Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-09473         

        Nuveen Insured New York Dividend Advantage Municipal Fund         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)


Kevin J. McCarthy Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            09/30          

Date of reporting period:         12/31/07         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)             
    Nuveen Insured New York Dividend Advantage Municipal Fund (NKO)             
    December 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 3.5% (2.3% of Total Investments)             
$         2,390    New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,    6/11 at 101.00    BBB   $   2,348,677 
     5.250%, 6/01/25             
1,000    New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,    6/13 at 100.00    BBB    1,007,520 
     5.750%, 6/01/33             
835    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    819,077 
     Series 2002, 5.375%, 5/15/33             
4,225    Total Consumer Staples            4,175,274 
    Education and Civic Organizations – 18.5% (12.0% of Total Investments)             
4,000    Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of    No Opt. Call    AAA    4,342,440 
     Medicine, Series 1994A, 5.150%, 7/01/24 – MBIA Insured             
1,280    Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College,    7/08 at 101.00    AAA    1,302,938 
     Series 1998, 5.000%, 7/01/21 – MBIA Insured             
1,000    Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    No Opt. Call    AAA    1,074,180 
     Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – XLCA Insured             
240    Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,    7/17 at 100.00    AAA    249,288 
     5.000%, 7/01/37 – FGIC Insured             
500    Dormitory Authority of the State of New York, Revenue Bonds, City University of New York,    No Opt. Call    AAA    567,235 
     Series 2005A, 5.500%, 7/01/18 – FGIC Insured             
3,250    Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series    No Opt. Call    AAA    3,868,995 
     1998A, 6.000%, 7/01/18 – MBIA Insured             
1,440    Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate    7/15 at 100.00    AAA    1,485,216 
     University, Series 2005A, 5.000%, 7/01/40 – AMBAC Insured             
600    New York City Industrial Development Agency, New York, PILOT Revenue Bonds Yankee Stadium    9/16 at 100.00    AAA    638,022 
     Project, Residual Series 07-1032, 6.970%, 3/01/39 – FGIC Insured (IF)             
    New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball             
    Stadium Project, Series 2006:             
1,000     5.000%, 1/01/36 – AMBAC Insured    1/17 at 100.00    AAA    1,027,350 
1,060     5.000%, 1/01/46 – AMBAC Insured    1/17 at 100.00    AAA    1,082,726 
1,070    New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Pilots,    9/16 at 100.00    AAA    1,154,958 
     Trust 2148, 7.652%, 3/01/36 – MBIA Insured (IF)             
395    New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium    9/16 at 100.00    AAA    407,162 
     Project, Series 2006, 5.000%, 3/01/31 – FGIC Insured             
4,000    New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of Modern Art,    7/12 at 100.00    AAA    4,150,960 
     Series 2001D, 5.125%, 7/01/31 – AMBAC Insured             
330    New York Industrial Development Agency, Revenue Bonds, Yankee Stadium, Series 2006, Residuals    9/16 at 100.00    AAA    350,529 
     1875, 7.370%, 3/01/46 – FGIC Insured (IF)             
330    New York State Dormitory Authority, Revenue Bonds, New York University, Series 2007, 5.000%,    7/17 at 100.00    Aaa    344,847 
     7/01/32 – AMBAC Insured             
20,495    Total Education and Civic Organizations            22,046,846 
    Health Care – 24.1% (15.7% of Total Investments)             
2,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, New    2/08 at 101.00    AAA    2,007,600 
     York and Presbyterian Hospital, Series 1998, 4.750%, 8/01/27 – AMBAC Insured             
1,400    Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.    8/12 at 100.00    AAA    1,469,314 
     Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured             
785    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson    8/17 at 100.00    AAA    818,143 
     Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – FSA Insured             
9,800    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, New York    8/09 at 101.00    AAA    10,184,060 
     Hospital Medical Center of Queens, Series 1999, 5.600%, 2/15/39 – AMBAC Insured             
1,500    Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical    2/15 at 100.00    AAA    1,570,470 
     Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured             
