UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-10503

Name of Fund:   BlackRock New York Municipal 2018 Term Trust (BLH)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New York Municipal 2018 Term Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 12/31/2008

Date of reporting period: 01/01/2008 – 03/31/2008

Item 1 – Schedule of Investments


BlackRock New York Municipal 2018 Term Trust  
Schedule of Investments as of March 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
        Par      
    Municipal Bonds   (000)            Value
New York - 124.6%   Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter          
    School Project), Series A, 7%, 5/01/25 $ 450   $ 356,103
    East Rochester, New York, Housing Authority, Revenue Refunding Bonds          
    (Genesee Valley Presbyterian Nursing Center Project), 5.20%, 12/20/24 (a)(b)   1,320     1,355,112
    Jefferson County, New York, IDA, Solid Waste Disposal, Revenue Refunding          
    Bonds (International Paper Company), AMT, Series A, 5.20%, 12/01/20   2,450     2,210,635
    Long Island Power Authority, New York, Electric System Revenue Bonds, CABS,          
    5.40%, 6/01/18 (c)(d)   1,900     1,214,575
    Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,          
    Series A, 5.125%, 11/15/21 (e)   5,000     5,075,700
    New York City, New York, City IDA, Special Facility Revenue Bonds          
    (American Airlines, Inc. - JFK International Airport), AMT, 7.50%, 8/01/16   1,000     1,005,990
    New York City, New York, City Transitional Finance Authority, Future Tax          
    Secured Revenue Bonds, Series C, 5%, 5/01/09 (f)   1,895     1,980,635
    New York City, New York, City Transitional Finance Authority, Future Tax          
    Secured, Revenue Refunding Bonds, Series B, 5%, 5/01/18   3,000     3,131,280
    New York City, New York, GO, Refunding, Series G, 5.75%, 8/01/12 (f)   1,890     2,111,697
    New York City, New York, GO, Refunding, Series G, 5.75%, 8/01/18   3,110     3,343,592
    New York City, New York, GO, Series B, 5.375%, 12/01/11 (f)   3,475     3,804,951
    New York City, New York, GO, Series B, 5.375%, 12/01/20   525     553,760
    New York City, New York, IDA, Civic Facility Revenue Bonds          
    (YMCA of Greater New York Project), 5.25%, 8/01/21   4,000     4,053,640
    New York Liberty Development Corporation Revenue Bonds          
    (National Sports Museum Project), Series A, 6.125%, 2/15/19   525     502,877
    New York State Dormitory Authority, City University System Revenue Bonds,          
    Consolidated 4th Generation, Series A, 5.125%, 7/01/11 (f)   1,800     1,942,452
    New York State Dormitory Authority Revenue Bonds          
    (Mental Health Services Facilities), Series B, 5.50%, 8/15/11 (f)(g)   1,030     1,126,511
    New York State Dormitory Authority Revenue Bonds          
    (Willow Towers Inc. Project), 5.25%, 2/01/22 (b)   1,000     1,038,210
    New York State Dormitory Authority, Revenue Refunding Bonds          
    (Brooklyn Law School), Series A, 5.50%, 7/01/18 (h)   1,000     1,034,880
    New York State Dormitory Authority, State Supported Debt Revenue Bonds          
    (Mental Health Services Facilities), Series A, 5%, 2/15/18   295     300,177
    New York State Dormitory Authority, State Supported Debt Revenue Bonds          
    (Mental Health Services Facilities), Series B, 5.50%, 8/15/11 (f)(g)   1,560     1,706,172
    New York State Dormitory Authority, State Supported Debt Revenue Bonds          
    (Mental Health Services Facilities), Series B, 5.50%, 8/15/20 (g)   30     32,791
    New York State Dormitory Authority, State Supported Debt, Revenue Refunding          
    Bonds (Upstate Community Colleges), Series A, 5%, 7/01/09 (f)          1,170             1,228,079
Portfolio Abbreviations          
To simplify the listings of BlackRock New York Municipal 2018 Term Trust's portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below.
  AMT Alternative Minimum Tax (subject to) IDA Industrial Development Authority
  CABS Capital Appreciation Bonds TFABS Tobacco Flexible Amortization Bonds
  GO General Obligation Bonds    

