Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Nov. 30  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of October 31, 2006.

              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)                 4.81%
  4)   New York NY Go Pre Re 5.500% (12/01/31)                         4.63%
  5)   New York State UDC 5.250% (03/15/32)                            4.59%
  6)   NYC Trust Cultural Resources 5.125% (07/01/31)                  4.49%
  7)   NYC Muni Wtr Fin Auth 5.125% (06/15/34)                         4.45%
  8)   Trib Brdg & Tunl Auth NY Gen P 5.000% (01/01/32)                3.84%
  9)   Tobacco Settlement NY AMBAC As 5.250% (06/01/21)                3.65%
  10)  Puerto Rico Hwy 5.375% (07/01/36)                               3.01%

       Sector/Industry Breakdown
                                             Portfolio%
       Muni:
         Hospital/Health Care                    18.46%
         Transportation                          14.70%
         General Obligation                      12.79%
         Housing-Mortgages                       11.10%
         Special Tax                              9.49%
         Water/SWR                                6.23%
         Higher Education                         5.93%
         Cop/Lease Rental                         3.65%
         Corporate -- Utility (Electric)          3.37%
         Housing-Rental Units                     2.94%
         Continuing Care Facility                 2.19%
         Community Facility                       2.10%
         Assessment District                      1.78%
         Utility                                  1.71%
         Airport Facility                         1.08%
         Housing                                  0.58%
         Miscellaneous                            0.46%
         Resource Recovery/Solid Waste            0.26%
         SUBTOTAL                                98.82%
       Short-term                                 1.18%
       Total                                    100.00%

       State Breakdown
                                     Portfolio%
       New York                          83.03%
       Puerto Rico                        8.22%
       Florida                            3.43%
       Arizona                            2.98%
       California                         0.88%
       Illinois                           0.75%
       Colorado                           0.45%
       Ohio                               0.26%
       Total                            100.00%

       Credit Quality Breakdown
                                     Portfolio%
       AAA                               59.25%
       AA                                20.23%
       A                                  9.44%
       BBB                                8.63%
       BB                                 2.45%
       Total                            100.00%

  Portfolio Statistics
  Percentage of Leverage:
       Bank Loans:                      0%
       Investment Operations:           0.09%
       Preferred Stock:                 37.63%
  Total:                                37.72%*

  Avg. Maturity:                        22.17 Years
  Duration:                             4.29 Years
  Total Net Assets:                     $119.5 Million
  Net Asset Value:                      $15.43
  Number of Holdings:                   52

  * The total percentage of leverage constitutes 37.63% in issued and
    outstanding preferred stock and 0.09% 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 AllianceBernstein L.P. 

DATASOURCE: Alliance New York Municipal Income Fund, Inc.



CONTACT:  Shareholder Contact, [phone]



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

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