nq2.htm



 
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 811-21211
 
Nuveen New York AMT-Free Municipal Income 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:            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 AMT-Free Municipal Income Fund (NRK)
      
   
June 30, 2012
      
           
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 3.1% (2.0% of Total Investments)
      
$      1,375
  
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
6/13 at 100.00
A1
$    1,368,304
   
5.750%, 6/01/33
      
280
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
9/12 at 100.00
BBB+
279,983
   
Series 2002, 5.375%, 5/15/33
      
1,655
  
Total Consumer Staples
    
1,648,287
   
Education and Civic Organizations – 30.9% (20.1% of Total Investments)
      
3,400
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/17 at 100.00
A–
3,696,242
   
Series 2007A, 5.250%, 7/01/32 – NPFG Insured
      
2,000
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Long Island University,
9/12 at 100.00
Baa3
2,003,700
   
Series 2003A, 5.000%, 9/01/32 – RAAI Insured
      
2,000
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of
No Opt. Call
A–
2,319,080
   
Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG 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
      
410
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/16 at 100.00
Aa2
437,458
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
7/17 at 100.00
BBB
1,091,340
   
5.000%, 7/01/25 – FGIC Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, Mount St. Mary College, Series
7/13 at 100.00
A–
1,008,920
   
2003, 5.000%, 7/01/32 – RAAI Insured
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology,
      
   
Series 2006A:
      
100
  
5.250%, 7/01/20 – AMBAC Insured
No Opt. Call
A1
122,358
80
  
5.250%, 7/01/21 – AMBAC Insured
No Opt. Call
A1
98,476
225
  
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate
No Opt. Call
AA+
253,825
   
University, Tender Option Bond Trust 3127, 13.095%, 1/01/14 – AMBAC Insured (IF)
      
300
  
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,
1/19 at 100.00
AA–
336,108
   
Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured
      
495
  
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
3/19 at 100.00
AA–
588,347
   
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:
      
170
  
5.000%, 3/01/31 – FGIC Insured
9/16 at 100.00
BBB
176,365
1,425
  
5.000%, 3/01/36 – NPFG Insured
9/16 at 100.00
BBB
1,465,655
840
  
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
834,145
1,000
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of
7/14 at 100.00
AA
1,072,390
   
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
      
15,445
  
Total Education and Civic Organizations
    
16,552,149
   
Health Care – 21.3% (13.8% of Total Investments)
      
2,000
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,
2/13 at 100.00
BBB
2,016,160
   
Lutheran Medical Center, Series 2003, 5.000%, 8/01/31 – NPFG Insured
      
3,000
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,
8/12 at 100.00
N/R
3,009,690
   
St. Barnabas Hospital, Series 2002A, 5.000%, 2/01/31 – AMBAC Insured
      
335
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson
8/17 at 100.00
AA–
364,701
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
      
1,000
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
2/15 at 100.00
BBB
1,099,860
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
      
255
  
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series
7/17 at 100.00
AA–
272,728
   
2007B, 5.125%, 7/01/37 – AGC Insured
      
760
  
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
8/14 at 100.00
AA–
835,947
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
      
750
  
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities
7/13 at 100.00
Baa1
764,025
   
Hospital, Series 2003B, 5.500%, 7/01/23
      
305
  
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian
8/14 at 100.00
AA–
314,007
   
Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
      
2,640
  
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series
2/13 at 100.00
Aa3
2,704,865
   
2003A, 5.250%, 2/15/21 – AMBAC Insured
      
11,045
  
Total Health Care
    
11,381,983
   
Long-Term Care – 0.6% (0.4% of Total Investments)
      
290
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
314,572
   
Westchester Project, Series 2006, 5.200%, 2/15/41
      
   
Tax Obligation/General – 3.2% (2.1% of Total Investments)
      
1,000
  
Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%,
10/19 at 100.00
AA–
1,110,550
   
