NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of December 31, 2013.


                                                                                                                                                                                                                                                               
    Alliance New York Municipal Income Fund, Inc.
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Top 10 Fixed-Income Holdings
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  Portfolio %
                                                                                                                                                                                                                                                               
    1) Port Authority of NY & NJ 5.00%, 10/01/27                                                                                                                                                                                                         4.93%
                                                                                                                                                                                                                                                               
    2) New York St Dormitory Auth   NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM)                                                                                                                                                                     4.78%
                                                                                                                                                                                                                                                               
    3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30                                                                                                                                                                                  4.15%
                                                                                                                                                                                                                                                               
    4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax)  Series 2011C 5.00%, 12/01/25                                                                                                                                                         4.12%
                                                                                                                                                                                                                                                               
    5) New York NY GO Series 2013D 5.00%, 8/01/31                                                                                                                                                                                                        3.94%
                                                                                                                                                                                                                                                               
    6) New York St Thruway Auth (New York St Thruway Auth Ded Tax)  Series 2011A 5.00%, 4/01/31                                                                                                                                                          3.94%
                                                                                                                                                                                                                                                               
    7) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27                                                                                                                                                                                          3.08%
                                                                                                                                                                                                                                                               
    8) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26                                                                                                                                                                           3.05%
                                                                                                                                                                                                                                                               
    9) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30                                                                                                                                                                                            3.02%
                                                                                                                                                                                                                                                               
    10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27                                                                                                                                                                                           3.02%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Sector/Industry Breakdown
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  Portfolio %
                                                                                                                                                                                                                                                               
    Tax Supported
                                                                                                                                                                                                                                                               
    Special Tax                                                                                                                                                                                                                                         31.77%
                                                                                                                                                                                                                                                               
    Local G.O.                                                                                                                                                                                                                                           9.40%
                                                                                                                                                                                                                                                               
    Tax-Supported State Lease                                                                                                                                                                                                                            2.01%
                                                                                                                                                                                                                                                               
    Tax-Supported Local Lease                                                                                                                                                                                                                            1.95%
                                                                                                                                                                                                                                                               
    State G.O.                                                                                                                                                                                                                                           1.38%
                                                                                                                                                                                                                                                               
    Assessment District                                                                                                                                                                                                                                  0.42%
                                                                                                                                                                                                                                                               
    SUBTOTAL                                                                                                                                                                                                                                            46.93%
                                                                                                                                                                                                                                                               
    Revenue
                                                                                                                                                                                                                                                               
    Toll Roads/Transit                                                                                                                                                                                                                                   8.99%
                                                                                                                                                                                                                                                               
    Water & Sewer                                                                                                                                                                                                                                        8.21%
                                                                                                                                                                                                                                                               
    Health Care - Not-for-Profit                                                                                                                                                                                                                         5.82%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Revenue - Miscellaneous                                                                                                                                                                                                                              5.44%
                                                                                                                                                                                                                                                               
    Airport                                                                                                                                                                                                                                              4.93%
                                                                                                                                                                                                                                                               
    Higher Education - Private                                                                                                                                                                                                                           3.65%
                                                                                                                                                                                                                                                               
    Senior Living                                                                                                                                                                                                                                        3.23%
                                                                                                                                                                                                                                                               
    Electric Utility                                                                                                                                                                                                                                     1.38%
                                                                                                                                                                                                                                                               
    Industrial Development - Industry                                                                                                                                                                                                                    0.44%
                                                                                                                                                                                                                                                               
    Industrial Development - Utility                                                                                                                                                                                                                     0.20%
                                                                                                                                                                                                                                                               
    SUBTOTAL                                                                                                                                                                                                                                            42.29%
                                                                                                                                                                                                                                                               
    Prerefunded/ETM                                                                                                                                                                                                                                      5.49%
                                                                                                                                                                                                                                                               
    Cash Equivalents
                                                                                                                                                                                                                                                               
    Investment Companies                                                                                                                                                                                                                                 3.34%
                                                                                                                                                                                                                                                               
    SUBTOTAL                                                                                                                                                                                                                                             3.34%
                                                                                                                                                                                                                                                               
    Asset-Backed
                                                                                                                                                                                                                                                               
    Housing - Multi-Family                                                                                                                                                                                                                               1.95%
                                                                                                                                                                                                                                                               
    SUBTOTAL                                                                                                                                                                                                                                             1.95%
                                                                                                                                                                                                                                                               
    Total                                                                                                                                                                                                                                              100.00%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    State Breakdown
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  Portfolio %
                                                                                                                                                                                                                                                               
