Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Alliance New York Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) New York St Mortgage Agy SFMR  (New York St

7.25%

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

2) Metropolitan Trnsp Auth NY  Series 02A

4.83%

    5.125%,  11/15/31

3) New York St Dormitory Auth  (Maimonides Med

4.58%

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

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

4.47%

   (Prerefunded/ETM)

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

4.46%

    5.125%,  6/15/34

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

4.40%

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

7) Erie Cnty NY Fiscal Stability Auth  (Erie Cnty

3.99%

    NY Sales Tax)   Series 2011C  5.00%,  12/01/25

8) New York St Thruway Auth  (New York St Thruway

3.95%

Auth Ded Tax)   Series 2011A  5.00%,  4/01/25

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

3.75%

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

3.71%

      Lease Tobacco Asset Sec) AMBAC Series 03A-1

      5.25%,    6/01/21

Sector/Industry Breakdown

Portfolio %

 Tax Supported

   Special Tax

22.12%

   Tax-Supported State Lease

5.45%

   Local G.O.

4.68%

   State G.O.

2.34%

   Assessment District

2.22%

SUBTOTAL

36.81%

Revenue

   Water & Sewer

9.22%

   Health Care - Not-for-Profit

8.21%

   Toll Roads/Transit

6.47%

   Revenue - Miscellaneous

5.32%

   Higher Education - Private

2.67%

   Electric Utility

1.97%

   Senior Living

1.72%

   Industrial Development - Airline

0.90%

   Industrial Development - Utility

0.22%

SUBTOTAL

36.70%

Prerefunded/ETM

13.50%

Asset-Backed

   Housing - Single Family

8.56%

   Housing - Multi-Family

2.91%

SUBTOTAL

11.47%

Note/VRDBs

   Money Market

1.31%

SUBTOTAL

1.31%

Cash Equivalents

   Investment Companies

0.21%

SUBTOTAL

0.21%

Total

100.00%

State Breakdown

Portfolio %

New York

83.49%

Puerto Rico

9.48%

Ohio

3.02%

Florida

1.85%

California

1.31%

Colorado

0.37%

Illinois

0.27%

Other

0.21%

Total Investments

100.00%

       Credit Quality Breakdown

Portfolio %

         AAA

24.98%

         AAA(Pre-refunded Bonds)

13.50%

         AA

32.84%

         A

12.69%

         BBB

10.83%

         BB

0.72%

         Short Term Investments

1.52%

         Not Rated

2.92%

         Total Investments

100.00%

Portfolio Statistics:

   AMT Percentage:

13.27%

   Average Coupon:

5.37

Percentage of Leverage:

   Bank Borrowing:

0.00%

   Investment Operations:

0.00%

   Preferred Stock:

36.89%

   Tender Option Bonds:

3.80%

   Term Asset-Backed Loans Facility (TALF):

0.00%

   Total Fund Leverage:

40.69%*

Average Maturity:

3.56 Years

Effective Duration:

3.92 Years

Total Net Assets:

$110.60 Million**

Common Stock Net Asset Value:

$14.46

Number of Holdings:

65

* The total percentage of leverage constitutes 3.80% through the use of tender option bonds, 36.89% 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.