10/01/29 – AGC Insured
      
50
  
New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25 –
9/12 at 100.00
AA
50,178
   
NPFG Insured
      
225
  
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –
8/15 at 100.00
AA
254,637
   
AGM Insured
      
250
  
New York City, New York, General Obligation Bonds, Series 2004E, 5.000%, 11/01/19 –
11/14 at 100.00
AA
274,863
   
AGM Insured (UB)
      
1,525
  
Total Tax Obligation/General
    
1,690,228
   
Tax Obligation/Limited – 54.8% (35.6% of Total Investments)
      
2,695
  
Buffalo Fiscal Stability Authority, New York, Sales Tax Revenue State Aid Secured Bonds, Series
No Opt. Call
Aa1
2,711,817
   
2004A, 5.250%, 8/15/12 – NPFG Insured
      
1,000
  
Dormitory Authority of the State of New York, Master Lease Program Revenue Bonds, Nassau
8/19 at 100.00
AA–
1,115,560
   
County Board of Cooperative Educational Services, Series 2009A, 5.000%, 8/15/28 – AGC Insured
      
3,000
  
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,
10/12 at 100.00
A+
3,034,230
   
Series 2002D, 5.250%, 10/01/23 – NPFG Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,
10/19 at 100.00
AA–
1,152,360
   
Series 2009A, 5.625%, 10/01/29 – AGC Insured
      
340
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/18 at 100.00
AA–
395,957
   
City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)
      
1,085
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/17 at 100.00
AA–
1,261,117
   
City School District Project, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
      
1,400
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
1,610,826
   
2011A, 5.750%, 2/15/47
      
2,055
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,
2/17 at 100.00
A
2,148,441
   
2/15/47 – FGIC Insured
      
560
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
1/13 at 102.00
BBB
564,250
   
5.500%, 1/01/34
      
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
      
   
Government Assistance Corporation, Series 2004A:
      
610
  
5.000%, 10/15/25 – NPFG Insured (UB)
10/14 at 100.00
AAA
662,948
555
  
5.000%, 10/15/26 – NPFG Insured (UB)
10/14 at 100.00
AAA
602,380
740
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series
1/17 at 100.00
AA–
808,184
   
2007S-2, 5.000%, 1/15/28 – FGIC Insured
      
3,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
2/22 at 100.00
AAA
3,352,140
   
Series E-1, 5.000%, 2/01/42
      
1,000
  
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%,
4/21 at 100.00
AA+
1,182,840
   
4/01/33 – AGM Insured
      
280
  
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option
11/15 at 100.00
AA+
320,726
   
Bonds Trust 3095, 13.079%, 11/15/44 – AMBAC Insured (IF)
      
1,290
  
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
1/13 at 100.00
AAA
1,318,238
   
Series 2002A, 5.000%, 1/01/23 – FGIC Insured
      
950
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
No Opt. Call
AA
1,203,973
   
2005B, 5.500%, 4/01/20 – AMBAC Insured
      
1,200
  
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
6/13 at 100.00
AA–
1,252,968
   
State Contingency Contract-Backed Bonds, Series 2003A-1, 5.250%, 6/01/20 – AMBAC Insured
      
750
  
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
6/13 at 100.00
AA–
784,830
   
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
      
295
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/20 at 100.00
AA–
315,314
   
2010C, 5.125%, 8/01/42 – AGM Insured
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
      
3,500
  
0.000%, 8/01/41 – NPFG Insured
No Opt. Call
AA–
677,425
1,550
  
0.000%, 8/01/45 – NPFG Insured
No Opt. Call
AA–
232,826
12,040
  
0.000%, 8/01/46 – NPFG Insured
No Opt. Call
AA–
1,697,158
6,925
  
0.000%, 8/01/47 – AMBAC Insured
No Opt. Call
AA–
914,100
47,820
  
Total Tax Obligation/Limited
    
29,320,608
   
Transportation – 14.6% (9.5% of Total Investments)
      
