Schedule of Investments  (unaudited) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds — 143.8%
New York — 139.2%
Corporate — 6.2%
Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 01/01/35(a)	$	140	$	152,660
City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT:
5.00%, 07/01/22		350		382,449
5.00%, 07/01/28		330		356,159
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35		1,475		1,941,764
New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%, 08/01/31		920		967,288
Niagara Area Development Corp., Refunding RB, Covanta Project, Series A, AMT, 4.75%, 11/01/42(a)		940		969,450
				4,769,770
County/City/Special District/School District — 35.7%
City of New York, GO, Refunding, Series E:
5.00%, 08/01/30		500		558,655
5.50%, 08/01/25		815		946,973
City of New York, GO, Sub-Series D-1, Fiscal 2014, 5.00%, 08/01/31		690		781,439
City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B (AGM), 0.00%, 11/15/55(b)		1,000		284,990
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured:
5.00%, 11/15/40		1,445		1,683,945
5.00%, 11/15/45		2,340		2,708,316
City of New York Industrial Development Agency, RB, PILOT:
(AMBAC), 5.00%, 01/01/39		500		508,390
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/35(b)		500		310,840
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/42(b)		1,750		799,015
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/45(b)		500		201,270
Queens Baseball Stadium (AGC), 6.38%, 01/01/39		100		100,348

Security	Par (000)		Value
County/City/Special District/School District (continued)
Queens Baseball Stadium (AMBAC), 5.00%, 01/01/46	$	400	$	406,052
Yankee Stadium Project (NPFGC), 4.75%, 03/01/46		400		400,476
Yankee Stadium Project (NPFGC), 5.00%, 03/01/46		500		502,580
City of New York Transitional Finance Authority Future Tax Secured, RB:
Fiscal 2012, Sub-Series D-1, 5.00%, 11/01/38		825		888,682
Fiscal 2014, Sub-Series B-1, 5.00%, 11/01/36		340		388,555
Future Tax Secured Subordinate Bond, Series C-3, 5.00%, 05/01/41		1,315		1,585,259
Future Tax Secured, Sub-Series A-3, 4.00%, 08/01/43		465		510,328
Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/39		460		544,953
Future Tax Secured, Sub-Series E-1, 5.00%, 02/01/43		1,030		1,212,516
Series A-2, 5.00%, 08/01/38		195		233,571
City of Syracuse New York, GO, Airport Terminal Security & Access, Series A, AMT (AGM), 4.75%, 11/01/31		500		531,635
County of Nassau New York, GOL, General Improvement Bonds, Series B (AGM), 5.00%, 07/01/45		500		597,800
Haverstraw-Stony Point Central School District, GO, Refunding, (AGM), 5.00%, 10/15/36		120		135,433
Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012:
5.75%, 02/15/21(c)		960		1,031,290
5.75%, 02/15/47		590		629,831
Hudson Yards Infrastructure Corp., Refunding RB, Series A:
5.00%, 02/15/39		475		564,547
5.00%, 02/15/42		565		667,813
New York Liberty Development Corp., Refunding RB:
2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2, 5.63%, 07/15/47		1,400		1,434,958
2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 07/15/49		500		514,610
3 World Trade Center Project, Class 1, 5.00%, 11/15/44(a)		735		802,943

1

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
County/City/Special District/School District (continued)
3 World Trade Center Project, Class 2, 5.38%, 11/15/40(a)	$	200	$	222,746
4 World Trade Center Project, 5.00%, 11/15/31		1,000		1,082,530
4 World Trade Center Project, 5.00%, 11/15/44		1,250		1,340,550
7 World Trade Center Project, Class 2, 5.00%, 09/15/43		1,000		1,080,620
7 World Trade Center Project, Class 3, 5.00%, 03/15/44		690		745,152
World Trade Center Project, 5.75%, 11/15/51		670		736,055
				27,675,666
Education — 23.6%
Amherst Development Corp., Refunding RB:
Daemen College Project, 5.00%, 10/01/43		155		174,011
Daemen College Project, 5.00%, 10/01/48		120		134,210
University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%, 10/01/20(c)		275		286,932
Build NYC Resource Corp., RB(a):
Inwood Academy for Leadership Charter School Project, Series A, 5.50%, 05/01/48		270		287,788
New Dawn Charter School Project, 5.75%, 02/01/49		255		264,823
Build NYC Resource Corp., Refunding RB, City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 06/01/38		250		284,205
City of New York Trust for Cultural Resources, Refunding RB, Series A:
American Museum of Natural History, 5.00%, 07/01/37		440		505,767
Carnegie Hall, 4.75%, 12/01/39		700		709,863
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project:
Series A, 5.13%, 09/01/40		1,000		1,039,890
Series B, 4.00%, 08/01/35		190		204,223