2,050    Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services    7/09 at 101.00    AAA    2,127,347 
     of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/22 –             
     MBIA Insured             
170    Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long    7/09 at 101.00    AAA    176,363 
     Island Obligated Group – St. Charles Hospital and Rehabilitation Center, Series 1999A, 5.500%,             
     7/01/22 – MBIA Insured             
585    Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series    7/17 at 100.00    AAA    615,151 
     2007B, 5.250%, 7/01/27 – AGC Insured             
1,725    Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer    7/13 at 100.00    AAA    1,828,190 
     Center, Series 2003-1, 5.000%, 7/01/21 – MBIA Insured             
910    Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian    8/14 at 100.00    AAA    994,539 
     Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured             
600    Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities    7/13 at 100.00    Baa1    611,814 
     Hospital, Series 2003B, 5.500%, 7/01/23             
700    Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian    8/14 at 100.00    AAA    716,394 
     Hospital Project, Series 2007, 5.000%, 8/15/36 – FSA Insured             
690    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/12 at 100.00    AAA    742,240 
     2002A, 5.500%, 2/15/17 – FSA Insured             
    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,             
    Series 2003A:             
1,500     5.250%, 2/15/21 – AMBAC Insured    2/13 at 100.00    AAA    1,593,855 
1,000     5.250%, 2/15/22 – AMBAC Insured    2/13 at 100.00    AAA    1,062,570 
395    New York State Dormitory Authority, Revenue Bonds, North Shore Jewish Obligated Group, Series    No Opt. Call    AAA    438,952 
     2007A, 5.250%, 7/01/34 – FGIC Insured             
    Suffolk County Industrial Development Agency, New York, Revenue Bonds, Huntington Hospital,             
    Series 2002C:             
725     6.000%, 11/01/22    11/12 at 100.00    Baa1    754,624 
1,045     5.875%, 11/01/32    11/12 at 100.00    Baa1    1,063,779 
27,580    Total Health Care            28,775,405 
    Housing/Multifamily – 3.6% (2.3% of Total Investments)             
    New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,             
    Series 2002A:             
2,725     5.375%, 11/01/23 (Alternative Minimum Tax)    5/12 at 100.00    AA    2,764,077 
1,375     5.500%, 11/01/34 (Alternative Minimum Tax)    5/12 at 100.00    AA    1,385,684 
180    New York City, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A,    1/17 at 100.00    AAA    164,264 
     4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)             
4,280    Total Housing/Multifamily            4,314,025 
    Industrials – 1.0% (0.7% of Total Investments)             
1,225    Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel    1/17 at 100.00    AAA    1,201,468 
     Center Project, Series 2007A, 5.000%, 1/01/36 – XLCA Insured (Alternative Minimum Tax)             
    Long-Term Care – 2.7% (1.7% of Total Investments)             
525    Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of    2/17 at 103.00    AA    552,347 
     Westchester Project, Series 2006, 5.200%, 2/15/41             
    Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Willow Towers             
    Inc., Series 2002:             
1,000     5.250%, 2/01/22    8/12 at 101.00    AAA    1,052,660 
1,500     5.400%, 2/01/34    8/12 at 101.00    AAA    1,570,830 
3,025    Total Long-Term Care            3,175,837 
    Tax Obligation/General – 14.5% (9.4% of Total Investments)             
    Buffalo, New York, General Obligation Bonds, Series 2002B:             
1,490     5.375%, 11/15/18 – MBIA Insured    11/12 at 100.00    AAA    1,610,273 
2,375     5.375%, 11/15/20 – MBIA Insured    11/12 at 100.00    AAA    2,566,710 
1,240    Canandaigua City School District, Ontario County, New York, General Obligation Refunding    4/12 at 101.00    Aaa    1,341,705 
     Bonds, Series 2002A, 5.375%, 4/01/17 – FSA Insured             
4,760    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A,    2/17 at 100.00    AAA    4,869,670 
     5.000%, 2/15/47 – FGIC Insured (UB)             
3,000    New York City, New York, General Obligation Bonds, Fiscal Series 2001H, 5.250%, 3/15/16 –    3/11 at 101.00    AAA    3,201,540 
     FGIC Insured             
80    New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 –    3/12 at 100.00    AAA    84,079 
     FSA Insured             
    New York City, New York, General Obligation Bonds, Fiscal Series 2004E:             
1,700     5.000%, 11/01/19 – FSA Insured    11/14 at 100.00    AAA    1,824,525 
1,100     5.000%, 11/01/20 – FSA Insured    11/14 at 100.00    AAA    1,174,426 
