NEW YORK, April 22 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of March 31, 2009. Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)New York St Mortgage Agy Sfhr (New York St 9.35% Mortgage Agy) Series 01-29 5.45%, 4/01/31 2)New York NY GO Series 01B 5.50%, 12/01/31 5.11% (Prerefunded) 3)New York St Udc Series 02A 5.25%, 3/15/32 5.10% (Prerefunded) 4)Metropolitan Trnsp Auth NY Series 02A 5.125%, 4.70% 11/15/31 5)New York St Dormitory Itory Auth (Maimonides 4.63% Med Ctr) MBIA Series 04 5.75%, 8/01/29 6)New York NY Trst for Cult Res (Museum of 4.60% Modern Art) AMBAC Series 01D 5.125%, 7/01/31 7)New York NY Mun Wtr Auth Series 02A 5.125%, 4.53% 6/15/34 8)Triborough Brdg & Tunl Auth NY Series 01A 4.28% 5.00%, 1/01/32 (Prerefunded) 9)Tobacco Settlement Fin Corp NY (New York St 3.70% Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21 10)Puerto Rico Hwy & Trnsp Auth Series 02D 3.31% 5.375%, 7/01/36 (Prerefunded) Sector/Industry Breakdown Portfolio % Transportation 15.49% Hospital/Health Care 15.10% Housing-Mortgages 10.90% Community Facility 10.55% General Obligation 9.70% Water/SWR 8.45% Corporate - Utility (Electric) 6.22% Education 4.23% Continuing Care Facility 4.00% Miscellaneous 3.70% Higher Education 3.03% Housing-Rental Units 2.84% Corporate - Utility (Water) 2.11% Airport Facility 1.55% Assessment District 0.97% COP/Lease Rental 0.47% Port Facility 0.39% Special Tax 0.30% Total 100.00% State Breakdown Portfolio % New York 85.93% Puerto Rico 9.32% Florida 2.93% California 0.80% Illinois 0.31% Colorado 0.27% Ohio 0.23% Pennsylvania 0.21% Total 100.00% Credit Quality Breakdown Portfolio % AAA 54.90% AA 25.92% A 10.53% BBB 3.77% BB 2.85% B 0.75% A-1+ 1.28% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 16.66% Average Coupon: 4.97% Percentage of Leverage: Bank Loans: 0.00% Investment Operations: 3.83% Preferred Stock: 37.08% Total: 40.91%* Avg. Maturity: 8.78 Years Duration: 5.32 Years Total Net Assets: $105.8 Million Net Asset Value: $13.47 Number of Holdings: 65 * The total percentage of leverage constitutes 37.08% in issued and outstanding preferred stock and 3.83% 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. DATASOURCE: Alliance New York Municipal Income Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672

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