Security	Par (000)		Value
Education (continued)
City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project, Series A, 6.00%, 06/01/19(c)	$	500	$	500,000
Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Series A:
Buffalo State College Foundation Housing Corp. Project, 5.38%, 10/01/41		280		298,620
The Charter School for Applied Technologies Project, 5.00%, 06/01/35		100		109,464
County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 05/01/39		125		137,234
County of Dutchess New York Local Development Corp., RB, Marist College Project:
5.00%, 07/01/43		95		113,564
5.00%, 07/01/48		145		172,527
County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project:
5.00%, 07/01/42		165		195,218
4.00%, 07/01/46		310		335,271
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A, 5.00%, 07/01/21(c)		1,000		1,076,140
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%, 07/01/23(c)		240		275,438
County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A, 4.75%, 03/01/20(c)		350		358,613
County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project:
6.00%, 09/01/34		150		162,665
5.38%, 09/01/41		650		692,497
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 01/01/21(c)		450		478,926

2

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Education (continued)
Geneva Development Corp., Refunding RB, Hobart & William Smith Colleges, 5.25%, 09/01/44	$	400	$	452,396
State of New York Dormitory Authority, RB:
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40		500		538,045
Fordham University, Series A, 5.50%, 07/01/21(c)		150		162,951
State University Dormitory Facilities, Series A, 5.00%, 07/01/19(c)		250		250,685
State University Dormitory Facilities, Series A, 5.00%, 07/01/41		670		714,394
Touro College & University System, Series A, 5.25%, 01/01/34		1,200		1,335,156
University of Rochester, Series A, 5.13%, 07/01/19(c)		215		215,608
University of Rochester, Series A, 5.13%, 07/01/39		35		35,091
State of New York Dormitory Authority, Refunding RB:
Brooklyn Law School, 5.75%, 07/01/33		250		250,815
Fordham University, 5.00%, 07/01/44		640		717,088
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35		685		788,134
New York University, Series A, 5.00%, 07/01/37		600		659,136
Skidmore College, Series A, 5.25%, 07/01/29		200		214,456
Skidmore College, Series A, 5.25%, 07/01/31		300		321,492
State University Dormitory Facilities, Series A, 5.25%, 07/01/30		1,220		1,391,203
State University Dormitory Facilities, Series A, 5.25%, 07/01/32		700		796,866
Town of Hempstead New York Local Development Corp., Refunding RB:
Adelphi University Project, 5.00%, 10/01/35		210		239,866
Hofstra University Project, 4.00%, 07/01/37		220		239,848

Security	Par (000)		Value
Education (continued)
Hofstra University Project, 5.00%, 07/01/47	$	100	$	117,085
				18,238,204
Health — 13.0%
County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A, 5.75%, 07/01/40		300		314,364
County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center Project, 5.00%, 12/01/27		190		190,283
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project:
4.00%, 12/01/41		200		209,870
5.00%, 12/01/46		320		365,699
Series A, 5.00%, 12/01/32		180		196,218
Series A, 5.00%, 12/01/37		250		270,863
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%, 08/15/40		1,425		1,515,017
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32		150		166,716
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien:
Remarketing, Series A, 5.00%, 11/01/30		895		949,980
Series B, 6.00%, 11/01/20(c)		130		138,384
Series B, 6.00%, 11/01/30		20		21,212
County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project, 5.00%, 01/01/34		500		532,150
State of New York Dormitory Authority, RB, Series A(c):
New York State Association for Retarded Children, Inc., 6.00%, 07/01/19		250		250,860
New York University Hospitals Center, 5.75%, 07/01/20		425		445,073