525    New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –    8/15 at 100.00    AAA    572,765 
     FSA Insured             
16,270    Total Tax Obligation/General            17,245,693 
    Tax Obligation/Limited – 43.3% (28.2% of Total Investments)             
250    Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,    7/08 at 101.00    AAA    254,838 
     Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured             
220    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    8/09 at 101.00    AAA    227,245 
     Services Facilities, Series 1999D, 5.250%, 2/15/29 – FSA Insured             
300    Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities    2/15 at 100.00    AAA    308,763 
     Improvements, Series 2005B, 5.000%, 2/15/30 – AMBAC Insured             
3,000    Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing    10/12 at 100.00    AAA    3,196,650 
     Program, Series 2002D, 5.250%, 10/01/23 – MBIA Insured             
160    Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series    3/15 at 100.00    AAA    169,571 
     2005F, 5.000%, 3/15/21 – FSA Insured             
400    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo    5/12 at 100.00    AAA    435,288 
     City School District, Series 2003, 5.750%, 5/01/20 – FSA Insured             
2,485    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo    5/17 at 100.00    AAA    2,807,379 
     City School District Project, Series 2007A, 5.750%, 5/01/28 – FSA Insured (UB)             
2,290    Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A,    11/12 at 100.00    AAA    2,430,034 
     5.250%, 11/15/25 – FSA Insured             
1,615    Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2006,    11/16 at 100.00    AAA    1,688,483 
     5.000%, 11/15/31 – MBIA Insured             
4,000    Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,    7/12 at 100.00    AAA    4,150,240 
     Series 2002A, 5.000%, 7/01/25 – FGIC Insured             
1,000    Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series    11/13 at 100.00    AAA    1,064,480 
     2003A, 5.000%, 11/15/18 – AMBAC Insured             
    New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local             
    Government Assistance Corporation, Series 2004A:             
3,400     5.000%, 10/15/25 – MBIA Insured    10/14 at 100.00    AAA    3,570,272 
1,040     5.000%, 10/15/26 – MBIA Insured    10/14 at 100.00    AAA    1,089,577 
2,500    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal    1/17 at 100.00    AAA    2,611,775 
     Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured             
5,000    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    11/11 at 101.00    AAA    5,388,499 
     Series 2002B, 5.250%, 5/01/16 – MBIA Insured             
890    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    8/12 at 100.00    AAA    952,870 
     Series 2003C, 5.250%, 8/01/21 – AMBAC Insured             
500    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    2/14 at 100.00    AAA    532,300 
     Series 2004C, 5.000%, 2/01/19 – XLCA Insured             
    New York Convention Center Development Corporation, Hotel Unit Fee Revenue Bonds, Series 2005:             
500     5.000%, 11/15/30 – AMBAC Insured    11/15 at 100.00    AAA    516,895 
2,930     5.000%, 11/15/44 – AMBAC Insured    11/15 at 100.00    AAA    3,001,668 
    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,             
    Series 2005B:             
2,625     5.500%, 4/01/20 – AMBAC Insured    No Opt. Call    AAA    3,015,574 
500     5.000%, 4/01/21 – AMBAC Insured    10/15 at 100.00    AAA    532,080 
    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and             
    State Contingency Contract-Backed Bonds, Series 2003A-1:             
1,900     5.250%, 6/01/20 – AMBAC Insured    6/13 at 100.00    AAA    2,023,614 
1,000     5.250%, 6/01/22 – AMBAC Insured    6/13 at 100.00    AAA    1,062,050 
750    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AA–    802,583 
     State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
8,600    New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities,    No Opt. Call    AAA    9,851,557 
     Series 1995, 5.700%, 4/01/20 – FSA Insured             
47,855    Total Tax Obligation/Limited            51,684,285 
    Transportation – 13.1% (8.5% of Total Investments)             
    Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,             
    Series 2002A:             
2,000     5.125%, 11/15/22 – FGIC Insured    11/12 at 100.00    AAA    2,116,760 
4,000     5.000%, 11/15/25 – FGIC Insured    11/12 at 100.00    AAA    4,152,320 
    New York State Thruway Authority, General Revenue Bonds, Series 2005F:             
865     5.000%, 1/01/20 – AMBAC Insured    1/15 at 100.00    AAA    922,419 
