Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Alliance New York Municipal Income Fund Releases Monthly
Portfolio Update 


New York, Nov. 29  /PRNewswire-FirstCall/ -- Alliance New York Municipal Income
Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update
as of October 31, 2004.

              Alliance New York Municipal Income Fund, Inc.

        Top 10 Fixed-Income Holdings
                                                        Portfolio%
    1)  NYS Mtg Agy AMT 5.450% (04/01/31)                    9.57%
    2)  NY Metro Trans Auth 5.125% (11/15/31)                4.83%
    3)  New York State Dorm Auth MBIA 5.750% (08/01/29)      4.79%
    4)  NYC Trust Cultural Resources 5.125% (07/01/31)       4.44%
    5)  New York State UDC 5.250% (03/15/32)                 4.42%
    6)  NYC Muni Wtr Fin Auth 5.125% (06/15/34)              4.41%
    7)  Trib Brdg & Tunl Auth NY 5.000% (01/01/32)           4.36%
    8)  Tobacco Settlement NY AMBAC As 5.250% (06/01/21)     3.70%
    9)  New York NY Go Pre Re 5.500% (12/01/31)              3.46%
   10)  Suffolk Cnty NY Ser 98 AMT 5.500% (01/01/23)         3.06%

   Industry/Sector Breakdown
                                    Portfolio%
   Hospital/Health Care                 18.30%
   Transportation                       14.29%
   Housing-Mortgages                    11.15%
   General Obligation                   10.90%
   Special Tax                           9.93%
   Water/SWR                             6.17%
   Higher Education                      5.93%
   Corporate - Utility (Electric)        5.81%
   Cop/Lease Rental                      3.70%
   Housing-Rental Units                  2.94%
   Continuing Care Facility              2.38%
   Community Facility                    2.07%
   Utility                               1.58%
   Assessment District                   1.45%
   Airport Facility                      0.87%
   Short-term:                           2.53%
   Total:                              100.00%

   Bond Rating
                Portfolio%
   AAA              41.15%
   AA               24.27%
   A                22.75%
   BBB               3.43%
   BB                8.40%
   Total           100.00%

   Percentage of Leverage:
     Bank Loans:                 0%
     Investment Operations:      0.03%
     Preferred Stock:            38.52%
   Total:                        38.55%(*)

   Avg. Maturity:                23.52 Years
   Duration:                     10.16 Years
   Total Net Assets:             $117.9 Million
   Net Asset Value:              $15.10
   Number of Holdings:           47

   (*) The total percentage of leverage constitutes 38.52% in preferred
       stock, which represents issued and outstanding preferred stock, and
       0.03% 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: Shareholders of Alliance New York Municipal Income Fund, Inc.,

1-800-221-5672 



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

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