Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

  Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Oct. 31, 2012

NEW YORK, Oct. 31, 2012 /PRNewswire/ --Alliance New York Municipal Income
Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio
update as of September 30, 2012.

Alliance New York Municipal Income Fund, Inc.


Top 10 Fixed-Income Holdings
                                                             Portfolio %
1) Port Authority of NY & NJ 5.00%,                    4.97%
10/01/27
2) Metropolitan Trnsp Auth NYSeries 02A5.125%,       4.75%
11/15/31
3) New York StDormitory Auth (Maimonides MedCtr)
  NPFGC Series 04 5.75%,                      4.57%
8/01/29
4) Erie Cnty NY Fiscal Stability Auth (Erie CntyNy Sales
Tax)                                                         4.18%
  Series 2011C 5.00%, 12/01/25
5) New York StThruway Auth (New York St ThruwayAuth
  Ded Tax) Series 2011A 5.00%,                4.14%
4/01/25
6) Puerto Rico Sales Tax Fin Corp.Series 2009A         3.84%
 5.50%, 8/01/28
7) Tobacco Settlement Fin Corp. NY (New York StLease
 Tobacco Asset Sec) AMBAC Series 03A-1         3.55%
5.25%, 6/01/21
8) New York St Envrn Fac Corp.5.00%,                 3.23%
8/15/24
9) New York StThruway Auth (New York St PersIncome Tax) 3.12%
 Series 2011A 5.00%, 3/15/26
10) New York NY Trnsl Fin AuthSeries 2002B 5.00%,       3.09%
2/01/27
Sector/Industry Breakdown
                                                             Portfolio %
Tax Supported
Special Tax                                                  32.13%
Local G.O.                                                   12.55%
Tax-Supported State Lease                                    7.34%
State G.O.                                                   2.35%
Assessment District                                          0.42%
SUBTOTAL                                                     54.79%
Revenue
Water & Sewer                                                10.43%
Toll Roads/Transit                                           9.15%
Health Care - Not-for-Profit                                 8.48%
Airport                                                      4.97%
Higher Education - Private                                   3.65%
Electric Utility                                             1.98%
Senior Living                                                1.70%
Industrial Development - Utility                             0.21%
Industrial Development - Airline                             0.18%
SUBTOTAL                                                     40.75%
Asset-Backed
Housing - Multi-Family                                       1.81%
Housing - Single Family                                      1.23%
SUBTOTAL                                                     3.04%
Prerefunded/ETM                                              0.94%
Cash Equivalents
Investment Companies                                         0.48%
SUBTOTAL                                                     0.48%
Total                                                        100.00%
State Breakdown
                                                             Portfolio %
New York                                                     91.15%
Puerto Rico                                                  6.59%
California                                                   0.88%
Colorado                                                     0.42%
Illinois                                                     0.27%
Ohio                                                         0.21%
Other                                                        0.48%
Total Investments                                            100.00%
Credit Quality Breakdown
                                                             Portfolio %
AAA                                                          28.72%
AA                                                           46.18%
A                                                            13.49%
BBB                                                          9.09%
Not Rated                                                    1.10%
Pre-refunded Bonds                                           0.94%
Short Term Investments                                       0.48%
Total Investments                                            100.00%
Portfolio Statistics:
AMT Percentage:                                              11.80%
Average Coupon:                                              5.37%
Percentage of Leverage:
Bank Borrowing:                                              0.00%
Investment Operations:                                       0.00%
Preferred Stock:                                             35.96%
Tender Option Bonds:                                         3.70%
Term Asset-Backed Loans Facility (TALF):                     0.00%
Total Fund Leverage:                                         39.66%*
Average Effective Maturity:                                  6.13 Years
Effective Duration:                                          5.29 Years
Total Net Assets:                                            $113.46 Million**
Common Stock Net Asset Value:                                $15.03
Number of Holdings:                                          65
Portfolio Turnover:                                          15%

* The total percentage of leverage constitutes 3.70% through the use of tender
option bonds, 35.96% 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.

Contact: Shareholder Contact: +1-800-221-5672