140     5.000%, 1/01/30 – AMBAC Insured    1/15 at 100.00    AAA    145,142 
350    New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –    7/15 at 100.00    AAA    365,222 
     FSA Insured             
315    New York State Thruway Authority, General Revenue Bonds, Series 2007H, 5.000%, 1/01/25 –    1/18 at 100.00    AAA    333,163 
     FGIC Insured             
85    Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara    4/09 at 101.00    AAA    87,256 
     International Airport, Series 1999A, 5.625%, 4/01/29 – MBIA Insured (Alternative Minimum Tax)             
    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth             
    Series 2005:             
500     5.000%, 12/01/19 – FSA Insured    6/15 at 101.00    AAA    537,860 
1,000     5.000%, 12/01/28 – XLCA Insured    6/15 at 101.00    AAA    1,041,920 
345     5.000%, 12/01/31 – XLCA Insured    6/15 at 101.00    AAA    358,783 
4,000    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred    8/08 at 101.00    AAA    4,076,480 
     Twenty-Fourth Series 2001, 5.000%, 8/01/11 – FGIC Insured (Alternative Minimum Tax)             
515    Port Authority of New York and New Jersey, One Hundred and Forty Eighth Consolidated Revenue    8/17 at 100.00    AAA    591,091 
     Bonds, RITES Trust 1516, 7.411%, 8/15/32 – FSA Insured (IF)             
780    Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue    No Opt. Call    AAA    901,469 
     Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – MBIA Insured             
14,895    Total Transportation            15,629,885 
    U.S. Guaranteed – 14.2% (9.2% of Total Investments) (4)             
160    Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk    No Opt. Call    AAA    189,486 
     County Issue, Series 1986, 7.375%, 7/01/16 (ETM)             
2,715    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,    9/11 at 100.00    AAA    2,918,163 
     5.250%, 9/01/28 (Pre-refunded 9/01/11) – FSA Insured             
110    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    8/12 at 100.00    Aaa    119,613 
     Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured             
3,170    New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25    3/12 at 100.00    Aaa    3,410,128 
     (Pre-refunded 3/15/12) – FSA Insured             
760    New York State Housing Finance Agency, Construction Fund Bonds, State University, Series    No Opt. Call    AAA    825,170 
     1986A, 8.000%, 5/01/11 (ETM)             
5,000    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2000HH, 5.250%, 7/01/29    7/10 at 101.00    AAA    5,308,599 
     (Pre-refunded 7/01/10) – FSA Insured             
2,575    Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,    10/10 at 101.00    AAA    2,717,217 
     5.500%, 10/01/40             
1,375    TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24    7/12 at 100.00    AAA    1,480,971 
     (Pre-refunded 7/15/12)             
15,865    Total U.S. Guaranteed            16,969,347 
    Utilities – 12.4% (8.1% of Total Investments)             
5,000    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,    9/11 at 100.00    AAA    5,174,699 
     5.000%, 9/01/27 – FSA Insured             
    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:             
1,700     5.000%, 12/01/23 – FGIC Insured    6/16 at 100.00    AAA    1,799,858 
1,300     5.000%, 12/01/25 – FGIC Insured    6/16 at 100.00    AAA    1,367,873 
250    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,    6/16 at 100.00    AAA    258,935 
     5.000%, 12/01/35 – CIFG Insured             
5,000    New York State Energy Research and Development Authority, Pollution Control Revenue Refunding    11/08 at 102.00    AAA    5,156,950 
     Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured             
1,090    Westchester County Industrial Development Agency, Westchester County, New York, Resource    7/08 at 100.00    BBB    1,097,608 
     Recovery Revenue Bonds, RESCO Company, Series 1996, 5.500%, 7/01/09 (Alternative Minimum Tax)             
14,340    Total Utilities            14,855,923 
    Water and Sewer – 3.0% (1.9% of Total Investments)             
1,140    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/16 at 100.00    AAA    1,184,984 
     Bonds, Series 2006B, 5.000%, 6/15/36 – MBIA Insured             
2,295    Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,    6/15 at 100.00    AAA    2,390,839 
     6/01/28 – MBIA Insured             
3,435    Total Water and Sewer        3,575,823 
$       173,490    Total Investments (cost $177,166,047) – 153.9%        183,649,811 
    Floating Rate Obligations – (4.0)%        (4,830,000) 
    Other Assets Less Liabilities – 1.3%        1,525,408 
    Preferred Shares, at Liquidation Value – (51.2)%        (61,000,000) 
    Net Assets Applicable to Common Shares – 100%           $  119,345,219 

