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         811-21211         

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


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


Jessica R. Droeger—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:          06/30/05         

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 Tax - Free Advantage Municipal Fund (NRK)             
                       June 30, 2005             
 
 
 
Principal            Optional Call        Market 
Amount (000)        Description(1)    Provisions*    Ratings**    Value 
        Consumer Staples - 4.5% (3.0% of Total Investments)             
$ 360        Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series    5/12 at 100.00    BBB    $ 370,325 
        2002, 5.375%, 5/15/33             
1,500        New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003, 5.750%,    6/13 at 100.00    BBB    1,567,770 
        6/01/33             
450        TSASC Inc., New York, Tobacco Flexible Amortization Bonds, Series 1999-1, 6.250%, 7/15/34    7/09 at 101.00    BBB    473,945 
        Education and Civic Organizations - 22.4% (15.1% of Total Investments)             
1,000        New York City Trust for Cultural Resources, New York, Revenue Refunding Bonds, Museum of Modern    1/07 at 102.00    AAA    1,053,010 
        Art, Series 1996A, 5.500%, 1/01/21 - AMBAC Insured             
1,000        Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    No Opt. Call    AAA    1,120,120 
        Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) - XLCA Insured             
395        Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    7/09 at 101.00    AAA    414,284 
        Facilities, Series 1999B, 5.125%, 7/01/28 - MBIA Insured             
2,000        Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of    No Opt. Call    AAA    2,256,880 
        Medicine, Series 1994A, 5.150%, 7/01/24 - MBIA Insured             
100        Dormitory Authority of the State of New York, Insured Revenue Bonds, Rochester Institute of    7/07 at 101.00    AAA    104,845 
        Technology, Series 1997, 5.250%, 7/01/22 - MBIA Insured             
1,000        Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue    7/10 at 101.00    AAA    1,143,760 
        Refunding Bonds, City University System, Series 2000A, 6.125%, 7/01/13 - AMBAC Insured             
2,000        Dormitory Authority of the State of New York, Insured Revenue Bonds, Long Island University, Series    9/12 at 100.00    AA    2,107,540 
        2003A, 5.000%, 9/01/32 - RAAI Insured             
1,000        Dormitory Authority of the State of New York, Revenue Bonds, Mount St. Mary College, Series 2003,    7/13 at 100.00    AA    1,054,240 
        5.000%, 7/01/32 - RAAI Insured             
2,500        Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology,    7/12 at 100.00    Aaa    2,712,250 
        Series 2002A, 5.250%, 7/01/22 - AMBAC Insured             
        Healthcare - 20.7% (13.9% of Total Investments)             
500        New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/12 at 100.00    AAA    556,935 
        2002A, 5.500%, 2/15/17 - FSA Insured             
2,640        New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/13 at 100.00    AAA    2,904,079 
        2003A, 5.250%, 2/15/21 - AMBAC Insured             
830        Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital,    8/14 at 100.00    AAA    928,148 
        Series 2004A, 5.250%, 8/15/15 - FSA Insured             
25        Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer    7/13 at 100.00    AAA    26,985 
        Center, Series 2003-1, 5.000%, 7/01/21 - MBIA Insured             
750        Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities Hospital,    7/13 at 100.00    Baa1    802,275 
        Series 2003B, 5.500%, 7/01/23             
500        Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish Group,    5/13 at 100.00    A3    532,840 
        Series 2003, 5.375%, 5/01/23             
2,000        Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Lutheran    2/13 at 100.00    AAA    2,120,960 
        Medical Center, Series 2003, 5.000%, 8/01/31 - MBIA Insured             
3,000        Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.    8/12 at 100.00    AAA    3,171,090 
        Barnabas Hospital, Series 2002A, 5.000%, 2/01/31 - AMBAC Insured             
        Long-Term Care - 2.4% (1.6% of Total Investments)             
1,185        Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds,    2/13 at 102.00    AAA    1,285,571 
        Shorefront Jewish Geriatric Center Inc., Series 2002, 5.200%, 2/01/32             
        Tax Obligation/General - 5.2% (3.5% of Total Investments)             
2,400        New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25 - MBIA    8/08 at 101.00    AAA    2,541,144 
        Insured             
225        New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15    8/14 at 100.00    A+    249,917 
 
