		15,500		New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, AMT, 31st Series A, 5.30% due 10/01/2031		15,562
		5,560		New York State Mortgage Agency Revenue Bonds, AMT, Series 101, 5.40% due 4/01/2032		5,605
		1,175		New York State Thruway Authority, General Revenue Refunding Bonds, Series H, 5% due 1/01/2037 (d)		1,221
		8,815		Port Authority of New York and New Jersey, Special Obligation Revenue Bonds (Continental Airlines, Inc. - LaGuardia
				Project), AMT, 9.125% due 12/01/2015		9,144
		7,000		Port Authority of New York and New Jersey, Special Obligation Revenue Bonds (JFK International Air Terminal), AMT,
				Series 6, 5.75% due 12/01/2022 (f)		7,149
		2,500		Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Revenue Bonds,
				Series A, 5.75% due 6/01/2043		2,531

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BlackRock New York Municipal Income Trust
Schedule of Investments as of January 31, 2008 (Unaudited)		(in Thousands)

			Face
			Amount		Municipal Bonds		Value
		$	5,000		Rockland Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Revenue Bonds,
					5.75% due 8/15/2043	$	5,065
			1,175		Suffolk County, New York, IDA, Continuing Care and Retirement, Revenue Refunding Bonds (Jeffersons Ferry
					Project), 5% due 11/01/2028		1,103
			7,000		Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25% due 6/01/2027		7,038
			5,000		TSASC, Inc., New York, TFABS, Series 1, 5.75% due 7/15/2012 (g)		5,647
			2,000		TSASC, Inc., New York, TFABS, Series 1, 6.375% due 7/15/2009 (g)		2,140
			2,500		Westchester County, New York, IDA, Civic Facilities Revenue Bonds (Windward School Civic Facility), 5.25% due 10/01/2031 (h)		2,515
			2,000		Westchester Tobacco Asset Securitization Corporation, New York, Revenue Bonds, 6.75% due 7/15/2010 (g)		2,229
Puerto Rico - 11.1%			4,400		Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series D, 5.25% due 7/01/2012 (g)		4,853
			1,600		Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series D, 5.25% due 7/01/2036		1,579
			7,475		Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds, Series E, 5.50% due 2/01/2012 (g)		8,266
			6,000		Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds, Series E, 5.70% due 2/01/2010 (g)		6,376
					Total Municipal Bonds (Cost - $267,615) - 143.9%		273,135
					Corporate Bonds
Multi-State - 11.4%			6,000		Charter Mac Equity Issuer Trust, 6.30% due 6/30/2049 (i)		6,269
			5,500		Charter Mac Equity Issuer Trust, 6.80% due 11/30/2050 (i)		6,013
			6,000		MuniMae TE Bond Subsidiary LLC, 6.30% due 6/30/2049 (i)		6,221
			3,000		MuniMae TE Bond Subsidiary LLC, 6.80% due 6/30/2050 (i)		3,226
					Total Corporate Bonds (Cost - $20,503) - 11.4%		21,729
					Short-Term Securities
			2,153		CMA New York Municipal Money Fund 2.04% (j)(k)		2,153
					Total Short-Term Securities (Cost - $2,153) - 1.1%		2,153
					Total Investments (Cost - $290,271*) - 156.4%		297,017
					Other Assets Less Liabilities - 1.4%		2,611
					Preferred Shares, at Redemption Value - (57.8%)		(109,801	)
					Net Assets Applicable to Common Shares- 100.0%	$	189,827

*	The cost and unrealized appreciation (depreciation) of investments as of January 31, 2008,
	as computed for federal income tax purposes, were as follows:
	Aggregate cost		$	291,050
	Gross unrealized appreciation		$	9,686
	Gross unrealized depreciation			(3,719	)
	Net unrealized appreciation		$	5,967

(a)	ACA Insured.
(b)	AMBAC Insured.
(c)	CIFG Insured.
(d)	FGIC Insured.
(e)	FSA Insured.
(f)	MBIA Insured.
(g)	Prerefunded.
(h)	Radian Insured.
(i)	The security may be offered and sold to "qualified institutional buyers" under Rule 144A of the Securities Act of 1933.

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BlackRock New York Municipal Income Trust
Schedule of Investments as of January 31, 2008 (Unaudited)		(in Thousands)

(j)	Investments in companies considered to be an affiliate of the Trust, for purposes of Section
	2(a)(3) of the Investment Company Act of 1940, were as follows:
		Net		Dividend
	Affiliate	Activity		Income
	CMA New York Municipal Money Fund	2,106		$11
(k) Represents the current yield as of January 31, 2008.
•	Forward interest rate swaps outstanding as of January 31, 2008 were as follows:
		Notional		Unrealized
		Amount		(Depreciation)
	Pay a fixed rate of 3.841% and receive a floating rate
	based on 1-week (SIFMA) Municipal Swap Index rate
	Broker, Citibank NA
	Expires March 2033	$6,000		$(93)

 

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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 13a-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
By:		/s/ Donald C. Burke
		Donald C. Burke
		Chief Executive Officer of
		BlackRock New York Municipal Income Trust
Date: March 24, 2008

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/ Donald C. Burke
		Donald C. Burke
		Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Income Trust
Date: March 24, 2008
By:		/s/ Neal J. Andrews
		Neal J. Andrews
		Chief Financial Officer (principal financial officer) of
BlackRock New York Municipal Income Trust
Date: March 24, 2008

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