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:         12/31/08         

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, 2008             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 2.8% (1.8% of Total Investments)             
$         2,105    New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,    6/11 at 101.00    BBB   $   1,620,703 
     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    738,980 
     5.750%, 6/01/33             
805    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    544,832 
     Series 2002, 5.375%, 5/15/33             
3,910    Total Consumer Staples            2,904,515 
    Education and Civic Organizations – 19.3% (12.5% of Total Investments)             
4,000    Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of    No Opt. Call    AA    3,785,000 
     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,    1/09 at 101.00    AA    1,282,010 
     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    AA–    1,005,960 
     Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured             
140    Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    7/15 at 100.00    AA    134,449 
     Facilities, Series 2004A, 5.000%, 7/01/29 – MBIA Insured             
920    Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    7/16 at 100.00    AA    826,565 
     Facilities, Series 2006A, 5.000%, 7/01/31 – MBIA Insured             
240    Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,    7/17 at 100.00    AA    222,180 
     5.000%, 7/01/37 – FGIC Insured             
3,250    Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series    No Opt. Call    AA    3,743,188 
     1998A, 6.000%, 7/01/18 – MBIA Insured             
510    Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate    7/15 at 100.00    AAA    437,305 
     University, Tender Option Bond Trust 3127, 10.840%, 7/01/40 – AMBAC 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    AA    696,230 
1,060     5.000%, 1/01/46 – AMBAC Insured    1/17 at 100.00    AA    703,268 
    New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium             
    Project, Series 2006:             
395     5.000%, 3/01/31 – FGIC Insured    9/16 at 100.00    BBB–    287,189 
2,210     5.000%, 3/01/36 – MBIA Insured    9/16 at 100.00    AA    1,548,569 
1,920     4.500%, 3/01/39 – FGIC Insured    9/16 at 100.00    BBB–    1,167,686 
4,000    New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of Modern Art,    7/12 at 100.00    Aa2    3,729,600 
     Series 2001D, 5.125%, 7/01/31 – AMBAC Insured             
330    New York State Dormitory Authority, Revenue Bonds, New York University, Series 2007, 5.000%,    7/17 at 100.00    AA–    307,151 
     7/01/32 – AMBAC Insured             
22,255    Total Education and Civic Organizations            19,876,350 
    Health Care – 25.0% (16.1% of Total Investments)             
2,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, New    2/09 at 100.50    A    1,698,240 
     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    A    1,349,264 
     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    742,194 
     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    A    9,450,137 
     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    AA    1,409,685 
     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    AA    1,786,678 
     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    AA    148,164 
     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    547,531 
     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    AA    1,733,280 
     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    982,072 
     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    487,470 
     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    615,461 
     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    723,575 
     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    A1    1,298,790 
1,000     5.250%, 2/15/22 – AMBAC Insured    2/13 at 100.00    A1    848,600 
395    New York State Dormitory Authority, Revenue Bonds, North Shore Jewish Obligated Group, Series    No Opt. Call    AA    381,495 
     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    642,249 
1,045     5.875%, 11/01/32    11/12 at 100.00    Baa1    815,581 
27,580    Total Health Care            25,660,466 
    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    2,461,929 
1,375     5.500%, 11/01/34 (Alternative Minimum Tax)    5/12 at 100.00    AA    1,111,963 
180    New York City, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A,    1/17 at 100.00    AAA    126,983 
     4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)             
4,280    Total Housing/Multifamily            3,700,875 
    Industrials – 0.8% (0.5% of Total Investments)             
1,225    Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel    1/17 at 100.00    BBB–    876,414 
     Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)             
    Long-Term Care – 2.9% (1.8% of Total Investments)             
525    Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of    2/17 at 103.00    AA    464,021 
     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    1,018,490 
1,500     5.400%, 2/01/34    8/12 at 101.00    AAA    1,457,985 
3,025    Total Long-Term Care            2,940,496 
    Tax Obligation/General – 13.1% (8.4% 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    AA    1,539,572 
2,375     5.375%, 11/15/20 – MBIA Insured    11/12 at 100.00    AA    2,415,138 
1,240    Canandaigua City School District, Ontario County, New York, General Obligation Refunding    4/12 at 101.00    Aa3    1,331,152 
     Bonds, Series 2002A, 5.375%, 4/01/17 – FSA Insured             
4,760    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,    2/17 at 100.00    A    3,407,922 
     2/15/47 – FGIC Insured             
3,000    New York City, New York, General Obligation Bonds, Fiscal Series 2001H, 5.250%, 3/15/16 –             
     FGIC Insured    3/11 at 101.00    AA    3,170,700 
80    New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 –    3/12 at 100.00    AAA    77,352 
     FSA Insured             
525    New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –    8/15 at 100.00    AAA    575,752 
     FSA Insured             
    New York City, New York, General Obligation Bonds, Tender Option Bond Trust 1198:             
565     10.750%, 11/01/19 – FSA Insured (IF)    11/14 at 100.00    AAA    586,097 
365     10.439%, 11/01/20 – FSA Insured (IF)    11/14 at 100.00    AAA    368,274 
14,400    Total Tax Obligation/General            13,471,959 
    Tax Obligation/Limited – 43.8% (28.2% of Total Investments)             
250    Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,    7/10 at 100.00    A    251,430 
     Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured             
3,000    Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing    10/12 at 100.00    AA    3,018,990 
     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    164,192 
     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    430,020 
     City School District, Series 2003, 5.750%, 5/01/20 – FSA Insured             
    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo             
    City School District:             
