Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Mar 29, 2011, 16:06 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, March 29, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of February 28, 2011.

Alliance New York Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) New York St Mortgage Agy SFMR (New York St Mortgage Agy)       Series 01-29    5.45%,    4/01/31

7.58%

2) Metropolitan Trnsp Auth NY    Series 02A    5.125%,    11/15/31

5.07%

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

4.84%

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

4.78%

5) New York St Dormitory Auth    (Maimonides Med Ctr) NPFGC    Series 04    5.75%,    8/01/29

4.78%

6) New York NY Trst for Cult Res  (Museum of Modern Art)    AMBAC Series 01D    5.125%,    7/01/31

4.63%

7) New York NY Mun Wtr Fin Auth    Series 02A    5.125%,    6/15/34

4.61%

8) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec)    AMBAC Series 03A-1    5.25%,    6/01/21

3.82%

9) Puerto Rico Sales Tax Fin Corp.    5.50%,    8/01/28

3.67%

10) Puerto Rico Hwy & Trnsp Auth    Series 02D    5.375%,    7/01/36 (Prerefunded/ETM)

3.18%

Sector/Industry Breakdown

Portfolio %

Prerefunded/ETM

24.99%

Special Tax

10.15%

Water & Sewer

9.43%

Housing - Single Family

8.99%

Health Care - Not-for-Profit

8.40%

Toll Roads/Transit

6.75%

Tax-Supported State Lease

5.67%

Revenue - Miscellaneous

5.56%

Higher Education - Private

3.92%

Housing - Multi-Family

2.99%

State G.O.

2.37%

Assessment District

2.34%

Electric Utility

2.01%

Senior Living

1.80%

Local G.O.

1.72%

Insured

1.19%

Industrial Development - Airline

0.98%

Health Care - Municipal

0.27%

Primary/Secondary Ed. - Private

0.24%

Industrial Development - Utility

0.23%

Total

100.00%

State Breakdown

Portfolio %

New York

81.82%

Puerto Rico

12.78%

Florida

2.99%

California

1.30%

Colorado

0.37%

Illinois

0.28%

Ohio

0.23%

Pennsylvania

0.23%

Total Investments

100.00%

   Credit Quality Breakdown

Portfolio %

   AAA

25.07%

   AAA(Pre-refunded Bonds)

24.98%

   AA

20.36%

   A

15.60%

   BBB

9.64%

   BB

1.03%

   Not Rated

3.32%

   Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

13.39%

Average Coupon:

5.15%

Percentage of Leverage:

   Bank Borrowing:

0.00%

   Investment Operations:

0.00%

   Preferred Stock:

37.57%

   Tender Option Bonds:

3.87%

   Term Asset-Backed Loans Facility (TALF):

0.00%

   Total Fund Leverage:

41.44%*

Average Maturity:

6.55 Years

Effective Duration:

4.47 Years

Total Net Assets:

$108.6 Million**

Common Stock Net Asset Value:

$14.04

Number of Holdings:

66

* The total percentage of leverage constitutes 3.87% through the use of tender option bonds, 37.57% 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.