Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 30  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE:AYN) (the "Fund") today released its monthly portfolio update as of November 30, 2009.

  Alliance New York Municipal Income Fund, Inc.


     Top 10 Fixed-Income Holdings
                                                         Portfolio %
      1)New York St Mortgage Agy SFMR (New York St             9.64%
        Mortgage Agy) Series 01-29 5.45%, 4/01/31
      2)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.87%
        11/15/31
      3)New York St UDC Series 02A 5.25%, 3/15/32              4.84%
        (Prerefunded/ETM)
      4)New York NY GO Series 01B 5.50%, 12/01/31              4.80%
        (Prerefunded/ETM)
      5)New York St Dormitory Auth (Maimonides Med             4.65%
        Ctr) MBIA Series 04 5.75%, 8/01/29
      6)New York NY Mun Wtr Fin Auth Series 02A                4.45%
        5.125%, 6/15/34
      7)New York NY Trst for Cult Res (Museum of               4.45%
        Modern Art) AMBAC Series 01D 5.125%, 7/01/31
      8)Tobacco Settlement Fin Corp. NY (New York St           3.68%
        Lease Tobacco Asset Sec) AMBAC Series 03A-1
        5.25%, 6/01/21
      9)Puerto Rico GO 5.50%, 8/01/28                          3.58%
     10)Puerto Rico Hwy & Trnsp Auth Series 02D                3.16%
        5.375%, 7/01/36 (Prerefunded/ETM)


     Sector/Industry Breakdown
                                                        Portfolio %
          Prerefunded/ETM                                    25.62%
          Health Care - Not-for-Profit                       12.53%
          Housing - Single Family                            11.12%
          Water & Sewer                                       7.92%
          Special Tax                                         7.00%
          Toll Roads/Transit                                  5.54%
          Revenue - Miscellaneous                             4.45%
          Money Market                                        4.27%
          Tax-Supported State Lease                           4.20%
          Housing - Multi-Family                              2.91%
          Higher Education - Private                          2.83%
          Assessment District                                 2.17%
          Industrial Development - Airline                    2.11%
          Local G.O.                                          1.99%
          Electric Utility                                    1.93%
          State G.O.                                          1.69%
          Insured                                             1.16%
          Primary/Secondary Ed. - Private                     0.30%
          Health Care - Municipal                             0.26%
          Total                                             100.00%


          State Breakdown
                                                        Portfolio %
          New York                                           82.28%
          Puerto Rico                                        12.63%
          Florida                                             2.88%
          California                                          1.19%
          Colorado                                            0.33%
          Pennsylvania                                        0.24%
          Ohio                                                0.23%
          Illinois                                            0.22%
          Total                                             100.00%



               Credit Quality Breakdown
                                                        Portfolio %
                  AAA                                        52.09%
                  AA                                         19.63%
                  A                                          20.49%
                  BBB                                         4.08%
                  BB                                          2.87%
                  B                                           0.84%
                  Total Investments                         100.00%

       Portfolio Statistics:
            AMT Percentage:                17.00%
            Average Coupon:                 5.00%
            Percentage of Leverage:
               Bank Loans:                  0.00%
               Investment Operations:       3.52%
               Preferred Stock:            26.03%
            Total:                         29.55%*

            Avg. Maturity:                 6.74 Years
            Duration:                      4.50 Years
            Total Net Assets:              $110.4 Million
            Net Asset Value:               $14.42
            Number of Holdings:            64



* The total percentage of leverage constitutes 26.03% in issued and outstanding preferred stock and 3.52% 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, 1-800-221-5672

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