3

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health (continued)
State of New York Dormitory Authority, Refunding RB:
Catholic Health Syatem Obligation, 4.00%, 07/01/38	$	190	$	206,218
Catholic Health Syatem Obligation, 4.00%, 07/01/39		250		270,600
Miriam Osborn Memorial Home Association, 5.00%, 07/01/29		130		130,351
Mount Sinai Hospital, Series A, 5.00%, 07/01/26		500		517,930
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(c)		1,750		1,870,942
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/43		860		971,327
North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 05/01/33		500		501,310
				10,035,367
Housing — 6.1%
City of New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program, Series B1:
5.25%, 07/01/32		915		1,019,831
5.00%, 07/01/33		400		441,124
City of New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%, 02/15/48		500		523,865
County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation Project, 5.00%, 05/01/40		265		307,318
State of New York HFA, RB:
Affordable Housing, Series E (SONYMA), 4.15%, 11/01/47		660		700,141
M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 02/15/39		940		944,164

Security	Par (000)		Value
Housing (continued)
State of New York Mortgage Agency, Refunding RB, S/F, Series 213, 4.20%, 10/01/43	$	715	$	770,992
				4,707,435
State — 13.5%
City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, Series S-3, 4.00%, 07/15/38		2,195		2,436,757
State of New York, GO, Series A, 5.00%, 02/15/39		500		501,320
State of New York Dormitory Authority, RB:
General Purpose, Series B, 5.00%, 03/15/37		1,070		1,163,839
General Purpose, Series C, 5.00%, 03/15/34		1,000		1,056,760
Group B, State Sales Tax, Series A, 5.00%, 03/15/39		250		298,133
Group C, State Sales Tax, Series A, 4.00%, 03/15/45		555		607,076
Series A, 5.00%, 03/15/36		545		650,888
Series A, 5.00%, 02/15/42		250		293,688
Series B, 5.00%, 03/15/42		1,000		1,083,030
State of New York Dormitory Authority, Refunding RB:
Group 3, Series E, 5.00%, 03/15/41		470		572,483
Series A, 5.25%, 03/15/39		1,015		1,264,436
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 03/15/30		500		562,360
				10,490,770
Tobacco — 3.7%
Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a)		400		409,604
Counties of New York Tobacco Trust VI, Refunding RB:
Settlement Pass-Through Turbo, Series C, 4.00%, 06/01/51		750		669,247
Tobacco Settlement Pass-Through, Series A-2B, 5.00%, 06/01/51		600		617,100

4

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Tobacco (continued)
County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 4.75%, 06/01/39	$	250	$	252,433
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 05/15/40		230		244,161
Westchester New York Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C:
4.00%, 06/01/42		285		281,201
5.13%, 06/01/51		355		365,668
				2,839,414
Transportation — 23.9%
Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%, 01/01/47		215		249,637
Metropolitan Transportation Authority, RB:
Series A-1, 5.25%, 11/15/23(c)		270		316,321
Series E, 5.00%, 11/15/38		1,000		1,111,560
Metropolitan Transportation Authority, Refunding RB:
Dedicated Tax Fund, Sub-Series B-1, 5.00%, 11/15/31		750		853,500
Green Bonds, Climate Bond Certified, Sub-Series B-2, 4.00%, 11/15/34		500		558,850
Green Bonds, Series A-1, 5.25%, 11/15/56		250		289,893
Series C-1, 5.00%, 11/15/36		840		995,190
Series F, 5.00%, 11/15/30		1,500		1,656,345
Series F, 5.00%, 11/15/35		500		583,290
Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%, 11/15/56		1,120		1,231,989
New York Liberty Development Corp., RB, World Trade Center Port Authority Consolidated, 5.25%, 12/15/43		500		545,395
New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT:
5.00%, 07/01/46		2,480		2,722,618
5.25%, 01/01/50		165		182,800

