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Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of November 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		5.05%
2) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29		4.50%
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25		4.19%
4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25		4.15%
5) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28		3.81%
6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21		3.47%
7) New York St Envrn Fac Corp. 5.00%, 8/15/24		3.24%
8) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26		3.14%
9) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27		3.13%
10) New York NY Trnsl Fin Auth 5.00%, 5/01/27		3.11%

Sector/Industry Breakdown		Portfolio %
Tax Supported
	Special Tax	33.42%
	Local G.O.	12.58%
	Tax-Supported State Lease	5.56%
	State G.O.	2.32%
	Assessment District	0.42%
SUBTOTAL		54.30%
Revenue
	Health Care - Not-for-Profit	10.91%
	Water & Sewer	10.40%
	Toll Roads/Transit	8.23%
	Airport	5.05%
	Higher Education - Private	3.66%
	Electric Utility	1.97%
	Senior Living	1.69%
	Industrial Development - Industry	0.47%
	Industrial Development - Utility	0.21%
SUBTOTAL		42.59%
Asset-Backed
	Housing - Multi-Family	1.78%
	Housing - Single Family	1.18%
SUBTOTAL		2.96%
Cash Equivalents
	Investment Companies	0.11%
SUBTOTAL		0.11%
Prerefunded/ETM		0.04%
Total		100.00%

State Breakdown		Portfolio %
New York		91.64%
Puerto Rico		6.48%
California		0.87%
Colorado		0.42%
Illinois		0.27%
Ohio		0.21%
Other		0.11%
Total Investments		100.00%

Credit Quality Breakdown		Portfolio %
AAA		28.76%
AA		44.83%
A		13.84%
BBB		9.95%
BB		0.47%
Not Rated		2.00%
Pre-refunded Bonds		0.04%
Short Term Investments		0.11%
Total Investments		100.00%

Portfolio Statistics:
AMT Percentage:		9.34%
Average Coupon:		5.37%
Percentage of Leverage:
	Bank Borrowing:	0.00%
	Investment Operations:	0.00%
	Preferred Stock:	35.40%
	Tender Option Bonds:	3.64%
	Term Asset-Backed Loans Facility (TALF):	0.00%
	Total Fund Leverage:	39.04%*
	Average Effective Maturity:	6.70 Years
	Effective Duration:	5.83 Years
	Total Net Assets:	$115.27 Million**
	Common Stock Net Asset Value:	$15.40
	Number of Holdings:	68
	Portfolio Turnover:	15%


* The total percentage of leverage constitutes 3.64% through the use of tender option bonds, 35.40% 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.