NEW YORK, Jan. 25, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of December 31, 2011. 


                             Alliance New York Municipal Income Fund, Inc.

    Top 10 Fixed-Income Holdings                                                 Portfolio %

    1) New York St Mortgage Agy SFMR (New York St                                       7.20%
        Mortgage Agy) Series 01-29 5.45%, 4/01/31
    2) Metropolitan Trnsp Auth NY   Series 02A                                          4.90%
        5.125%,  11/15/31
    3) New York St Dormitory Auth (Maimonides Med                                       4.63%
        Ctr) NPFGC Series 04  5.75%,  8/01/29
    4) New York NY Mun Wtr Fin Auth   Series 02A                                        4.39%
        5.125%,  6/15/34
    5) New York St UDC   Series 02A  5.25%,
     3/15/32                                                                            4.37%
        (Prerefunded/ETM)
    6) New York NY Trst for Cult Res (Museum Of                                         4.36%
        Modern Art) AMBAC Series 01D  5.125%,
         7/01/31
    7) Erie Cnty NY Fiscal Stability Auth (Erie
     Cnty                                                                               4.07%
        NY Sales Tax)   Series 2011C 5.00%,  12/01/25
    8) New York St Thruway Auth (New York St
     Thruway                                                                            4.03%
        Auth Ded Tax)   Series 2011A 5.00%,  4/01/25
    9) Puerto Rico Sales Tax Fin Corp.   Series
     2009A                                                                              3.75%
        5.50%,  8/01/28
    10) Tobacco Settlement Fin Corp. NY (New York
     St                                                                                 3.68%
        Lease Tobacco Asset Sec) AMBAC Series 03A-1
        5.25%,  6/01/21

    Sector/Industry Breakdown                                                    Portfolio %

    Revenue
        Water & Sewer                                                                   9.12%
        Health Care - Not-for-Profit                                                    8.35%
        Toll Roads/Transit                                                              8.12%
        Revenue - Miscellaneous                                                         4.36%
        Higher Education - Private                                                      2.67%
        Electric Utility                                                                1.99%
        Senior Living                                                                   1.69%
        Industrial Development - Airline                                                0.92%
        Industrial Development - Utility                                                0.21%
    SUBTOTAL                                                                           37.43%
    Tax Supported
        Special Tax                                                                    22.03%
        Tax-Supported State Lease                                                       5.41%
        Local G.O.                                                                      4.70%
        State G.O.                                                                      2.37%
        Assessment District                                                             1.27%
    SUBTOTAL                                                                           35.78%
    Prerefunded/ETM                                                                    13.88%
    Asset-Backed
        Housing - Single Family                                                         8.47%
        Housing - Multi-Family                                                          2.90%
    SUBTOTAL                                                                           11.37%
    Cash Equivalents
        Investment Companies                                                            1.54%
    SUBTOTAL                                                                            1.54%
    Total                                                                             100.00%

    State Breakdown                                                              Portfolio %

    New York                                                                           83.67%
    Puerto Rico                                                                        12.15%
    Florida                                                                             0.90%
    California                                                                          0.89%
    Colorado                                                                            0.37%
    Illinois                                                                            0.27%
    Ohio                                                                                0.21%
    Other                                                                               1.54%
    Total Investments                                                                 100.00%

          Credit Quality Breakdown                                               Portfolio %
              AAA                                                                      24.94%
              AA                                                                       33.25%
              A                                                                        13.24%
              BBB                                                                      10.49%
              BB                                                                        0.73%
              Not Rated                                                                 1.93%
              Pre-refunded Bonds                                                       13.88%
              Short Term Investments                                                    1.54%
              Total Investments                                                       100.00%

    Portfolio Statistics:
        AMT Percentage:                                                                15.89%
        Average Coupon:                                                                 5.39

        Percentage of Leverage:
          Bank Borrowing:                                                               0.00%
          Investment Operations:                                                        0.00%
          Preferred Stock:                                                             36.57%
          Tender Option Bonds:                                                          3.76%
          Term Asset-Backed Loans Facility (TALF):                                      0.00%
          Total Fund Leverage:                                                       40.33%*
        Average Maturity:                                                         3.50 Years
        Effective Duration:                                                       3.18 Years
        Total Net Assets:                                                  $111.56 Million**
        Common Stock Net Asset Value:                                                 $14.66
        Number of Holdings:                                                               62

* The total percentage of leverage constitutes 3.76% through the use of tender option bonds, 36.57% in issued and outstanding preferred
stock and 0.00% 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.

** Includes 40,800,000 of preferred stock at liquidation value.

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.

SOURCE Alliance New York Municipal Income Fund, Inc.