Security	Par (000)		Value
Transportation (continued)
(AGM), 4.00%, 07/01/41	$	300	$	314,967
Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42		1,000		1,058,700
Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT:
177th Series, 4.00%, 01/15/43		480		502,560
178th Series, 5.00%, 12/01/43		430		478,590
State of New York Thruway Authority, Refunding RB, General:
Series I, 5.00%, 01/01/37		1,530		1,648,881
Series I, 5.00%, 01/01/42		1,030		1,108,125
Series J, 5.00%, 01/01/41		500		562,130
Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40		240		280,942
Triborough Bridge & Tunnel Authority, Refunding RB:
General, Series A, 5.25%, 11/15/45		370		432,941
General, Series A, 5.00%, 11/15/50		500		573,315
Series B, 5.00%, 11/15/38		210		252,086
				18,510,625
Utilities — 13.5%
City of New York Municipal Water Finance Authority, RB, Water & Sewer System, 2nd General Resolution, Fiscal 2017, Series DD, 5.25%, 06/15/47		245		294,784
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39		1,500		1,740,330
Long Island Power Authority, RB:
CAB, Electric Systems, Series A (AGM), 0.00%, 06/01/28(b)		3,515		2,844,619
General, 5.00%, 09/01/47		200		236,538
General, Electric Systems, Series C (AGC), 5.25%, 09/01/29		1,000		1,288,300

5

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Utilities (continued)
Long Island Power Authority, Refunding RB, Electric System, Series B, 5.00%, 09/01/46	$	125	$	145,539
State of New York Environmental Facilities Corp., RB, Subordinated SRF Bonds, Series B, 5.00%, 06/15/48		370		446,901
State of New York Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal Water, Series B, 5.00%, 06/15/36		350		373,408
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series TE, 5.00%, 12/15/41		2,690		3,057,454
				10,427,873
Total Municipal Bonds in New York				107,695,124
Puerto Rico — 4.6%
State — 2.6%
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured:
Series A-1, 4.50%, 07/01/34		7		7,175
Series A-1, 4.75%, 07/01/53		276		266,254
Series A-1, 5.00%, 07/01/58		1,460		1,451,313
Series A-2, 5.00%, 07/01/58		339		324,169
				2,048,911
Tobacco — 0.5%
Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds, 5.63%, 05/15/43		400		404,132
Utilities — 1.5%
Commonwealth of Puerto Rico Aqueduct & Sewer Authority, RB, Senior Lien, Series A:
5.00%, 07/01/33		615		610,387
5.13%, 07/01/37		175		173,688

Security	Par (000)		Value
Utilities (continued)
Commonwealth of Puerto Rico Aqueduct & Sewer Authority, Refunding RB, Senior Lien, Series A, 6.00%, 07/01/38	$	410	$	410,000
				1,194,075
Total Municipal Bonds in Puerto Rico				3,647,118
Total Municipal Bonds — 143.8% (Cost — $102,836,301)				111,342,242
Municipal Bonds Transferred to Tender Option Bond Trusts(d)
New York — 19.8%
County/City/Special District/School District — 2.5%
City of New York, GO:
Sub-Series-D1, Series D, 5.00%, 12/01/43(e)		1,150		1,393,041
Sub-Series I-1, 5.00%, 03/01/36		500		566,377
				1,959,418
Education — 0.7%
City of New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series A, 5.00%, 08/01/33		510		572,772
Housing — 1.6%
City of New York Housing Development Corp., Refunding RB, Sustainable Neighborhood Bonds, Series A, 4.25%, 11/01/43		1,130		1,211,699
State — 3.7%
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A:
5.00%, 10/15/31		255		298,963
4.00%, 10/15/32		350		389,956
State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 03/15/41		1,000		1,056,815

6

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
State (continued)
State of New York Urban Development Corp., RB, State Personal Income Tax, General Purpose, Series A, 4.00%, 03/15/47	$	1,003	$	1,102,271
				2,848,005
Transportation — 7.6%
New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43		1,995		2,172,845
Port Authority of New York & New Jersey, Refunding ARB:
Consolidated, Series 169th, 5.00%, 10/15/26		1,000		1,075,260
Consolidated, Series 210th, 5.00%, 09/01/48		960		1,162,521
Series 194th, 5.25%, 10/15/55		735		859,808
Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A, 5.00%, 11/15/46		500		586,005
				5,856,439
Utilities — 3.7%
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution:
Fiscal 2011, Series HH, 5.00%, 06/15/32		1,500		1,604,935