590     5.750%, 5/01/27 – FSA Insured (UB)    5/18 at 100.00    AAA    603,629 
190     5.750%, 5/01/28 – FSA Insured (UB)    5/18 at 100.00    AAA    193,694 
2,485    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo    5/17 at 100.00    AAA    2,529,208 
     City School District, 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    2,274,657 
     5.250%, 11/15/25 – FSA Insured             
4,000    Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,    7/12 at 100.00    AA    3,731,480 
     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    1,039,780 
     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    3,410,234 
1,040     5.000%, 10/15/26 – MBIA Insured    10/14 at 100.00    AAA    1,042,517 
300     5.000%, 10/15/29 – AMBAC Insured    10/14 at 100.00    AAA    293,526 
2,500    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal    1/17 at 100.00    AA    2,410,700 
     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    5,322,849 
     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    915,623 
     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    520,210 
     Series 2004C, 5.000%, 2/01/19 – SYNCORA GTY Insured             
    New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option             
    Bond Trust 3126:             
165     11.750%, 11/15/30 – AMBAC Insured (IF)    11/15 at 100.00    AAA    151,325 
150     10.829%, 11/15/44 – AMBAC Insured (IF)    11/15 at 100.00    AAA    123,236 
350    New York State Thruway Authority, General Revenue Bonds, Series 2005, 5.000%,    7/15 at 100.00    AAA    333,809 
     1/01/30 – FSA Insured (UB)             
    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    AA    2,867,419 
500     5.000%, 4/01/21 – AMBAC Insured    10/15 at 100.00    AA    509,280 
    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    AA–    1,852,177 
1,000     5.250%, 6/01/22 – AMBAC Insured    6/13 at 100.00    AA–    950,940 
750    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AA–    738,053 
     State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
8,600    New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,    No Opt. Call    AAA    9,302,878 
     5.700%, 4/01/20 – FSA Insured (UB)             
44,035    Total Tax Obligation/Limited            44,981,856 
    Transportation – 15.2% (9.8% 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    AA    1,952,380 
4,000     5.000%, 11/15/25 – FGIC Insured    11/12 at 100.00    AA    3,727,560 
865    New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –    1/15 at 100.00    A+    888,891 
     AMBAC Insured             
315    New York State Thruway Authority, General Revenue Bonds, Series 2007H, 5.000%, 1/01/25 –    1/18 at 100.00    AA    306,879 
     FGIC Insured             
85    Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara    4/09 at 101.00    AA    70,325 
     International Airport, Series 1999A, 5.625%, 4/01/29 – MBIA Insured (Alternative             
     Minimum Tax)             
2,000    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fifty    5/18 at 100.00    AA–    1,681,800 
     Second Series 2007, 5.000%, 11/01/28 (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    527,260 
1,000     5.000%, 12/01/28 – SYNCORA GTY Insured    6/15 at 101.00    AA–    962,130 
345     5.000%, 12/01/31 – SYNCORA GTY Insured    6/15 at 101.00    AA–    323,948 
390    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty    8/17 at 100.00    AAA    298,280 
     Eighth Series 2008, Trust 2920, 11.256%, 8/15/32 – FSA Insured (IF)             
4,000    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred    8/09 at 100.50    AA–    4,024,199 
     Twenty-Fourth Series 2001, 5.000%, 8/01/11 – FGIC Insured (Alternative Minimum Tax)             
780    Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue    No Opt. Call    AA    853,273 
     Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – MBIA Insured             
16,280    Total Transportation            15,616,925 
    U.S. Guaranteed – 8.5% (5.5% of Total Investments) (4)             
220    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    8/09 at 101.00    AAA    228,578 
     Services Facilities, Series 1999D, 5.250%, 2/15/29 (Pre-refunded 8/15/09) – FSA Insured             
150    Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk    No Opt. Call    AAA    178,404 
     County Issue, Series 1986, 7.375%, 7/01/16 (ETM)             
110    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    8/12 at 100.00    Aa1 (4)    123,387 
     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    3,505,766 
     (Pre-refunded 3/15/12) – FSA Insured             
565    New York State Housing Finance Agency, Construction Fund Bonds, State University, Series    No Opt. Call    AAA    611,070 
     1986A, 8.000%, 5/01/11 (ETM)             
2,575    Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,    10/10 at 101.00    AAA    2,607,471 
     5.500%, 10/01/40             
1,320    TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24    7/12 at 100.00    AAA    1,439,500 
       (Pre-refunded 7/15/12)             
8,110    Total U.S. Guaranteed            8,694,176 
    Utilities – 13.2% (8.5% of Total Investments)             
5,000    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,    9/11 at 100.00    AAA    4,552,449 
     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    AA    1,620,831 
1,300     5.000%, 12/01/25 – FGIC Insured    6/16 at 100.00    AA    1,211,340 
250    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,    6/16 at 100.00    A–    215,618 
     5.000%, 12/01/35 – CIFG Insured             
5,000    New York State Energy Research and Development Authority, Pollution Control Revenue Refunding    11/10 at 100.00    A    4,889,549 
     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    3/09 at 100.00    BBB    1,083,122 
     Recovery Revenue Bonds, RESCO Company, Series 1996, 5.500%, 7/01/09 (Alternative             
     Minimum Tax)             
14,340    Total Utilities            13,572,909 
    Water and Sewer – 3.2% (2.1% of Total Investments)             
1,140    New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue    6/16 at 100.00    AAA    1,065,809 
     Bonds, 5.000%, 6/15/36 – MBIA Insured (UB)             
2,295    Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,    6/15 at 100.00    AA    2,236,478 
     6/01/28 – MBIA Insured             
3,435    Total Water and Sewer            3,302,287 
$      162,875    Total Long-Term Investments (cost $164,987,259) – 151.5%            155,599,228 
Principal                 
Amount (000)     Description (1)    Coupon    Maturity    Value 
    Short-Term Investments – 3.9% (2.5% of Total Investments)             
    Euro Time Deposits – 3.9% (2.5% of Total Investments)             
$          4,049    State Street Euro Dollar Time Deposit    0.010%    1/02/09   $   4,049,430 
    Total Short-Term Investments (cost $4,049,430)            4,049,430 
    Total Investments (cost $169,036,689) – 155.4%            159,648,658 
    Floating Rate Obligations – (9.7)%            (9,950,000)
    Other Assets Less Liabilities – 3.0%            3,054,992 
    Variable Rate Demand Preferred Shares, at Liquidation Value – (48.7)% (5)            (50,000,000)
    Net Assets Applicable to Common Shares – 100%          $  102,753,650 

