解:$(2)①y=\frac {x^2}{x-2}=\frac {x^2-4+4}{x-2}=x+2+\frac {4}{x-2}。$
②∵$x-2>0,$∴$y=x+2+\frac {4}{x-2}=x-2+\frac {4}{x-2}+4≥2\sqrt {(x-2)·\frac {4}{(x-2)}}+4=2\sqrt {4}+4=8,$
$ $当$x-2=\frac {4}{x-2},$即$x=4$时,$y$有最小值,最小值是$8。$
$ (3)$∵$x>0,$∴$\frac {x^2+x+9}{x+1}=\frac {x(x+1)+9}{x+1}=x+\frac {9}{x+1}=x+1+\frac {9}{x+1}-1≥2\sqrt {(x+1)·\frac {9}{x+1}}-1=5,$
$ $当$x+1=\frac {9}{x+1},$即$x=2$时,$\frac {x^2+x+9}{x+1}$有最小值,最小值是$5。$
∴当$x=2$时,$\frac {x+1}{x^2+x+9}$有最大值,最大值是$\frac {1}{5}。$