Security	Par (000)		Value
Utilities (continued)
Fiscal 2012, Series BB, 5.00%, 06/15/44	$	1,005	$	1,084,070
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series B, 4.00%, 12/15/35		190		210,701
				2,899,706
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 19.8% (Cost — $14,449,134)				15,348,039
Total Long-Term Investments — 163.6% (Cost — $117,285,435)				126,690,281
	Shares
Short-Term Securities — 2.4%
BlackRock Liquidity Funds New York Money Fund Portfolio, 1.44%(f)(g)		1,848,146		1,848,146
Total Short-Term Securities — 2.4% (Cost — $1,848,146)				1,848,146
Total Investments — 166.0% (Cost — $119,133,581)				128,538,427
Other Assets Less Liabilities — 1.8%				1,403,680
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (10.5)%				(8,099,661	)
VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (57.3)%				(44,400,000	)
Net Assets Applicable to Common Shares — 100.0%			$	77,442,446

^(a) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(b) Zero-coupon bond.

^(c) U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

^(d) Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.

^(e) All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement, which expires on December, 01, 2026, is $604,549.

^(f) Annualized 7-day yield as of period end.

^(g) During the period ended May 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

7

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY)

Affiliate	Shares Held at 08/31/18		Net Activity			Shares Held at 05/31/19		Value at 05/31/19		Income		Net Realized Gain (Loss) (a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds New York Money Fund Portfolio		—		1,848,146			1,848,146	$	1,848,146	$	3,929	$	—	$	—
BlackRock Liquidity Funds, MuniCash, Institutional Class*		129,237		(129,237	)		—		—		901		13		(13	)
								$	1,848,146	$	4,830	$	13	$	(13	)

* No longer held by the Trust as of period end.

^(a)  Includes net capital gain distributions, if applicable.

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

Portfolio Abbreviations

AGC — Assured Guarantee Corp.

AGM — Assured Guaranty Municipal Corp.

AMBAC — American Municipal Bond Assurance Corp.

AMT — Alternative Minimum Tax (subject to)

ARB — Airport Revenue Bonds

CAB — Capital Appreciation Bonds

FHA — Federal Housing Administration

GO — General Obligation Bonds

HFA — Housing Finance Agency

M/F — Multi-Family

NPFGC — National Public Finance Guarantee Corp.

PILOT — Payment in Lieu of Taxes

RB — Revenue Bonds

S/F — Single-Family

SONYMA — State of New York Mortgage Agency

SRF — State Revolving Fund

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts:
10-Year U.S. Treasury Note		13		09/19/19	$	1,648	$	(10,919	)
Long U.S. Treasury Bond		24		09/19/19		3,689		(38,396	)
5-Year U.S. Treasury Note		11		09/30/19		1,291		(5,259	)
							$	(54,574	)

8

Schedule of Investments  (unaudited) (continued) May 31, 2019 BlackRock New York Municipal Income Trust II (BFY)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

• Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

• Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

	Level 1			Level 2		Level 3		Total
Assets:
Investments:
Long-Term Investments(a)	$	—		$	126,690,281	$	—	$	126,690,281
Short-Term Securities		1,848,146			—		—		1,848,146
	$	1,848,146		$	126,690,281	$	—	$	128,538,427
Derivative Financial Instruments(b)
Liabilities:
Interest rate contracts	$	(54,574	)	$	—	$	—	$	(54,574	)

^(a)  See above Schedule of Investments for values in each sector.

^(b)  Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

	Level 1		Level 2			Level 3		Total
Liabilities:
TOB Trust Certificates	$	—	$	(8,058,575	)	$	—	$	(8,058,575	)
VRDP Shares at Liquidation Value		—		(44,400,000	)		—		(44,400,000	)
	$	—	$	(52,458,575	)	$	—	$	(52,458,575	)

9