Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

Alliance New York Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) New York St Mortgage Agy SFMR    (New York St Mortgage Agy)    Series 01-29    5.45%,    4/01/31

7.49%

2) Metropolitan Trnsp Auth NY   Series 02A    5.125%,    11/15/31

4.96%

3) New York St UDC   Series 02A    5.25%,    3/15/32    (Prerefunded/ETM)

4.86%

4) New York NY GO    Series 01B    5.50%,    12/01/31  (Prerefunded/ETM)

4.82%

5) New York St Dormitory Auth    (Maimonides Med Ctr)    NPFGC Series 04    5.75%,    8/01/29

4.75%

6) New York NY Mun Wtr Fin Auth    Series 02A    5.125%,    6/15/34

4.62%

7) New York NY Trst for Cult Res    (Museum of Modern Art)    AMBAC Series 01D    5.125%,    7/01/31

4.62%

8) Tobacco Settlement Fin Corp. NY    (New York St Lease Tobacco Asset Sec)     AMBAC Series 03A-1    5.25%,    6/01/21

3.86%

9) Puerto Rico Sales Tax Fin Corp.    5.50%,    8/01/28

3.73%

10) Puerto Rico Hwy & Trnsp Auth    Series 02D    5.375%,    7/01/36 (Prerefunded/ETM)

3.19%

Sector/Industry Breakdown

Portfolio %

Prerefunded/ETM

25.12%

Special Tax

10.15%

Water & Sewer

9.42%

Housing - Single Family

8.90%

Health Care - Not-for-Profit

8.43%

Toll Roads/Transit

6.66%

Tax-Supported State Lease

5.70%

Revenue - Miscellaneous

5.54%

Higher Education - Private

3.95%

Housing - Multi-Family

2.98%

Assessment District

2.35%

State G.O.

2.34%

Electric Utility

1.99%

Senior Living

1.81%

Local G.O.

1.71%

Insured

1.19%

Industrial Development - Airline

0.99%

Health Care - Municipal

0.28%

Primary/Secondary Ed. - Private

0.26%

Industrial Development - Utility

0.23%

Total

100.00%

State Breakdown

Portfolio %

New York

81.75%

Puerto Rico

12.87%

Florida

3.01%

California

1.25%

Colorado

0.37%

Illinois

0.28%

Pennsylvania

0.24%

Ohio

0.23%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

24.44%

AAA(Pre-refunded Bonds)

25.12%

AA

20.31%

A

16.03%

BBB

9.69%

BB

1.05%

Not Rated

3.36%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

13.28%

Average Coupon:

5.09%

Percentage of Leverage:

   Bank Borrowing:

0.00%

   Investment Operations:

0.00%

   Preferred Stock:

37.58%

   Tender Option Bonds:

3.87%

   Term Asset-Backed Loans Facility (TALF):

0.00%

   Total Fund Leverage:

41.45%*

Average Maturity:

7.18 Years

Effective Duration:

4.83 Years

Total Net Assets:

$108.56 Million**

Common Stock Net Asset Value:

$14.03

Number of Holdings:

66