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 811-6619
 
Nuveen New York Premium Income Municipal Fund, Inc.
(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:          6/30/12         
 
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 New York Premium Income Municipal Fund, Inc. (NNF)  
     
   
June 30, 2012  
     
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 2.0% (1.3% of Total Investments)  
     
$    3,700  
 
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42  
6/16 at 100.00  
BB  
$    2,667,663  
   
Education and Civic Organizations – 19.8% (13.3% of Total Investments)  
     
   
Dormitory Authority of the State of New York, General Revenue Bonds, New York University,  
     
   
Series 2001-1:  
     
1,500  
 
5.500%, 7/01/24 – AMBAC Insured  
No Opt. Call  
AA–  
1,949,730  
500  
 
5.500%, 7/01/40 – AMBAC Insured  
No Opt. Call  
AA–  
655,805  
435  
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  
No Opt. Call  
BBB  
489,092  
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured  
     
50  
 
Dormitory Authority of the State of New York, Insured Revenue Bonds, Yeshiva University,  
1/13 at 100.00  
A2  
50,117  
   
Series 2001, 5.000%, 7/01/20 – AMBAC Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
No Opt. Call  
Aa2  
1,047,740  
   
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured  
     
635  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/15 at 100.00  
Aa2  
693,020  
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured  
     
970  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/16 at 100.00  
Aa2  
1,034,961  
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured  
     
1,500  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
No Opt. Call  
Aa2  
1,662,120  
   
Facilities, Series 2011A, 5.000%, 7/01/41  
     
255  
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,  
7/17 at 100.00  
BBB  
266,286  
   
5.000%, 7/01/37 – FGIC Insured  
     
600  
 
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,  
5/21 at 100.00  
AA–  
703,584  
   
Series 2011, 5.750%, 11/01/40 – AGM Insured  
     
345  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,  
7/17 at 100.00  
AA–  
377,437  
   
5.000%, 7/01/32 – AMBAC Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series  
7/19 at 100.00  
AA–  
1,169,000  
   
2009A, 5.250%, 7/01/34  
     
3,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series  
7/19 at 100.00  
AA–  
3,327,570  
   
2009B, 5.000%, 7/01/39  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology,  
     
   
Series 2006A:  
     
250  
 
5.250%, 7/01/20 – AMBAC Insured  
No Opt. Call  
A1  
305,895  
200  
 
5.250%, 7/01/21 – AMBAC Insured  
No Opt. Call  
A1  
246,190  
1,935  
 
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,  
7/15 at 100.00  
AA–  
2,139,626  
   
Upstate Community Colleges, Series 2005A, 5.000%, 7/01/19 – FGIC Insured  
     
535  
 
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate  
No Opt. Call  
AA+  
603,539  
   
University, Tender Option Bond Trust 3127, 13.095%, 1/01/14 – AMBAC Insured (IF)  
     
   
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,  
     
   
Queens Baseball Stadium Project, Series 2009:  
     
400  
 
6.125%, 1/01/29 – AGC Insured  
1/19 at 100.00  
AA–  
448,144  
200  
 
6.375%, 1/01/39 – AGC Insured  
1/19 at 100.00  
AA–  
226,056  
1,110  
 
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  
1/17 at 100.00  
BB+  
1,094,016  
   
Stadium Project, Series 2006, 5.000%, 1/01/46 – AMBAC Insured  
     
1,445  
 
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  
3/19 at 100.00  
AA–  
1,717,498  
   
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:  
     
415  
 
5.000%, 3/01/31 – FGIC Insured  
9/16 at 100.00  
BBB  
430,538  
2,360  
 
5.000%, 3/01/36 – NPFG Insured  
9/16 at 100.00  
BBB  
2,427,331  
2,025  
 
4.500%, 3/01/39 – FGIC Insured  
9/16 at 100.00  
BBB  
2,010,886  
600  
 
Niagara Area Development Corporation, New York, Niagara University Project, Series 2012A,  
5/22 at 100.00  
BBB+  
640,572  
   
5.000%, 5/01/35  
     
350  
 
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,  
9/20 at 100.00  
A–  
380,632  
   
Series 2010A, 5.125%, 9/01/40  
     
23,615  
 
Total Education and Civic Organizations  
   
26,097,385  
   
Health Care – 12.1% (8.1% of Total Investments)  
     
280  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,  
8/19 at 100.00  
AA+  
343,538  
   
Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34  
     
1,400  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.  
8/12 at 100.00  
N/R  
1,404,480  
   
Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured  
     
805  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson  
8/17 at 100.00  
AA–  
876,371  
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured  
     
1,405  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  
2/15 at 100.00  
BBB  
1,526,814  
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured  
     
620  
 
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series  
7/17 at 100.00  
AA–  
663,102  
   
2007B, 5.125%, 7/01/37 – AGC Insured  
     
1,795  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian  
8/14 at 100.00  
AA–  
1,974,374  
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured  
     
740  
 
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian  
8/14 at 100.00  
AA–  
761,852  
   
Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, Vassar Brothers Hospital, Series  
1/13 at 100.00  
AA–  
1,012,840  
   
1997, 5.250%, 7/01/17 – AGM Insured  
     
3,450  
 
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University  
7/12 at 100.00  
Baa1  
3,452,864  
   
Health System Obligated Group, Series 2001A, 5.250%, 7/01/31 – AMBAC Insured  
     
   
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,  
     
   
Series 2003A:  
     
1,625  
 
5.250%, 2/15/21 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,664,926  
1,000  
 
5.250%, 2/15/22 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,028,410  
705  
 
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance & Financing  
7/21 at 100.00  
A–  
791,003  
   
Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group  
     
   
Project, Series 2011, 5.000%, 7/01/28  
     
425  
 
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series  
11/20 at 100.00  
A3  
491,249  
   
2010-C2, 6.125%, 11/01/37  
     
15,250  
 
Total Health Care  
   
15,991,823  
   
Housing/Multifamily – 2.8% (1.9% of Total Investments)  
     
   
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  
     
   
Series 2005A:  
     
400  
 
5.000%, 7/01/14 – FGIC Insured  
No Opt. Call  
AA–  
433,568  
400  
 
5.000%, 7/01/16 – FGIC Insured  
7/15 at 100.00  
AA–  
443,924  
2,165  
 
5.000%, 7/01/25 – NPFG Insured (UB)  
7/15 at 100.00  
AA–  
2,289,834  
365  
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,  
5/20 at 100.00  
AA  
392,130  
   
Series 2010-D1A, 5.000%, 11/01/42  
     
95  
 
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project,  
11/12 at 100.00  
AA–  
95,227  
   
Series 1996A, 6.125%, 11/01/20 – AGM Insured  
     
3,425  
 
Total Housing/Multifamily  
   
3,654,683  
   
Long-Term Care – 0.6% (0.4% of Total Investments)  
     
850  
 
Dormitory Authority of the State of New York, Insured Revenue Bonds, NYSARC Inc., Series  
1/13 at 101.00  
AA–  
861,195  
   
2001A, 5.000%, 7/01/26 – AGM Insured  
     
   
Tax Obligation/General – 5.4% (3.6% of Total Investments)  
     
500  
 
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured  
3/13 at 100.00  
A2  
516,065  
315  
 
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured  
No Opt. Call  
A2  
325,042  
210  
 
Nassau County, New York, General Obligation Improvement Bonds, Series 1993H, 5.500%, 6/15/16 –  
No Opt. Call  
A+  
244,297  
   
NPFG Insured  
     
1,000  
 
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –  
3/15 at 100.00  
AA  
1,109,100  
   
FGIC Insured  
     
   
New York City, New York, General Obligation Bonds, Series 2004E:  
     
1,000  
 
5.000%, 11/01/19 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,099,450  
1,100  
 
5.000%, 11/01/20 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,208,317  
915  
 
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 – NPFG Insured  
No Opt. Call  
A2  
953,274  
1,525  
 
Yonkers, New York, General Obligation Bonds, Series 2005A, 5.000%, 8/01/16 – NPFG Insured  
8/15 at 100.00  
BBB+  
1,665,712  
6,565  
 
Total Tax Obligation/General  
   
7,121,257  
   
Tax Obligation/Limited – 63.2% (42.5% of Total Investments)  
     
690  
 
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series  
7/15 at 100.00  
AA–  
771,924  
   
2005A, 5.250%, 7/01/24 – CIFG Insured  
     
50  
 
Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health  
8/12 at 100.00  
AA–  
50,163  
   
Services Facilities, Series 2000D, 5.250%, 8/15/30 – AGM Insured  
     
500  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, Wayne-Finger Lakes Board of  
8/14 at 100.00  
AA–  
541,645  
   
Cooperative Education Services, Series 2004, 5.000%, 8/15/23 – AGM Insured  
     
1,210  
 
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series  
7/14 at 100.00  
AA–  
1,298,717  
   