        Tax Obligation/Limited - 47.4% (32.0% of Total Investments)             
2,695        Buffalo Fiscal Stability Authority, New York, Sales Tax Revenue State Aid Secured Bonds, Series    No Opt. Call    AAA    3,032,522 
        2004A, 5.250%, 8/15/12 - MBIA Insured             
1,000        Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series    7/12 at 100.00    AAA    1,066,780 
        2002A, 5.000%, 7/01/25 - FGIC Insured             
560        Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003, 5.500%,    1/13 at 102.00    BBB    590,985 
        1/01/34             
3,000        New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series    8/12 at 100.00    AAA    3,327,870 
        2003C, 5.250%, 8/01/18 - AMBAC Insured             
2,000        New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal    2/13 at 100.00    AAA    2,170,000 
        Series 2003D, 5.000%, 2/01/22 - MBIA Insured             
145        Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services    8/09 at 101.00    AAA    156,272 
        Facilities, Series 1999D, 5.250%, 2/15/29 - FSA Insured             
1,290        New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,    1/13 at 100.00    AAA    1,395,393 
        Series 2002A, 5.000%, 1/01/23 - FGIC Insured             
3,000        Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,    10/12 at 100.00    AAA    3,295,260 
        Series 2002D, 5.250%, 10/01/23 - MBIA Insured             
3,500        New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002B, 5.000%,    4/12 at 100.00    AAA    3,750,040 
        4/01/20 - AMBAC Insured             
565        New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2004B, 5.250%,    No Opt. Call    AAA    631,540 
        4/01/12 - AMBAC Insured             
100        New York State Urban Development Corporation, Revenue Refunding Bonds, Correctional Capital    1/08 at 102.00    AAA    105,596 
        Facilities, Series 1998, 5.000%, 1/01/20 - MBIA Insured             
2,000        New York State Urban Development Corporation, Service Contract Revenue Bonds, Correctional and    No Opt. Call    AA-    2,201,260 
        Youth Facilities, Series 2002A, 5.500%, 1/01/17 (Mandatory put 1/01/11)             
        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 - MBIA Insured    10/14 at 100.00    AAA    658,635 
555        5.000%, 10/15/26 - MBIA Insured    10/14 at 100.00    AAA    600,149 
1,200        New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State    6/13 at 100.00    AAA    1,320,156 
        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 State    6/13 at 100.00    AA-    831,870 
        Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
250        Yonkers Industrial Development Agency, New York, Revenue Bonds, Community Development Properties -    2/11 at 100.00    BBB-    274,100 
        Yonkers Inc. Project, Series 2001A, 6.250%, 2/01/16             
        Transportation - 8.2% (5.5% of Total Investments)             
1,000        Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series    11/12 at 100.00    AAA    1,067,490 
        2002A, 5.000%, 11/15/25 - FGIC Insured             
3,030        Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Twenty-Eighth    11/12 at 101.00    AAA    3,298,973 
        Series 2002, 5.000%, 11/01/22 - FSA Insured             
        U.S. Guaranteed *** - 19.9% (13.4% of Total Investments)             
100        Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 - AMBAC    12/09 at 100.00    AAA    119,424 
        Insured             
195        New York, General Obligation Bonds, Series 1998B, 5.000%, 3/01/17 (Pre-refunded to 3/01/08) -    3/08 at 101.00    AAA    207,909 
        AMBAC Insured             
990        Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    7/09 at 101.00    AAA    1,081,704 
        Facilities, Series 1999B, 5.125%, 7/01/28 (Pre-refunded to 7/01/09) - MBIA Insured             
1,855        Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services    8/09 at 101.00    AAA    2,035,566 
        Facilities, Series 1999D, 5.250%, 2/15/29 (Pre-refunded to 8/15/09) - FSA Insured             
2,500        Dormitory Authority of the State of New York, Revenue Bonds, State Personal Income Tax, Series    3/13 at 100.00    AAA    2,785,425 
        2003A, 5.000%, 3/15/32 (Pre-refunded to 3/15/13) - FGIC Insured             
        New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State             
        Facilities and Equipment, Series 2002C-1:             
1,000        5.500%, 3/15/20 (Pre-refunded to 3/15/13) - FGIC Insured    3/13 at 100.00    AAA    1,147,940 
1,000        5.500%, 3/15/21 (Pre-refunded to 3/15/13) - FGIC Insured    3/13 at 100.00    AAA    1,147,940 
1,975        Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 2002A,    1/12 at 100.00    AAA    2,092,414 
        5.125%, 1/01/31 (Pre-refunded to 1/01/12) - MBIA Insured             
        Utilities - 16.0% (10.8% of Total Investments)             
4,000        Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A,    6/08 at 101.00    AAA    4,227,520 
        5.125%, 12/01/22 - FSA Insured             
2,000        New York State Power Authority, General Revenue Bonds, Series 2002A, 5.000%, 11/15/20    11/12 at 100.00    Aa2    2,154,340 
2,000        Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2000HH, 5.250%, 7/01/29 - FSA    7/10 at 101.00    AAA    2,171,940 
        Insured             
 
        Water and Sewer - 1.7% (1.2% of Total Investments)             
870        Niagara Falls Public Water Authority, New York, Water and Sewerage Revenue Bonds, Series 2003A,    7/06 at 100.00    AAA    892,958 
        5.500%, 7/15/24 - MBIA Insured             
$ 73,095        Total Long-Term Investments (cost $75,052,201) - 148.4%            79,338,884 
        Other Assets Less Liabilities - 2.1%            1,107,022 
        Preferred Shares, at Liquidation Value - (50.5)%            (27,000,000) 
        Net Assets Applicable to Common Shares - 100%            $53,445,906 
 
        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 any of which ensure 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) municipal bonds that are rated, at the time of             
        investment, within the four highest grades (Baa or BBB or better by Moody's, S&P 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.             
    *    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.             
    **    Ratings: Using the higher of Standard & Poor's or Moody's rating.             
    ***    Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency             
        securities which ensures the timely payment of principal and interest.             
        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 income on taxable market             
        discount securities and timing differences in recognizing certain gains and losses on security transactions.             
        At June 30, 2005, the cost of investments was $75,052,085             
        Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2005, were as             
        follows:             
        Gross unrealized:             
           Appreciation            $4,296,103 
           Depreciation            (9,304) 
 
        Net unrealized appreciation of investments            $4,286,799 

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 Tax-Free Advantage Municipal Fund        

By (Signature and Title)*          /s/ Jessica R. Droeger--Vice President and Secretary        

Date         08/26/05        

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--Chief Administrative Officer (principal executive officer)        

Date         08/26/05        

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

Date         08/26/05        

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