At least on my 2007 282 there is no Y-valve. There is no commonality in the two different discharge lines. I'll try to show.
In the forward bilge is the overboard discharge seacock. It is the one on the right with no handle on it - it has never been and never will be used, although I turn it once in a while.
You have to remove the aft panel in the aft berth to see the inner workings. Only one line exits the pump that sits atop the holding tank. That line runs to the discharge seacock in the above photo. There is only one line (labelled Marine Fuel of all things!) that runs in to the holding tank (closer to the left foreground in the photo), obviously from the head. Two lines run out to the left in the photo. The slightly smaller diameter line runs to a vent on the starboard side. The slightly larger diameter line runs to the pump-out outlet, which, on my boat is located on the deck of the starboard walk-around. That line is not internally pumped, it depends on the pump of the pump-out station.
Hope this helps.
Personally, since we will never use overboard discharge, I'd rather remove this whole works and replace it with a portable toilet. Then use this space for a marine AC unit. But I fear pulling out the holding tank will hurt the boat's resale value.
Rob