2004-2, 5.000%, 7/01/20 – FGIC Insured  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities  
     
   
Improvements, Series 2005D-1:  
     
225  
 
5.000%, 2/15/15 – FGIC Insured  
No Opt. Call  
AA–  
249,424  
600  
 
5.000%, 8/15/23 – FGIC Insured  
2/15 at 100.00  
AA–  
659,778  
   
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing  
     
   
Program, Series 2002D:  
     
4,300  
 
5.250%, 10/01/23 – NPFG Insured  
10/12 at 100.00  
A+  
4,349,063  
875  
 
5.000%, 10/01/30 – NPFG Insured  
10/12 at 100.00  
A+  
884,214  
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational  
No Opt. Call  
Aa3  
1,196,210  
   
Facilities, Series 1993A, 5.500%, 5/15/19 – AMBAC Insured  
     
2,200  
 
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue  
No Opt. Call  
AA–  
2,588,366  
   
Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured  
     
375  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AAA  
415,838  
   
2005F, 5.000%, 3/15/21 – AGM Insured  
     
830  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/18 at 100.00  
AA–  
966,601  
   
City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)  
     
1,000  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/19 at 100.00  
AA–  
1,097,180  
   
City School District Project, Series 2009A, 5.000%, 5/01/31  
     
2,615  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/17 at 100.00  
AA–  
3,039,467  
   
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)  
     
1,000  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series  
2/21 at 100.00  
A
1,150,590  
   
2011A, 5.750%, 2/15/47  
     
5,000  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,  
2/17 at 100.00  
A
5,227,350  
   
2/15/47 – FGIC Insured  
     
2,500  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A,  
11/12 at 100.00  
AA  
2,536,925  
   
5.250%, 11/15/25 – AGM Insured  
     
1,500  
 
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,  
No Opt. Call  
AA–  
1,856,550  
   
Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)  
     
   
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,  
     
   
Series 2003A:  
     
1,000  
 
5.000%, 11/15/18 – AMBAC Insured  
11/13 at 100.00  
AAA  
1,061,060  
580  
 
4.750%, 11/15/21 – AMBAC Insured  
11/13 at 100.00  
AAA  
612,109  
580  
 
4.750%, 11/15/22 – AMBAC Insured  
11/13 at 100.00  
AAA  
611,697  
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local  
     
   
Government Assistance Corporation, Series 2004A:  
     
920  
 
5.000%, 10/15/25 – NPFG Insured (UB)  
10/14 at 100.00  
AAA  
999,856  
680  
 
5.000%, 10/15/26 – NPFG Insured (UB)  
10/14 at 100.00  
AAA  
738,052  
4,590  
 
5.000%, 10/15/29 – AMBAC Insured (UB)  
10/14 at 100.00  
AAA  
5,015,906  
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
2/22 at 100.00  
AAA  
2,234,760  
   
Series E-1, 5.000%, 2/01/42  
     
4,400  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
5/22 at 100.00  
AAA  
4,939,308  
   
Series F-1, 5.000%, 5/01/39  
     
20  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  
2/13 at 100.00  
AAA  
20,547  
   
Series 2003E, 5.250%, 2/01/22 – NPFG Insured  
     
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
11/20 at 100.00  
AAA  
2,355,880  
   
Subordinate Lien Series 2011C, 5.500%, 11/01/35  
     
   
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:  
     
5,340  
 
5.750%, 4/01/33 – AGM Insured  
4/21 at 100.00  
AA+  
6,316,366  
2,000  
 
5.750%, 4/01/41  
4/21 at 100.00  
AA–  
2,335,900  
   
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option  
     
   
Bonds Trust 3095:  
     
345  
 
13.093%, 11/15/30 – AMBAC Insured (IF)  
11/15 at 100.00  
AA+  
410,536  
1,365  
 
13.079%, 11/15/44 – AMBAC Insured (IF)  
11/15 at 100.00  
AA+  
1,563,539  
1,500  
 
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%,  
No Opt. Call  
AAA  
1,700,160  
   
4/01/16 – AGM Insured (UB)  
     
1,000  
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,  
4/14 at 100.00  
AA  
1,073,790  
   
Series 2004A, 5.000%, 4/01/23 – NPFG Insured  
     
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,  
     
   
Series 2005B:  
     
