NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of December 31, 2012.



                                                       Alliance New York Municipal Income Fund, Inc.

    Top 10 Fixed-Income Holdings
                                                                                                           Portfolio %
    1) Port Authority of NY & NJ   5.00%,   10/01/27                                                              5.03%
    2) New York St Dormitory Auth (Maimonides Med                                                                 4.57%
        Ctr) NPFGC Series 04   5.75%,   8/01/29
    3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty                                                              4.19%
        Ny Sales Tax) Series 2011C   5.00%,   12/01/25
    4) New York St Thruway Auth (New York St Thruway                                                              4.15%
        Auth Ded Tax) Series 2011A   5.00%,   4/01/25
    5) Puerto Rico Sales Tax Fin Corp. Series 2009A                                                               3.66%
         5.50%,   8/01/28
    6) Tobacco Settlement Fin Corp. NY (New York St                                                               3.53%
        Lease Tobacco Asset Sec) AMBAC Series 03A-1
        5.25%,   6/01/21
    7) New York St Envrn Fac Corp.   5.00%,                                                                       3.21%
        8/15/24
    8) New York St Thruway Auth (New York St Pers                                                                 3.13%
        Income Tax) Series 2011A   5.00%,   3/15/26
    9) New York NY Trnsl Fin Auth Series 2002B                                                                    3.10%
        5.00%,   2/01/27
    10) New York NY Trnsl Fin Auth   5.00%,   5/01/27                                                             3.06%

    Sector/Industry Breakdown
                                                                                                           Portfolio %
    Tax Supported
    Special Tax                                                                                                  33.12%
    Local G.O.                                                                                                   12.56%
    Tax-Supported State Lease                                                                                     5.62%
    State G.O.                                                                                                    2.31%
    Assessment District                                                                                           0.43%
    SUBTOTAL                                                                                                     54.04%
    Revenue
    Health Care - Not-for-Profit                                                                                 10.97%
    Water & Sewer                                                                                                10.38%
    Toll Roads/Transit                                                                                            8.20%
    Airport                                                                                                       5.03%
    Higher Education - Private                                                                                    3.69%
    Electric Utility                                                                                              2.00%
    Senior Living                                                                                                 1.72%
    Industrial Development - Industry                                                                             0.48%
    Industrial Development - Utility                                                                              0.21%
    SUBTOTAL                                                                                                     42.68%
    Asset-Backed
    Housing - Multi-Family                                                                                        1.82%
    Housing - Single Family                                                                                       1.20%
    SUBTOTAL                                                                                                      3.02%
    Cash Equivalents
    Investment Companies                                                                                          0.22%
    SUBTOTAL                                                                                                      0.22%
    Prerefunded/ETM                                                                                               0.04%
    Total                                                                                                       100.00%

    State Breakdown
                                                                                                           Portfolio %
    New York                                                                                                     91.62%
    Puerto Rico                                                                                                   6.33%
    California                                                                                                    0.88%
    Colorado                                                                                                      0.43%
    Illinois                                                                                                      0.31%
    Ohio                                                                                                          0.21%
    Other                                                                                                         0.22%
    Total Investments                                                                                           100.00%

    Credit Quality Breakdown
                                                                                                           Portfolio %
    AAA                                                                                                          28.60%
    AA                                                                                                           45.79%
    A                                                                                                            13.67%
    BBB                                                                                                          10.05%
    BB                                                                                                            0.48%
    Not Rated                                                                                                     1.15%
    Pre-refunded Bonds                                                                                            0.04%
    Short Term Investments                                                                                        0.22%
    Total Investments                                                                                           100.00%

    Bonds By Maturity
                                                                                                           Portfolio %
    Less than 1 year                                                                                              0.22%
    1 to 5 years                                                                                                  0.00%
    5 to 10 years                                                                                                11.17%
    10 to 20 years                                                                                               83.76%
    20 to 30 years                                                                                                4.85%
    More than 30 years                                                                                            0.00%
    Other                                                                                                         0.00%
    Total Investments                                                                                           100.00%

    Portfolio Statistics:
    AMT Percentage:                                                                                               4.65%
    Average Coupon:                                                                                               5.30%
    Percentage of Leverage:
    Bank Borrowing:                                                                                               0.00%
    Investment Operations:                                                                                        0.00%
    Preferred Stock:                                                                                             36.23%
    Tender Option Bonds:                                                                                          3.73%
    Term Asset-Backed Loans Facility (TALF):                                                                      0.00%
    Total Fund Leverage:                                                                                       39.96%*
    Average Effective Maturity:                                                                             6.62 Years
    Effective Duration:                                                                                     5.72 Years
    Total Net Assets:                                                                                $112.61 Million**
    Common Stock Net Asset Value:                                                                               $14.85
    Number of Holdings:                                                                                             68
    Portfolio Turnover:                                                                                             44%

* The total percentage of leverage constitutes 3.73% through the use of tender option bonds, 36.23% 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.