Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Oct 26, 2010, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2010.

    
    
                      Alliance New York Municipal Income Fund, Inc. 
    
    Top 10 Fixed-Income Holdings                                  Portfolio % 
    
        1) New York St Mortgage Agy SFMR     (New York St               9.10%
           Mortgage Agy)   Series 01-29  5.45%,  4/01/31
        2) Metropolitan Trnsp Auth NY         Series 02A                4.97%
           5.125%,  11/15/31
        3) New York St Dormitory Auth       (Maimonides Med             4.67%
           Ctr) NPFGC Series 04  5.75%,  8/01/29
        4) New York St UDC    Series 02A  5.25%,  3/15/32               4.65%
           (Prerefunded/ETM)
        5) New York NY GO    Series 01B  5.50%,  12/01/31               4.60%
           (Prerefunded/ETM)
        6) New York NY Mun Wtr Fin Auth  Series 02A                     4.52%
           5.125%,  6/15/34
        7) New York NY Trst for Cult Res    (Museum of                  4.47%
           Modern Art) AMBAC Series 01D  5.125%,  7/01/31
        8) Puerto Rico Sales Tax Fin Corp.   5.50%,                     3.77%
           8/01/28
        9) Tobacco Settlement Fin Corp. NY    (New York St              3.74%
           Lease Tobacco Asset Sec) AMBAC Series 03A-1
           5.25%,  6/01/21
       10) Puerto Rico Hwy & Trnsp Auth      Series 02D                 3.06%
           5.375%,  7/01/36 (Prerefunded/ETM)
    
    Sector/Industry Breakdown                                     Portfolio %
    
        Prerefunded/ETM                                                23.94%
        Housing - Single Family                                        10.51%
        Special Tax                                                    10.36%
        Health Care - Not-for-Profit                                   10.15%
        Water & Sewer                                                   9.58%
        Toll Roads/Transit                                              6.65%
        Revenue - Miscellaneous                                         5.43%
        Higher Education - Private                                      3.89%
        Tax-Supported State Lease                                       3.74%
        Housing - Multi-Family                                          2.92%
        State G.O.                                                      2.37%
        Assessment District                                             2.25%
        Electric Utility                                                1.98%
        Local G.O.                                                      1.79%
        Senior Living                                                   1.76%
        Insured                                                         1.15%
        Industrial Development - Airline                                1.02%
        Health Care - Municipal                                         0.27%
        Primary/Secondary Ed. - Private                                 0.24%
        Total                                                         100.00%
    
        State Breakdown                                           Portfolio %
    
        New York                                                       82.06%
        Puerto Rico                                                    12.63%
        Florida                                                         2.87%
        California                                                      1.31%
        Colorado                                                        0.37%
        Illinois                                                        0.28%
        Pennsylvania                                                    0.25%
        Ohio                                                            0.23%
        Total Investments                                             100.00%
    
            Credit Quality Breakdown   Portfolio %
    
                AAA                                                    27.30%
                AAA(Pre-refunded Bonds)                                23.94%
                AA                                                     18.85%
                A                                                      21.77%
                BBB                                                     4.65%
                BB                                                      0.25%
                N/R                                                     3.24%
                Total Investments                                     100.00%
    
    Portfolio Statistics:
            AMT Percentage:                                            15.35%
            Average Coupon:                                             5.09%
            Percentage of Leverage:
                Bank Borrowing:                                         0.00%
                Investment Operations:                                  0.52%
                Preferred Stock:                                       36.34%
                Tender Option Bonds:                                    3.74%
                Term Asset-Backed Loans Facility (TALF):                0.00%
                Total Fund Leverage:                                   40.6%*
            Average Maturity:                                      4.49 Years
            Effective Duration:                                    3.22 Years
            Total Net Assets:                                $112.3 Million**
            Common Stock Net Asset Value:                              $14.80
            Number of Holdings:                                            67

*The total percentage of leverage constitutes 3.74% through the use of tender option bonds, 36.34% in issued and outstanding preferred stock and 0.52% 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.