2,960  
 
5.500%, 4/01/20 – AMBAC Insured  
No Opt. Call  
AA  
3,751,326  
500  
 
5.000%, 4/01/21 – AMBAC Insured  
10/15 at 100.00  
AA  
564,845  
750  
 
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A,  
9/14 at 100.00  
AAA  
813,623  
   
5.000%, 3/15/24 – AMBAC Insured  
     
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  
     
   
State Contingency Contract-Backed Bonds, Series 2003A-1:  
     
2,100  
 
5.250%, 6/01/20 – AMBAC Insured  
6/13 at 100.00  
AA–  
2,192,694  
3,800  
 
5.250%, 6/01/22 – AMBAC Insured  
6/13 at 100.00  
AA–  
3,967,732  
1,300  
 
New York State Urban Development Corporation, Revenue Bonds, Correctional Facilities, Series  
No Opt. Call  
AA–  
1,352,052  
   
1994A, 5.250%, 1/01/14 – AGM Insured  
     
345  
 
Niagara Falls City School District, Niagara County, New York, Certificates of Participation,  
6/15 at 100.00  
AA–  
362,457  
   
High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured  
     
1,000  
 
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series  
No Opt. Call  
AA–  
1,150,440  
   
2002E, 5.500%, 7/01/18 – AGM Insured  
     
1,470  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/20 at 100.00  
AA–  
1,571,224  
   
2010C, 5.125%, 8/01/42 – AGM Insured  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:  
     
10,395  
 
0.000%, 8/01/44 – NPFG Insured  
No Opt. Call  
AA–  
1,663,304  
18,280  
 
0.000%, 8/01/46 – NPFG Insured  
No Opt. Call  
AA–  
2,576,749  
20,515  
 
0.000%, 8/01/47 – AMBAC Insured  
No Opt. Call  
AA–  
2,707,980  
118,205  
 
Total Tax Obligation/Limited  
   
83,543,897  
   
Transportation – 15.0% (10.0% of Total Investments)  
     
2,000  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,  
11/13 at 100.00  
AA–  
2,099,140  
   
5.000%, 11/15/25 – AGM Insured  
     
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:  
     
600  
 
4.750%, 11/15/27 – NPFG Insured  
11/15 at 100.00  
AA–  
662,334  
1,500  
 
4.750%, 11/15/30 – AMBAC Insured  
11/15 at 100.00  
A
1,559,430  
   
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,  
     
   
Series 2002A:  
     
500  
 
5.500%, 11/15/19 – AMBAC Insured  
11/12 at 100.00  
A
509,090  
2,010  
 
5.000%, 11/15/25 – FGIC Insured  
11/12 at 100.00  
A
2,039,426  
2,000  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,  
11/12 at 100.00  
A
2,029,280  
   
Series 2002E, 5.000%, 11/15/25 – NPFG Insured  
     
790  
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,  
11/21 at 100.00  
A+  
853,484  
   
Series 2011, 5.000%, 11/15/44  
     
330  
 
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,  
1/18 at 100.00  
A+  
374,276  
   
1/01/25 – FGIC Insured  
     
   
New York State Thruway Authority, General Revenue Bonds, Series 2005F:  
     
925  
 
5.000%, 1/01/20 – AMBAC Insured  
1/15 at 100.00  
A+  
1,015,724  
2,240  
 
5.000%, 1/01/30 – AMBAC Insured  
1/15 at 100.00  
A+  
2,425,450  
600  
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM  
7/15 at 100.00  
AA–  
661,674  
   
Insured (UB)  
     
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth  
     
   
Series 2005:  
     
1,000  
 
5.000%, 12/01/28 – SYNCORA GTY Insured  
6/15 at 101.00  
Aa2  
1,070,950  
565  
 
5.000%, 12/01/31 – SYNCORA GTY Insured  
6/15 at 101.00  
Aa2  
601,968  
410  
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  
8/17 at 100.00  
Aa2  
561,913  
   
Eighth Series 2008, Trust 2920, 17.352%, 8/15/32 – AGM Insured (IF)  
     
   
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue  
     
   
Refunding Bonds, Series 2002E:  
     
780  
 
5.500%, 11/15/20 – NPFG Insured  
No Opt. Call  
A+  
981,646  
2,300  
 
5.250%, 11/15/22 – NPFG Insured  
11/12 at 100.00  
A+  
2,339,652  
18,550  
 
Total Transportation  
   
19,785,437  
   
U.S. Guaranteed – 10.1% (6.8% of Total Investments) (4)  
     
3,000  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,  
8/12 at 100.00  
BBB (4)  
3,005,790  
   
