NEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of October 31, 2006. Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) NYS Mtg Agy AMT 5.450% (04/01/31) 9.61% 2) NY Metro Trans Auth 5.125% (11/15/31) 4.91% 3) New York State Dorm Auth MBIA 5.750% (08/01/29) 4.81% 4) New York NY Go Pre Re 5.500% (12/01/31) 4.63% 5) New York State UDC 5.250% (03/15/32) 4.59% 6) NYC Trust Cultural Resources 5.125% (07/01/31) 4.49% 7) NYC Muni Wtr Fin Auth 5.125% (06/15/34) 4.45% 8) Trib Brdg & Tunl Auth NY Gen P 5.000% (01/01/32) 3.84% 9) Tobacco Settlement NY AMBAC As 5.250% (06/01/21) 3.65% 10) Puerto Rico Hwy 5.375% (07/01/36) 3.01% Sector/Industry Breakdown Portfolio% Muni: Hospital/Health Care 18.46% Transportation 14.70% General Obligation 12.79% Housing-Mortgages 11.10% Special Tax 9.49% Water/SWR 6.23% Higher Education 5.93% Cop/Lease Rental 3.65% Corporate -- Utility (Electric) 3.37% Housing-Rental Units 2.94% Continuing Care Facility 2.19% Community Facility 2.10% Assessment District 1.78% Utility 1.71% Airport Facility 1.08% Housing 0.58% Miscellaneous 0.46% Resource Recovery/Solid Waste 0.26% SUBTOTAL 98.82% Short-term 1.18% Total 100.00% State Breakdown Portfolio% New York 83.03% Puerto Rico 8.22% Florida 3.43% Arizona 2.98% California 0.88% Illinois 0.75% Colorado 0.45% Ohio 0.26% Total 100.00% Credit Quality Breakdown Portfolio% AAA 59.25% AA 20.23% A 9.44% BBB 8.63% BB 2.45% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 0.09% Preferred Stock: 37.63% Total: 37.72%* Avg. Maturity: 22.17 Years Duration: 4.29 Years Total Net Assets: $119.5 Million Net Asset Value: $15.43 Number of Holdings: 52 * The total percentage of leverage constitutes 37.63% in issued and outstanding preferred stock and 0.09% 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. 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 Web site: http://www.alliancebernstein.com/

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