Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 23  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of July 31, 2005.

              Alliance New York Municipal Income Fund, Inc.

      Top 10 Fixed-Income Holdings
                                                    Portfolio%
   1) NYS Mtg Agy AMT 5.450% (04/01/31)                  9.61%
   2) NY Metro Trans Auth 5.125% (11/15/31)              4.91%
   3) New York State Dorm Auth MBIA 5.750% (08/01/29)    4.83%
   4) New York State UDC 5.250% (03/15/32)               4.69%
   5) NYC Trust Cultural Resources 5.125% (07/01/31)     4.47%
   6) NYC Muni Wtr Fin Auth 5.125% (06/15/34)            4.45%
   7) Trib Brdg & Tunl Auth NY 5.000% (01/01/32)         4.40%
   8) Tobacco Settlement NY AMBAC As 5.250% (06/01/21)   3.66%
   9) New York NY Go Pre Re 5.500% (12/01/31)            3.33%
  10) Suffolk Cnty NY Ser 98 AMT 5.500% (01/01/23)       3.18%

   Industry/Sector Breakdown
                             Portfolio%
   Hospital/Health Care          18.36%
   Transportation                14.58%
   General Obligation            12.82%
   Housing-Mortgages             11.15%
   Special Tax                    9.16%
   Water/SWR                      6.24%
   Corporate - Utility (Electric) 5.96%
   Higher Education               5.96%
   Cop/Lease Rental               3.66%
   Housing-Rental Units           2.93%
   Continuing Care Facility       2.27%
   Community Facility             2.05%
   Utility                        1.70%
   Assessment District            1.44%
   Airport Facility               0.88%
   Housing                        0.58%
   Resource Recovery/Solid Waste  0.26%
   Total:                       100.00%

   Credit Quality Breakdown
                      Portfolio%
   AAA                    44.46%
   AA                     23.30%
   A                      19.89%
   BBB                     6.39%
   BB                      5.96%
   Total                 100.00%

  Portfolio Statistics
   Percentage of Leverage:
    Bank Loans:            0%
    Investment Operations: 0.07%
    Preferred Stock:       37.67%
   Total:                  37.74%*

   Avg. Maturity:        23.51 Years
   Duration:             5.79 Years
   Total Net Assets:     $119.4 Million
   Net Asset Value:      $15.41
   Number of Holdings:   45


   * The total percentage of leverage constitutes 37.67% in preferred stock,
     which represents issued and outstanding preferred stock, and 0.07% 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.



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 Alliance Capital Management L. P. 

DATASOURCE: Alliance New York Municipal Income Fund, Inc.



CONTACT:  Shareholder Contact for Alliance New York Municipal Income

Fund, Inc., 1-800-221-5672



Web site:  http://www.alliancecapital.com/ 

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