Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Top 10 Fixed-Income Holdings

Portfolio %

     1)   Port Authority of NY & NJ 5.00%, 10/01/27

4.88%

     2)   New York St Dormitory Auth NPFGC Series 04 5.75%, 8/01/14

           (Prerefunded/ETM)

4.86%

     3)   Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax)

            Series 2011C 5.00%, 12/01/25

4.10%

     4)   New York St Thruway Auth (New York St Thruway Auth Ded Tax)

            Series 2011A 5.00%, 4/01/25

4.08%

     5)   Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco

            Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21

3.70%

     6)   Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28

3.69%

     7)   New York St Envrn Fac Corp. 5.00%, 8/15/24

3.17%

     8)   New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27

3.09%

     9)   New York St Dormitory Auth (New York St Pers Income Tax)

            5.00%, 3/15/26

3.04%

     10)  New York St Thruway Auth (New York St Pers Income Tax)

            Series 2011A 5.00%, 3/15/26

3.03%

     Sector/Industry Breakdown

Portfolio %

     Tax Supported

          Special Tax

32.70%

          Local G.O.

9.55%

          Tax-Supported State Lease

5.71%

          State G.O.

1.66%

          Assessment District

0.43%

     SUBTOTAL

50.05%

     Revenue

          Water & Sewer

8.53%

          Toll Roads/Transit

7.92%

          Health Care - Not-for-Profit

5.87%

          Airport

4.88%

          Higher Education - Private

3.62%

          Senior Living

3.20%

          Electric Utility

2.04%

          Revenue - Miscellaneous

1.30%

          Industrial Development - Industry

0.45%

          Industrial Development - Utility

0.22%

     SUBTOTAL

38.03%

     Prerefunded/ETM

5.32%

     Cash Equivalents

          Investment Companies

4.66%

     SUBTOTAL

4.66%

     Asset-Backed

          Housing - Multi-Family

1.94%

     SUBTOTAL

1.94%

     Total

100.00%

     State Breakdown

Portfolio %

     New York

88.87%

     Puerto Rico

5.21%

     Colorado

0.43%

     Illinois

0.38%

     California

0.23%

     Ohio

0.22%

     Other

4.66%

     Total Investments

100.00%

         Credit Quality Breakdown

Portfolio %

               AAA

25.30%

               AA

43.67%

               A

14.80%

               BBB

4.59%

               BB

0.45%

               Not Rated

1.21%

               Pre-refunded Bonds

5.32%

               Short Term Investments

4.66%

               Total Investments

100.00%

     Bonds By Maturity

Portfolio %

     Less than 1 year

4.71%

     1 to 5 years

5.23%

     5 to 10 years

11.48%

     10 to 20 years

71.07%

     20 to 30 years

7.51%

     More than 30 years

0.00%

     Other

0.00%

     Total Investments

100.00%

     Portfolio Statistics:

          AMT Percentage:

9.66%

          Average Coupon:

5.06%

          Percentage of Leverage:

               Bank Borrowing:

0.00%

               Investment Operations:

0.00%

               Preferred Stock:

38.65%

               Tender Option Bonds:

3.98%

               Term Asset-Backed Loans Facility (TALF):

0.00%

               Total Fund Leverage:

42.63%*

          Average Effective Maturity:

6.88 Years

          Effective Duration:

5.75 Years

          Total Net Assets:

$105.55 Million**

          Common Stock Net Asset Value:

$13.39

          Number of Holdings:

68

          Portfolio Turnover:

44%

* The total percentage of leverage constitutes 3.98% through the use of tender option

bonds, 38.65% 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.