    At least 80% of the Fund’s net assets (including net assets attributable to Variable Rate Demand 
    Preferred shares) are invested in municipal securities that are covered by insurance or backed by an 
    escrow or trust account containing sufficient U.S. Government or U.S. Government agency securities 
    or U.S. Treasury-issued State and Local Government Series securities to ensure the timely payment of 
    principal and interest. 
(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 Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, 
    CIFG, FGIC, FSA, MBIA, RAAI and SYNCORA as of December 31, 2008. Subsequent to December 31, 
    2008, and during the period this Portfolio of Investments was prepared, there may have been reductions 
    to the ratings of certain bonds resulting from changes to the ratings of the underlying insurers both 
    during the period and after period end. Such reductions would likely reduce the effective rating of many 
    of the bonds insured by that insurer or insurers presented at period end. 
(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. Such investments are normally considered to 
    be equivalent to AAA rated securities. 
(5)    Variable Rate Demand Preferred Shares, at Liquidation Value, as a percentage of Total Investments is 31.3%. 
(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. 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No.157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund's investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management's assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund's fair value measurements as of December 31, 2008:

    Level 1    Level 2    Level 3    Total 
Investments    $4,049,430    $155,599,228    $ —    $159,648,658 

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 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, 2008, the cost of investments was $158,755,383.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2008, were as follows:

Gross unrealized:     
  Appreciation    $   1,394,821 
  Depreciation    (10,438,589)
Net unrealized appreciation (depreciation) of investments    $  (9,043,768)

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: 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 Insured New York Dividend Advantage Municipal Fund         

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

Date         February 27, 2009        

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 27, 2009        

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

Date        February 27, 2009