<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>tribor77o.txt
<TEXT>
<PAGE>

PARTICIPATING FUNDS

.  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   ISHARES NATIONAL AMT-FREE MUNI BOND ETF (ISHMUNI)
   ISHARES NEW YORK AMT-FREE MUNI BOND ETF (ISHNY)
   BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.(
   BR-NATL)
   BlackRock New York Municipal Opportunities Fund of BlackRock Multi-State Mu
   (BR-NYMO)
   BlackRock New York Municipal Income Trust II (BFY)
   BlackRock New York Municipal Income Trust (BNY)
   BlackRock New York Municipal Bond Trust (BQH)
   BlackRock New York Municipal Income Quality Trust (BSE)
   BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
   BlackRock MuniYield New York Quality Fund, Inc. (MYN)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of Offering Commencement:  01-22-2016

Security Type:                  BND/MUNI

Issuer                          Triborough Bridge and Tunnel Authority General
                                Revenue Bonds Series 2016-A

Selling Underwriter             Citigroup Global Markets Inc

Affiliated Underwriter(s)       [X] PNC Capital markets, LLC
                                [_]

List of Underwriter(s)          Citigroup Global Markets Inc, Cabrera Capital
                                Markets, LLC, Academy Securities, Bank of
                                America Merrill Lynch, Goldman, Sachs & Co.,
                                Jefferies LLC, J.P. Morgan Securities LLC,
                                Loop Capital Markets, Morgan Stanley & Co.
                                LLC, Siebert Brandford Shank & Co, Ramirez &
                                Co., Inc., RBC Capital Markets, Wells Fargo
                                Securities (trade name for Wells Fargo Bank,
                                N.A.), Barclays Capital Inc., Drexel Hamilton,
                                LLC, Duncan-Williams, Inc., Oppenheimer & Co.,
                                Estrada Hinojosa & Company, Fidelity Capital
                                Markets, Janney Montgomery Scott LLC, KeyBanc
                                Capital Markets, M&T Securities, Inc., Mesirow
                                Financial Inc. Piper Jaffray, PNC Capital
                                Markets LLC, Raymond James & Associates, Inc.,
                                Rice Financial Products Company, BNYMellon
                                Capital Markets, Roosevelt & Cross, Inc.,
                                Stern Brothers & Co. Stifel, Nicolaus &
                                Company, Inc., TD Securities (USA) LLC, U.S.
                                Bancorp Investments Inc., Williams Capital
                                Group L.P.

TRANSACTION DETAILS

Date of Purchase      01-22-2016

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions

<TABLE>
<S>                       <C>      <C>                                    <C>
Purchase Price/Share      $118.574 Total Commission, Spread or Profit     .4609
(PER SHARE / % OF PAR)    $117.988
                          $118.173
</TABLE>

<TABLE>
<S>                                                                <C>
1. Aggregate Principal Amount Purchased (a+b)                      $ 58,000,000
                                                                   ------------
   a. US Registered Funds
      (Appendix attached with individual Fund/Client purchase)     $ 57,000,000
                                                                   ------------
   b. Other BlackRock Clients                                      $  1,000,000
                                                                   ------------
2. Aggregate Principal Amount of Offering                          $541,240,000
                                                                   ------------
FUND RATIO                                                             0.107161
[Divide Sum of #1 by #2]
Must be less than 0.25
</TABLE>

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[X]  U.S. Registered Public Offering.. [Issuer must have 3 years of continuous
                                       operations]
[_]  Eligible Rule 144A Offering...... [Issuer must have 3 years of continuous
                                       operations]
[_]  Eligible Municipal Securities
[_]  Eligible Foreign Offering........ [Issuer must have 3 years of continuous
                                       operations]
[_]  Government Securities Offering... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]  The securities were purchased before the end of the first day on which any
     sales were made, at a price that was not more than the price paid by each
     other purchaser of securities in that offering or in any concurrent
     offering of the securities; and

[_]  If the securities are offered for subscription upon exercise of rights,
     the securities were purchased on or before the fourth day before the day
     on which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   agreement under which the underwriters were committed to purchase all
         of the securities being offered, except those purchased by others
         pursuant to a rights offering, if the underwriters purchased any of
         the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

<PAGE>

Rule 10f-3 Report - Definitions

Completed by:  Dipankar Banerjee                              Date: 01-28-2016
               ------------------------------------
               Global Syndicate Team Member

Approved by:   Betsy Mathews                                  Date: 01-28-2016
               ------------------------------------
               Global Syndicate Team Member

DEFINITIONS

TERM        DEFINITION
Fund Ratio  Number appearing at the bottom of page 1 of 2 of the Rule 10f-3
            Report form. It is the sum of the Funds' participation in the
            offering by the Funds and other accounts managed by BlackRock
            divided by the total amount of the offering.

