Alliance New York Municipal Income Fund, Inc. Reports Second Quarter Earnings

NEW YORK, June 26  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE:AYN), a registered closed-end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2009.

Total net assets of the Fund* on April 30, 2009 were $107,179,743, as compared with $105,071,896 on January 31, 2009 and $115,388,887 on April 30, 2008.  On April 30, 2009, the net asset value per share of common stock was $13.75 based on 4,826,667 shares of common stock outstanding.

                       April 30, 2009   January 31, 2009    April 30, 2008
                       --------------   ----------------    --------------
  Total Net Assets       $107,179,743       $105,071,896      $115,388,887
  NAV Per Share                $13.75             $13.32            $14.58
  Shares Outstanding        4,826,667          4,826,667         4,826,667



For the period February 1, 2009 through April 30, 2009, total net investment income was $1,148,986 or $0.24 per share of common stock.  The total net realized and unrealized gain was $1,968,094 or $0.41 per share of common stock for the same period.

                        Second Quarter     First Quarter   Second Quarter
                                 Ended             Ended            Ended
                        April 30, 2009  January 31, 2009   April 30, 2008
                        --------------  ----------------   --------------
  Total Net Investment
   Income                   $1,148,986        $1,206,284       $1,182,734
  Per Share                      $0.24             $0.25            $0.25
  Total Net Realized/
   Unrealized Gain/(Loss)   $1,968,094        $2,383,112      ($2,055,929)
  Per Share                      $0.41             $0.49           ($0.43)



* Total net assets include assets attributable to both common and preferred shares.

Alliance New York Municipal Income Fund, Inc. is managed by AllianceBernstein L.P. 

DATASOURCE: Alliance New York Municipal Income Fund, Inc.



CONTACT:  Shareholder Contact, 1-800-221-5672, for Alliance New York

Municipal Income Fund, Inc.

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