Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, March 26 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of February 28, 2010.

    
    
                Alliance New York Municipal Income Fund, Inc.
    
           Top 10 Fixed-Income Holdings
    
                                                           Portfolio %
        1)New York St Mortgage Agy SFMR (New York St             9.58%
          Mortgage Agy) Series 01-29 5.45%, 4/01/31
        2)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.84%
          11/15/31
        3)New York St UDC Series 02A 5.25%, 3/15/32              4.76%
          (Prerefunded/ETM)
        4)New York NY GO Series 01B 5.50%, 12/01/31              4.72%
          (Prerefunded/ETM)
        5)New York St Dormitory Auth (Maimonides Med             4.61%
          Ctr) NPFGC Series 04 5.75%, 8/01/29
        6)New York NY Mun Wtr Fin Auth Series 02A                4.46%
          5.125%, 6/15/34
        7)New York NY Trst for Cult Res (Museum of               4.43%
          Modern Art) AMBAC Series 01D 5.125%, 7/01/31
        8)Tobacco Settlement Fin Corp. NY (New York St           3.70%
          Lease Tobacco Asset Sec) AMBAC Series 03A-1
          5.25%, 6/01/21
        9)Puerto Rico GO 5.50%, 8/01/28                          3.61%
       10)Puerto Rico Hwy & Trnsp Auth Series 02D                3.12%
          5.375%, 7/01/36 (Prerefunded/ETM)
    
    
       Sector/Industry Breakdown
                                                          Portfolio %
            Prerefunded/ETM                                    25.22%
            Health Care - Not-for-Profit                       12.39%
            Housing - Single Family                            11.05%
            Water & Sewer                                       7.92%
            Special Tax                                         7.06%
            Toll Roads/Transit                                  5.51%
            Money Market                                        4.61%
            Revenue - Miscellaneous                             4.43%
            Tax-Supported State Lease                           3.70%
            Higher Education - Private                          3.02%
            Housing - Multi-Family                              2.91%
            State G.O.                                          2.22%
            Assessment District                                 2.18%
            Industrial Development - Airline                    2.18%
            Local G.O.                                          1.99%
            Electric Utility                                    1.91%
            Insured                                             1.15%
            Primary/Secondary Ed. - Private                     0.30%
            Health Care - Municipal                             0.25%
            Total                                             100.00
    
    
            State Breakdown
                                                          Portfolio %
            New York                                           82.31%
            Puerto Rico                                        12.58%
            Florida                                             2.87%
            California                                          1.20%
            Colorado                                            0.33%
            Pennsylvania                                        0.24%
            Illinois                                            0.24%
            Ohio                                                0.23%
            Total                                             100.00%
    
    
                 Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        51.60%
                    AA                                         19.59%
                    A                                          20.38%
                    BBB                                         4.33%
                    BB                                          2.90%
                    B                                           0.85%
                    A-1                                         0.35%
                    Total Investments                         100.00
    
         Portfolio Statistics:
              AMT Percentage:                17.1%           
              Average Coupon:                 5.1%
              Percentage of Leverage:
                 Bank Loans:                  0.00%
                 Investment Operations:       0.63%
                 Preferred Stock:            28.69%
              Total:                         29.32%*
    
              Avg. Maturity:                 6.21 Years
              Duration:                      4.20 Years 
              Total Net Assets:              $110.9 Million
              Net Asset Value:               $14.52
              Number of Holdings:            66

* The total percentage of leverage constitutes 28.69% in issued and outstanding preferred stock and 0.63% 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.  

SOURCE Alliance New York Municipal Income Fund, Inc.