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Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Sept. 24, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 31, 2013.

Alliance New York Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings	Portfolio %
1) New York St Dormitory Auth NPFGC Series 04	4.77%
5.75%, 8/01/14 (Prerefunded/ETM)
2) Port Authority of NY & NJ 5.00%, 10/01/27	4.74%
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty	3.96%
Ny Sales Tax) Series 2011C 5.00%, 12/01/25
4) New York St Thruway Auth (New York St Thruway	3.94%
Auth Ded Tax) Series 2011A 5.00%, 4/01/25
5) Tobacco Settlement Fin Corp. NY (New York St	3.64%
Lease Tobacco Asset Sec) AMBAC Series 03A-1
5.25%, 6/01/21
6) Puerto Rico Sales Tax Fin Corp. Series 2009A	3.44%
5.50%, 8/01/28
7) New York St Envrn Fac Corp. 5.00%,	3.06%
8/15/24
8) New York NY Trnsl Fin Auth Series 2012A-1	3.00%
5.00%, 5/01/27
9) New York St Dormitory Auth (New York St Pers	2.95%
Income Tax) 5.00%, 3/15/26
10) New York St Thruway Auth (New York St Pers	2.93%
Income Tax) Series 2011A 5.00%, 3/15/26

Sector/Industry Breakdown	Portfolio %

Tax Supported
Special Tax	32.41%
Local G.O.	9.25%
Tax-Supported State Lease	5.58%
State G.O.	1.54%
Assessment District	0.41%
SUBTOTAL	49.19%
Revenue
Water & Sewer	10.75%
Toll Roads/Transit	7.68%
Health Care - Not-for-Profit	5.54%
Airport	4.74%
Higher Education - Private	3.52%
Senior Living	3.11%
Electric Utility	1.99%
Revenue - Miscellaneous	1.23%
Industrial Development - Industry	0.40%
Industrial Development - Utility	0.20%
SUBTOTAL	39.16%
Prerefunded/ETM	5.17%
Cash Equivalents
Investment Companies	4.57%
SUBTOTAL	4.57%
Asset-Backed
Housing - Multi-Family	1.91%
SUBTOTAL	1.91%
Total	100.00%

State Breakdown	Portfolio %
New York	89.43%
Puerto Rico	4.84%
Colorado	0.41%
Illinois	0.37%
Ohio	0.20%
California	0.18%
Other	4.57%
Total Investments	100.00%

Credit Quality Breakdown	Portfolio %
AAA	22.52%
AA	47.72%
A	14.15%
BBB	4.28%
BB	0.40%
Not Rated	1.19%
Pre-refunded Bonds	5.17%
Short Term Investments	4.57%
Total Investments	100.00%

Bonds By Maturity	Portfolio %
Less than 1 year	9.34%
1 to 5 years	0.36%
5 to 10 years	11.15%
10 to 20 years	73.34%
20 to 30 years	5.81%
More than 30 years	0.00%
Other	0.00%


Total Investments	100.00%

Portfolio Statistics:
AMT Percentage:	9.55%
Average Coupon:	5.31%
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	0.00%
Preferred Stock:	39.33%
Tender Option Bonds:	4.05%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	43.38%*
Average Effective Maturity:	7.80 Years
Effective Duration:	6.38 Years
Total Net Assets:	$103.74 Million**
Common Stock Net Asset Value:	$13.01
Number of Holdings:	68
Portfolio Turnover:	44%

* The total percentage of leverage constitutes 4.05% through the use of tender option bonds, 39.33% 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.