Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Jan 26, 2010, 16:50 ET from Alliance New York Municipal Income Fund, Inc.

NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of December 31, 2009.

Alliance New York Municipal Income Fund, Inc.


    Top 10 Fixed-Income Holdings

                                                           Portfolio %
        1)New York St Mortgage Agy SFMR (New York St             9.63%
          Mortgage Agy) Series 01-29 5.45%, 4/01/31
        2)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.90%
          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              4.78%
          (Prerefunded/ETM)
        5)New York St Dormitory Auth (Maimonides Med             4.65%
          Ctr) NPFGC Series 04 5.75%, 8/01/29
        6)New York NY Mun Wtr Fin Auth Series 02A                4.46%
          5.125%, 6/15/34
        7)New York NY Trst for Cult Res (Museum of               4.45%
          Modern Art) AMBAC Series 01D 5.125%, 7/01/31
        8)Tobacco Settlement Fin Corp. NY (New York St           3.67%
          Lease Tobacco Asset Sec) AMBAC Series 03A-1
          5.25%, 6/01/21
        9)Puerto Rico GO 5.50%, 8/01/28                          3.67%
       10)Puerto Rico Hwy & Trnsp Auth Series 02D                3.15%
          5.375%, 7/01/36 (Prerefunded/ETM)


       Sector/Industry Breakdown
                                                          Portfolio %
            Prerefunded/ETM                                    25.50%
            Health Care - Not-for-Profit                       12.53%
            Housing - Single Family                            11.12%
            Water & Sewer                                       7.93%
            Special Tax                                         7.12%
            Toll Roads/Transit                                  5.57%
            Revenue - Miscellaneous                             4.45%
            Money Market                                        4.27%
            Tax-Supported State Lease                           3.67%
            Housing - Multi-Family                              2.92%
            Higher Education - Private                          2.83%
            State G.O.                                          2.21%
            Assessment District                                 2.17%
            Industrial Development - Airline                    2.11%
            Local G.O.                                          1.98%
            Electric Utility                                    1.90%
            Insured                                             1.16%
            Primary/Secondary Ed. - Private                     0.30%
            Health Care - Municipal                             0.26%
            Total                                             100.00%


            State Breakdown
                                                          Portfolio %
            New York                                           82.20%
            Puerto Rico                                        12.69%
            Florida                                             2.88%
            California                                          1.20%
            Colorado                                            0.32%
            Pennsylvania                                        0.24%
            Illinois                                            0.24%
            Ohio                                                0.23%
            Total                                             100.00%



                 Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        51.98%
                    AA                                         19.61%
                    A                                          20.61%
                    BBB                                         4.07%
                    BB                                          2.89%
                    B                                           0.84%
                    Total Investments                         100.00%

         Portfolio Statistics:
              AMT Percentage:                16.92%
              Average Coupon:                 5.00%
              Percentage of Leverage:
                 Bank Loans:                  0.00%
                 Investment Operations:       3.25%
                 Preferred Stock:            26.05%
              Total:                         29.30%*

              Avg. Maturity:                 6.51 Years
              Duration:                      4.35 Years
              Total Net Assets:              $110.7 Million
              Net Asset Value:               $14.49
              Number of Holdings:            64

* The total percentage of leverage constitutes 26.05% in issued and outstanding preferred stock and 3.25% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

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.