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
      
100
  
4.750%, 11/15/27 – NPFG Insured
11/15 at 100.00
AA–
110,389
500
  
4.750%, 11/15/30 – AMBAC Insured
11/15 at 100.00
A
519,810
1,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series
11/12 at 100.00
A
1,014,640
   
2002A, 5.000%, 11/15/25 – FGIC Insured
      
355
  
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
11/21 at 100.00
A+
383,528
   
Series 2011, 5.000%, 11/15/44
      
140
  
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,
1/18 at 100.00
A+
158,784
   
1/01/25 – FGIC Insured
      
1,875
  
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –
1/15 at 100.00
A+
2,058,900
   
AMBAC Insured
      
3,000
  
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/32 –
7/15 at 100.00
AA–
3,308,370
   
AGM Insured
      
170
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
8/17 at 100.00
Aa2
232,988
   
Eighth Series 2008, Trust 2920, 17.352%, 8/15/32 – AGM Insured (IF)
      
7,140
  
Total Transportation
    
7,787,409
   
U.S. Guaranteed – 11.6% (7.5% of Total Investments) (4)
      
1,185
  
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds,
2/13 at 102.00
Aaa
1,243,148
   
Shorefront Jewish Geriatric Center Inc., Series 2002, 5.200%, 2/01/32 (Pre-refunded 2/01/13)
      
25
  
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer
7/13 at 100.00
Aa2 (4)
26,198
   
Center, Series 2003-1, 5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured
      
500
  
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
5/13 at 100.00
Aaa
521,655
   
Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)
      
55
  
Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 –
No Opt. Call
N/R (4)
59,654
   
AMBAC Insured (ETM)
      
2,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds,
2/13 at 100.00
Aaa
2,056,900
   
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, State
3/13 at 100.00
AA+ (4)
518,980
   
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured
      
1,750
  
Power Authority of the State of New York, General Revenue Bonds, Series 2002A, 5.000%,
11/12 at 100.00
Aa2 (4)
1,782,077
   
11/15/20 (Pre-refunded 11/15/12)
      
6,015
  
Total U.S. Guaranteed
    
6,208,612
   
Utilities – 6.7% (4.4% of Total Investments)
      
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
      
1,130
  
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
A
1,264,922
870
  
5.000%, 12/01/25 – FGIC Insured
6/16 at 100.00
A
968,180
1,000
  
5.000%, 12/01/26 – AGC Insured
6/16 at 100.00
AA+
1,110,940
125
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
6/16 at 100.00
A
131,275
   
5.000%, 12/01/35 – CIFG Insured
      
110
  
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,
11/15 at 100.00
Aa2
125,324
   
11/15/19 – FGIC Insured
      
3,235
  
Total Utilities
    
3,600,641
   
Water and Sewer – 7.0% (4.6% of Total Investments)
      
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
      
495
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
6/16 at 100.00
AAA
551,757
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
      
1,095
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
No Opt. Call
AAA
1,240,185
   
Master Financing, Series 2012B, 5.000%, 2/15/42
      
3,370
  
Total Water and Sewer
    
3,761,957
$    97,540
  
Total Investments (cost $78,197,984) – 153.8%
    
82,266,446
   
Floating Rate Obligations – (4.5)%
    
(2,390,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (51.7)% (5)
    
(27,680,000)
   
Other Assets Less Liabilities – 2.4%
    
1,299,824
   
Net Assets Applicable to Common Shares – 100%
    
$    53,496,270
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund 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 the 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
 $ —     $ 82,266,446     $ —     $ 82,266,446  
 
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 $75,771,621
 
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2012, were as follows:
     
Gross unrealized:
    
   Appreciation
 $ 4,811,250  
   Depreciation
   (709,773 )
Net unrealized appreciation (depreciation) of investments
 $ 4,101,477  
 
     
(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)
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 33.6%.
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 AMT-Free Municipal Income Fund 
 
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