Ellis Hospital, Series 1995, 5.600%, 8/01/25 (Pre-refunded 8/03/12) – NPFG Insured  
     
2,740  
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  
7/13 at 100.00  
Aa2 (4)  
2,871,328  
   
Center, Series 2003-1, 5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured  
     
500  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/14 at 100.00  
AA– (4)  
549,590  
   
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured (UB)  
     
500  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A,  
10/14 at 100.00  
AA+ (4)  
552,365  
   
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured  
     
980  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  
2/13 at 100.00  
Aaa  
1,009,322  
   
Series 2003E, 5.250%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured  
     
1,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  
2/14 at 100.00  
AAA  
1,074,470  
   
Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured  
     
1,500  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds,  
2/13 at 100.00  
Aaa  
1,542,675  
   
Fiscal Series 2003D, 5.000%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured  
     
500  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AAA  
542,510  
   
2005B, 5.000%, 3/15/30 (Pre-refunded 3/15/15) – AGM Insured  
     
2,000  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State  
3/13 at 100.00  
AA+ (4)  
2,075,920  
   
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured  
     
85  
 
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 –  
No Opt. Call  
A2 (4)  
89,179  
   
NPFG Insured (ETM)  
     
12,805  
 
Total U.S. Guaranteed  
   
13,313,149  
   
Utilities – 6.5% (4.4% of Total Investments)  
     
540  
 
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured  
10/20 at 100.00  
AA–  
580,171  
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:  
     
2,270  
 
5.000%, 12/01/23 – FGIC Insured  
6/16 at 100.00  
A
2,541,038  
2,930  
 
5.000%, 12/01/25 – FGIC Insured  
6/16 at 100.00  
A
3,260,651  
1,500  
 
5.000%, 12/01/26 – AGC Insured  
6/16 at 100.00  
AA+  
1,666,410  
250  
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,  
6/16 at 100.00  
A
262,550  
   
5.000%, 12/01/35 – CIFG Insured  
     
250  
 
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,  
11/15 at 100.00  
Aa2  
284,830  
   
11/15/19 – FGIC Insured  
     
7,740  
 
Total Utilities  
   
8,595,650  
   
Water and Sewer – 11.5% (7.7% of Total Investments)  
     
2,000  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/19 at 100.00  
AA+  
2,304,500  
   
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27  
     
1,780  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
12/21 at 100.00  
AA+  
1,970,015  
   
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44  
     
1,200  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/16 at 100.00  
AAA  
1,337,592  
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)  
     
3,305  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  
6/14 at 100.00  
AAA  
3,531,822  
   
Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured  
     
1,980  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  
6/15 at 100.00  
AAA  
2,205,898  
   
Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)  
     
1,000  
 
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds  
No Opt. Call  
AAA  
1,132,589  
   
Master Financing, Series 2012B, 5.000%, 2/15/42  
     
2,500  
 
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,  
6/15 at 100.00  
AAA  
2,651,425  
   
6/01/28 – NPFG Insured (UB)  
     
13,765  
 
Total Water and Sewer  
   
15,133,841  
$    224,470  
 
Total Investments (cost $184,757,019) – 149.0%  
   
196,765,980  
   
Floating Rate Obligations – (12.6)%  
   
(16,600,000)  
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (38.4)% (5)  
   
(50,700,000)  
   
Other Assets Less Liabilities – 2.0%  
   
2,619,911  
   
Net Assets Applicable to Common Shares – 100%  
   
$    132,085,891  
 
 
 
 

 
Fair Value Measurements
 
Fair value is defined as the price that the Funds would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of each Fund’s fair value measurements as of the end of the reporting period:
 
                         
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Long-Term Investments:  
                       
Municipal Bonds  
  $     $ 196,765,980     $     $ 196,765,980  
 
During the period ended, June 30, 2012, the Fund recognized no significant transfers to or 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 June 30, 2012, the cost of investments was $168,139,480.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2012, were as follows:
 
       
Gross unrealized:  
     
Appreciation  
  $ 13,837,088  
Depreciation  
    (1,804,997 )  
Net unrealized appreciation (depreciation) of investments  
  $ 12,032,091  
 
     
(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 Investors 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. Certain bonds backed by U.S. Government or  
   
agency securities are regarded as having an implied rating equal to the rating of such securities.  
(5)  
 
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments  
   
is 25.8%  
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 New York Premium Income Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          August 29, 2012        
 
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:          August 29, 2012        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          August 29, 2012        
 

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