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Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2012.


Alliance New York Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
	Portfolio %
1) Port Authority of NY & NJ 5.00%, 10/01/27	4.97%
2) Metropolitan Trnsp Auth NY Series 02A 5.125%, 11/15/31	4.75%
3) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29	4.57%
4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25	4.18%
5) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25	4.14%
6) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28	3.84%
7) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21	3.55%
8) New York St Envrn Fac Corp. 5.00%, 8/15/24	3.23%
9) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26	3.12%
10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27	3.09%

Sector/Industry Breakdown
	Portfolio %
Tax Supported
Special Tax	32.13%
Local G.O.	12.55%
Tax-Supported State Lease	7.34%
State G.O.	2.35%
Assessment District	0.42%
SUBTOTAL	54.79%
Revenue
Water & Sewer	10.43%
Toll Roads/Transit	9.15%
Health Care - Not-for-Profit	8.48%
Airport	4.97%
Higher Education - Private	3.65%
Electric Utility	1.98%
Senior Living	1.70%
Industrial Development - Utility	0.21%
Industrial Development - Airline	0.18%
SUBTOTAL	40.75%
Asset-Backed
Housing - Multi-Family	1.81%
Housing - Single Family	1.23%
SUBTOTAL	3.04%
Prerefunded/ETM	0.94%
Cash Equivalents
Investment Companies	0.48%
SUBTOTAL	0.48%
Total	100.00%

State Breakdown
	Portfolio %
New York	91.15%
Puerto Rico	6.59%
California	0.88%
Colorado	0.42%
Illinois	0.27%
Ohio	0.21%
Other	0.48%
Total Investments	100.00%

Credit Quality Breakdown
	Portfolio %
AAA	28.72%
AA	46.18%
A	13.49%
BBB	9.09%
Not Rated	1.10%
Pre-refunded Bonds	0.94%
Short Term Investments	0.48%
Total Investments	100.00%

Portfolio Statistics:
AMT Percentage:	11.80%
Average Coupon:	5.37%
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	0.00%
Preferred Stock:	35.96%
Tender Option Bonds:	3.70%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	39.66%*
Average Effective Maturity:	6.13 Years
Effective Duration:	5.29 Years
Total Net Assets:	$113.46 Million**
Common Stock Net Asset Value:	$15.03
Number of Holdings:	65
Portfolio Turnover:	15%

* The total percentage of leverage constitutes 3.70% through the use of tender option bonds, 35.96% in issued and outstanding preferred stock and 0.00% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

** Includes 40,800,000 of preferred stock at liquidation value.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE Alliance New York Municipal Income Fund, Inc.