<PAGE>

Rule 10f-3 Report - Definitions

TERM                       DEFINITION
Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)  the offering is subject to regulation in such
                                country by a "foreign financial regulatory
                                authority," as defined in Section 2(a)(50) of
                                the Investment Company Act of 1940;

                           (b)  the securities were offered at a fixed price
                                to all purchasers in the offering (except for
                                any rights to purchase securities that are
                                required by law to be granted to existing
                                security holders of the issuer);

                           (c)  financial statements, prepared and audited as
                                required or permitted by the appropriate
                                foreign financial regulatory authority in such
                                country, for the two years prior to the
                                offering, were made available to the public
                                and prospective purchasers in connection with
                                the offering; and

                           (d)  if the issuer is a "domestic issuer," i.e.,
                                other than a foreign government, a national of
                                any foreign country, or a corporation or other
                                organization incorporated or organized under
                                the laws of any foreign country, it (1) has a
                                class of securities registered pursuant to
                                section 12(b) or 12(g) of the Securities
                                Exchange Act of 1934 or is required to file
                                reports pursuant to section 15(d) of that act,
                                and (2) has filed all the material required to
                                be filed pursuant to section 13(a) or 15(d) of
                                that act for a period of at least 12 months
                                immediately preceding the sale of securities
                                (or for such shorter period that the issuer
                                was required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions


 TERM                            DEFINITION
 Eligible Municipal Securities   The securities:

                                 (a)  are direct obligations of, or
                                      obligations guaranteed as to principal
                                      or interest by, a State or any political
                                      subdivision thereof, or any agency or
                                      instrumentality of a State or any
                                      political subdivision thereof, or any
                                      municipal corporate instrumentality of
                                      one or more States, or any security
                                      which is an industrial development bond
                                      (as defined in section 103(c)(2) of
                                      Title 26) the interest on which is
                                      excludable from gross income under
                                      certain provisions of the Internal
                                      Revenue Code;

                                 (b)  are sufficiently liquid that they can be
                                      sold at or near their carrying value
                                      within a reasonably short period of
                                      time; and

                                 (c)  either

                                      (1) are subject to no greater than
                                          moderate credit risk; or

                                      (2) if the issuer of the municipal
                                          securities, or the entity supplying
                                          the revenues or other payments from
                                          which the issue is to be paid, has
                                          been in continuous operation for
                                          less than three years, including the
                                          operation of any predecessors, the
                                          securities are subject to a minimal
                                          or low amount of credit risk.

                                 Also, purchases of municipal securities may
                                 not be designated as group sales or otherwise
                                 allocated to the account of any prohibited
                                 seller (i.e., an affiliated underwriter).

 Eligible Rule 144A Offering     The securities are sold in an offering where

                                 (a)  the securities are offered or sold in
                                      transactions exempt from registration
                                      under Section 4(2) of the Securities Act
                                      of 1933, Rule 144A thereunder, or Rules
                                      501-508 thereunder;

                                 (b)  the securities were sold to persons that
                                      the seller and any person acting on
                                      behalf of the seller reasonably believe
                                      to include qualified institutional
                                      buyers, as defined in Rule 144A
                                      ("QIBs"); and

                                 (c)  the seller and any person acting on
                                      behalf of the seller reasonably believe
                                      that the securities are eligible for
                                      resale to other QIBs pursuant to Rule
                                      144A.

 Government Securities Offering  The security is issued or guaranteed as to
                                 principal or interest by the United States,
                                 or by a person controlled or supervised by
                                 and acting as an instrumentality of the
                                 Government of the United States pursuant to
                                 authority granted by the Congress of the
                                 United States; or any certificate of deposit
                                 for any of the foregoing.

<PAGE>

Rule 10f-3 Report - Definitions

TERM                             DEFINITION
U.S. Registered Public Offering  The securities offered are registered under
                                 the Securities Act of 1933 that are being
                                 offered to the public.

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