    New York                                                                                                                                                                                                                                            91.31%
                                                                                                                                                                                                                                                               
    Puerto Rico                                                                                                                                                                                                                                          4.13%
                                                                                                                                                                                                                                                               
    Colorado                                                                                                                                                                                                                                             0.42%
                                                                                                                                                                                                                                                               
    Illinois                                                                                                                                                                                                                                             0.41%
                                                                                                                                                                                                                                                               
    Ohio                                                                                                                                                                                                                                                 0.20%
                                                                                                                                                                                                                                                               
    California                                                                                                                                                                                                                                           0.19%
                                                                                                                                                                                                                                                               
    Other                                                                                                                                                                                                                                                3.34%
                                                                                                                                                                                                                                                               
    Total Investments                                                                                                                                                                                                                                  100.00%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Credit Quality Breakdown
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  Portfolio %
                                                                                                                                                                                                                                                               
    AAA                                                                                                                                                                                                                                                 20.87%
                                                                                                                                                                                                                                                               
    AA                                                                                                                                                                                                                                                  50.99%
                                                                                                                                                                                                                                                               
    A                                                                                                                                                                                                                                                   13.41%
                                                                                                                                                                                                                                                               
    BBB                                                                                                                                                                                                                                                  3.84%
                                                                                                                                                                                                                                                               
    BB                                                                                                                                                                                                                                                   0.81%
                                                                                                                                                                                                                                                               
    Not Rated                                                                                                                                                                                                                                            1.25%
                                                                                                                                                                                                                                                               
    Pre-refunded Bonds                                                                                                                                                                                                                                   5.49%
                                                                                                                                                                                                                                                               
    Short Term Investments                                                                                                                                                                                                                               3.34%
                                                                                                                                                                                                                                                               
    Total Investments                                                                                                                                                                                                                                  100.00%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Bonds By Maturity
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  Portfolio %
                                                                                                                                                                                                                                                               
    Less than 1 year                                                                                                                                                                                                                                     8.13%
                                                                                                                                                                                                                                                               
    1 to 5 years                                                                                                                                                                                                                                         0.67%
                                                                                                                                                                                                                                                               
    5 to 10 years                                                                                                                                                                                                                                        9.86%
                                                                                                                                                                                                                                                               
    10 to 20 years                                                                                                                                                                                                                                      72.66%
                                                                                                                                                                                                                                                               
    20 to 30 years                                                                                                                                                                                                                                       8.68%
                                                                                                                                                                                                                                                               
    More than 30 years                                                                                                                                                                                                                                   0.00%
                                                                                                                                                                                                                                                               
    Other                                                                                                                                                                                                                                                0.00%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Total Investments                                                                                                                                                                                                                                  100.00%
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
    Portfolio Statistics:
                                                                                                                                                                                                                                                               
    AMT Percentage:                                                                                                                                                                                                                                      7.66%
                                                                                                                                                                                                                                                               
    Average Coupon:                                                                                                                                                                                                                                      5.15%
                                                                                                                                                                                                                                                               
    Percentage of Leverage:
                                                                                                                                                                                                                                                               
    Bank Borrowing:                                                                                                                                                                                                                                      0.00%
                                                                                                                                                                                                                                                               
    Investment Operations:                                                                                                                                                                                                                               0.00%
                                                                                                                                                                                                                                                               
    Preferred Stock:                                                                                                                                                                                                                                    38.90%
                                                                                                                                                                                                                                                               
    Tender Option Bonds:                                                                                                                                                                                                                                 4.00%
                                                                                                                                                                                                                                                               
    Term Asset-Backed Loans Facility (TALF):                                                                                                                                                                                                             0.00%
                                                                                                                                                                                                                                                               
    Total Fund Leverage:                                                                                                                                                                                                                              42.90%*
                                                                                                                                                                                                                                                               
    Average Effective Maturity:                                                                                                                                                                                                                    7.53 Years
                                                                                                                                                                                                                                                               
    Effective Duration:                                                                                                                                                                                                                            6.24 Years
                                                                                                                                                                                                                                                               
    Total Net Assets:                                                                                                                                                                                                                       $104.90 Million**
                                                                                                                                                                                                                                                               
    Common Stock Net Asset Value:                                                                                                                                                                                                                      $13.25
                                                                                                                                                                                                                                                               
    Number of Holdings:                                                                                                                                                                                                                                    66
                                                                                                                                                                                                                                                               
    Portfolio Turnover:                                                                                                                                                                                                                                    35%
                                                                                                                                                                                                                                                               
    * The total percentage of leverage constitutes 4.00% through the use of tender option bonds, 38.90% 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.