    At least 80% of the Fund’s net assets (including net assets attributable to Preferred shares) are invested in 
    municipal securities that are either covered by Original Issue Insurance, Secondary Market Insurance or 
    Portfolio Insurance which ensures the timely payment of principal and interest. Up to 20% of the Fund’s 
    net assets (including net assets attributable to Preferred shares) may be invested in municipal securities 
    that are (i) either backed by an escrow or trust containing sufficient U.S. Government or U.S. Government 
    agency securities (also ensuring the timely payment of principal and interest), or (ii) rated, at the time of 
    investment, within the four highest grades (Baa or BBB or better by Moody’s, Standard & Poor’s or Fitch) 
    or unrated but judged to be of comparable quality by the Adviser. 
(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 higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, 
    Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be 
    below investment grade. 
    The AAA ratings shown in the Portfolio of Investments reflect the AAA ratings on certain bonds insured by 
    AMBAC, FGIC, XCLA or MBIA and/or the A ratings on certain bonds insured by ACA as of December 31, 2007. 
    During December 2007, at least one rating agency reduced the rating for ACA bonds to CCC. Subsequent to 
    December 31, 2007, at least one rating agency reduced the rating for AMBAC-insured bonds to AA, the rating 
    for XCLA-insured bonds to A and the rating for FGIC-insured bonds to A3. One or more rating agencies have 
    placed each of these insurers on “negative credit watch”, which may presage one or more rating reductions 
    for such insurer or insurers in the future. If one or more insurers’ ratings are reduced below AAA (or A in the 
    case of ACA) by these rating agencies, it would likely reduce the effective rating of many of the bonds insured 
    by that insurer or insurers. 
(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. 
(ETM)    Escrowed to maturity. 
(IF)    Inverse floating rate investment. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

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 the treatment of paydown gains and losses, 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 transactions subject to SFAS No.140. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At December 31, 2007, the cost of investments was $172,277,750.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2007, were as follows:

Gross unrealized:     
  Appreciation    $6,748,008 
  Depreciation    (204,500) 
Net unrealized appreciation (depreciation) of investments    $6,543,508 

Item 2. Controls and Procedures.

  1. 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)).
  2. 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: EX-99 CERT Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Insured New York Dividend Advantage Municipal Fund         

By (Signature and Title)*          /s/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date         February 29, 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 (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date         February 29, 2008        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date        February 29, 2008        

* Print the name and title of each signing officer under his or her signature.