Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, June 19  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE:AYN) (the "Fund") today released its monthly portfolio update as of May 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             9.57%
        Mortgage Agy) Series 01-29 5.45%, 4/01/31
      2)New York NY GO Series 01B 5.50%, 12/01/31              4.98%
        (Prerefunded)
      3)New York St UDC Series 02A 5.25%, 3/15/32              4.98%
        (Prerefunded)
      4)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.88%
        11/15/31
      5)New York St Dormitory Auth (Maimonides Med             4.60%
        Ctr) MBIA Series 04 5.75%, 8/01/29
      6)New York NY Trst for Cult Res (Museum of               4.56%
        Modern Art) AMBAC Series 01D 5.125%, 7/01/31
      7)New York NY Mun Wtr Auth Series 02A 5.125%,            4.51%
        6/15/34
      8)Triborough Brdg & Tunl Auth NY Series 01A 5            4.18%
        .00%, 1/01/32 (Prerefunded)
      9)Tobacco Settlement Fin Corp. NY (New York St           3.67%
        Tobacco Asset Sec) AMBAC Series 03A-1 5.25%,
        6/01/21
     10)Puerto Rico Hwy & Trnsp Auth Series 02D 5              3.24%
        .375%, 7/01/36 (Prerefunded)

     Sector/Industry Breakdown
                                                       Portfolio %
          Transportation                                    15.44%
          Hospital/Health Care                              15.14%
          Housing-Mortgages                                 11.07%
          Community Facility                                10.39%
          General Obligation                                 9.63%
          Water/SWR                                          8.43%
          Corporate - Utility (Electric)                     6.19%
          Education                                          4.28%
          Continuing Care Facility                           4.02%
          Miscellaneous                                      3.94%
          Housing-Rental Units                               2.91%
          Higher Education                                   2.78%
          Corporate - Utility (Water)                        2.11%
          Airport Facility                                   1.55%
          Assessment District                                0.95%
          COP/Lease Rental                                   0.52%
          Port Facility                                      0.38%
          Special Tax                                        0.27%
          Total                                            100.00%

          State Breakdown
                                                       Portfolio %
          New York                                          86.07%
          Puerto Rico                                        9.24%
          Florida                                            2.88%
          California                                         0.81%
          Colorado                                           0.28%
          Illinois                                           0.27%
          Ohio                                               0.23%
          Pennsylvania                                       0.22%
          Total                                            100.00%


               Credit Quality Breakdown
                                                       Portfolio %
                  AAA                                       54.33%
                  AA                                        25.96%
                  A                                         10.96%
                  BBB                                        3.95%
                  BB                                         2.86%
                  B                                          0.77%
                  A-1+                                       0.90%
                  A-1                                        0.27%
                  Total Investments                        100.00%

       Portfolio Statistics:
            AMT Percentage:                16.72%
            Average Coupon:                4.97%
            Percentage of Leverage:
               Bank Loans:                 0.00%
               Investment Operations:      3.83%
               Preferred Stock:            37.08%
            Total:                         40.91%*

            Avg. Maturity:                 7.42 Years
            Duration:                      4.71 Years
            Total Net Assets:              $108.1 Million
            Net Asset Value:               $13.95
            Number of Holdings:            65


* The total percentage of leverage constitutes 37.08% in issued and outstanding preferred stock and 3.83% 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. 

DATASOURCE: Alliance New York Municipal Income Fund, Inc.



CONTACT:  Shareholder Contact, [phone]

Copyright