Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Dec 28, 2010, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Dec. 28, 2010 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of November 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

7.54%

Mortgage Agy)   Series 01-29    5.45%, 4/01/31


2) Metropolitan Trnsp Auth NY    Series 02A

5.00%

5.125%, 11/15/31


3) New York St UDC    Series 02A    5.25%, 3/15/32

4.81%

(Prerefunded/ETM)


4) New York NY GO    Series 01B    5.50%, 12/01/31

4.76%

(Prerefunded/ETM)


5) New York St Dormitory Auth    (Maimonides Med

4.75%

Ctr) NPFGC Series 04    5.75%, 8/01/29


6) New York NY Trst for Cult Res    (Museum of

4.57%

Modern Art) AMBAC Series 01D    5.125%, 7/01/31


7) New York NY Mun Wtr Fin Auth    Series 02A

4.57%

5.125%, 6/15/34


8) Tobacco Settlement Fin Corp. NY    (New York St

3.83%

Lease Tobacco Asset Sec) AMBAC Series 03A-1


5.25%, 6/01/21


9) Puerto Rico Sales Tax Fin Corp.    5.50%,

3.77%

8/01/28


10) Puerto Rico Hwy & Trnsp Auth    Series 02D

3.16%

5.375%, 7/01/36 (Prerefunded/ETM)








Sector/Industry Breakdown



Portfolio %

   Prerefunded/ETM

24.84%

   Special Tax

10.28%

   Water & Sewer

9.41%

   Housing - Single Family

8.94%

   Health Care - Not-for-Profit

8.47%

   Toll Roads/Transit

6.69%

   Tax-Supported State Lease

5.65%

   Revenue - Miscellaneous

5.51%

   Higher Education - Private

3.98%

   Housing - Multi-Family

3.03%

   State G.O.

2.39%

   Assessment District

2.33%

   Electric Utility

2.01%

   Senior Living

1.80%

   Local G.O.

1.73%

   Insured

1.18%

   Industrial Development - Airline

1.00%

   Health Care - Municipal

0.28%

   Primary/Secondary Ed. - Private

0.25%

   Industrial Development - Utility

0.23%

   Total

100.00%



   State Breakdown



Portfolio %

   New York

81.75%

   Puerto Rico

12.84%

   Florida

2.97%

   California

1.30%

   Colorado

0.37%

   Illinois

0.28%

   Pennsylvania

0.26%

   Ohio

0.23%

   Total Investments

100.00%



       Credit Quality Breakdown



Portfolio %

       AAA

24.57%

       AAA(Pre-refunded Bonds)

24.83%

       AA

20.33%

       A

22.00%

       BBB

3.86%

       BB

1.08%

       Not Rated

3.33%

       Total Investments

100.00%



   Portfolio Statistics:


     AMT Percentage:

13.38%

     Average Coupon:

5.14%

     Percentage of Leverage:


       Bank Borrowing:

0.00%

       Investment Operations:

0.00%

       Preferred Stock:

37.05%

       Tender Option Bonds:

3.81%

       Term Asset-Backed Loans Facility (TALF):

0.00%

       Total Fund Leverage:

40.86%*

     Average Maturity:

5.42 Years

     Effective Duration:

3.80 Years

     Total Net Assets:

$110.13 Million**

     Common Stock Net Asset Value:

$14.36

     Number of Holdings:

66



* The total percentage of leverage constitutes 3.81% through the use of tender option bonds, 37.05% 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.



RELATED LINKS

http://www.alliancebernstein.com