1


BlackRock New York Municipal 2018 Term Trust  
Schedule of Investments as of March 31, 2008 (Unaudited) (Percentages shown are based on Net Assets)
        Par        
    Municipal Bonds   (000)            Value  
    New York State Dormitory Authority, State Supported Debt, Revenue Refunding            
    Bonds (Upstate Community Colleges), Series A, 5%, 7/01/19 $ 2,060   $         2,100,170  
    Niagara County, New York, IDA, Civic Facility Revenue Refunding Bonds            
    (Niagara University Project), Series A, 5.35%, 11/01/23 (h)   4,180     4,220,003  
    Oneida, New York, Health Care Corporation, Revenue Refunding Bonds            
    (Residential Health Care Project), 5.30%, 2/01/21 (h)   4,130     4,176,999  
    Orange County, New York, IDA, Civic Facility Revenue Refunding Bonds (Saint            
    Lukes Hospital - Newburgh, New York Project), Series A, 5.375%, 12/01/21 (h)   3,875     3,929,715  
    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT,            
    126th Series, 5%, 11/15/18 (e)   3,885     3,978,123  
    Port Authority of New York and New Jersey, Special Obligation Revenue Bonds            
    (Continental Airlines, Inc. - LaGuardia Project), AMT, 9.125%, 12/01/15   2,475     2,551,725  
    Rockland Tobacco Asset Securitization Corporation, New York, Tobacco            
    Settlement Asset-Backed Revenue Bonds, 5.625%, 8/15/35   4,000     3,925,760  
    TSASC, Inc., New York, TFABS, Series 1, 5.75%, 7/15/12 (f)   3,000     3,342,210  
    Westchester County, New York, IDA, Civic Facility Revenue Bonds            
    (Purchase College Foundation), Series A, 5.125%, 12/01/22 (i)   3,710     3,804,086  
              71,138,610  
Puerto Rico - 8.0%   Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue            
    Refunding Bonds, 5.625%, 5/15/43   2,000     1,927,320  
    Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue            
    Bonds, Series E, 5.70%, 2/01/10 (f)   2,500     2,634,425  
              4,561,745  
    Total Municipal Bonds (Cost - $72,628,510) - 132.6%         75,700,355  
Multi - State - 7.3%   Corporate Bonds            
    Charter Mac Equity Issuer Trust, 6.625%, 6/30/49 (j)   4,000     4,164,600  
    Total Corporate Bonds (Cost - $4,060,770) - 7.3%         4,164,600  
    Short-Term Securities   Shares        
    CMA New York Municipal Money Fund, 1.57% (k)(l)   7,725,102     7,725,102  
    Total Short-Term Securities (Cost - $7,725,102) - 13.6%         7,725,102  
    Total Investments (Cost - $84,414,382*) - 153.5%         87,590,057  
    Other Assets Less Liabilities - 1.6%         900,931  
    Preferred Shares, at Redemption Value - (55.1%)         (31,416,822 )
    Net Assets Applicable to Common Shares - 100.0%       $ 57,074,166  

*       

The cost and unrealized appreciation (depreciation) of investments as of March 31, 2008, as computed for federal income tax purposes, were as follows:
 
Aggregate cost   $      84,414,382  
Gross unrealized appreciation   $ 3,569,032  
Gross unrealized depreciation     (393,357 )
Net unrealized appreciation   $ 3,175,675  

(a)     

FHA Insured.
(b)

GNMA Collateralized.
(c)

FSA Insured.
(d)

Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.

2


BlackRock New York Municipal 2018 Term Trust
Schedule of Investments as of March 31, 2008 (Unaudited)

(e)     

FGIC Insured.
(f)

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

MBIA Insured.
(h)

Radian Insured.
(i)

AMBAC Insured.
(j)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors. Unless otherwise indicated, these securities are not considered to be illiquid.
(k)

Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:
         
Affiliate   Net Activity   Dividend Income
CMA New York Municipal Money Fund   7,415,574   $30,519

(l)     

Represents the current yield as of report date.
 

 

3


BlackRock New York Municipal 2018 Term Trust

  		•

    Effective January 1, 2008, the BlackRock New York Municipal 2018 Term Trust (the“Trust”) adopted FASB Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:
     
       

  • Level 1 – price quotations in active markets/exchanges for identical securities
     
       

  • Level 2 – other observable inputs (including, but not limited to: quoted prices for 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 circumstance, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments)
     

    The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.

    The following table summarizes the inputs used as of March 31, 2008 in determining the fair valuation of the Trust’s investments:

           
      Valuation
    Inputs         		  Investments in
    Securities
      Level 1   0  
        Level 2 $  87,590,057  
      Level 3   0  
      Total   $  87,590,057  

     

    4

    Item 2 – Controls and Procedures

    2(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”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

    2(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) 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

    Certifications – Attached hereto

    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.

    BlackRock New York Municipal 2018 Term Trust

    By:     
    /s/ Donald C. Burke
      Donald C. Burke
      Chief Executive Officer of
      BlackRock New York Municipal 2018 Term Trust

    Date: May 22, 2008

    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:     
    /s/ Donald C. Burke
      Donald C. Burke
      Chief Executive Officer (principal executive officer) of
     
    BlackRock New York Municipal 2018 Term Trust

    Date: May 22, 2008

    By:     
    /s/ Neal J. Andrews
      Neal J. Andrews
      Chief Financial Officer (principal financial officer) of
      BlackRock New York Municipal 2018 Term Trust

    Date: May 22, 2008