Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of August 31, 2009.

                   Alliance New York Municipal Income Fund, Inc.

         Top 10 Fixed-Income Holdings

                                                           Portfolio %
        1)New York St Mortgage Agy SFMR (New York St             9.69%
          Mortgage Agy) Series 01-29 5.45%, 4/01/31
        2)New York NY GO Series 01B 5.50%, 12/01/31              4.87%
          (Prerefunded/ETM)
        3)New York St UDC Series 02A 5.25%, 3/15/32              4.87%
          (Prerefunded/ETM)
        4)Metropolitan Trnsp Auth NY Series 02A 5.125%,          4.87%
          11/15/31
        5)New York St Dormitory Auth (Maimonides Med             4.54%
          Ctr) MBIA Series 04 5.75%, 8/01/29
        6)New York NY Trst for Cult Res (Museum of               4.50%
          Modern Art) AMBAC Series 01D 5.125%, 7/01/31
        7)New York NY Mun Wtr Fin Auth Series 02A                4.47%
          5.125%, 6/15/34
        8)Tobacco Settlement Fin Corp. NY (New York St           3.68%
          Tobacco Asset Sec) AMBAC Series 03A-1 5.25%,
          6/01/21
        9)Puerto Rico GO 5.50%, 8/01/28                          3.60%
       10)Puerto Rico Hwy & Trnsp Auth Series 02D                3.16%
          5.375%, 7/01/36 (Prerefunded/ETM)

         Sector/Industry Breakdown
                                                          Portfolio %
            Prerefunded/ETM                                    25.85%
            Health Care - Not-for-Profit                       12.31%
            Housing - Single Family                            11.18%
            Water & Sewer                                       7.92%
            Special Tax                                         6.61%
            Toll Roads/Transit                                  5.55%
            Money Market                                        4.78%
            Revenue - Miscellaneous                             4.50%
            Tax-Supported State Lease                           4.19%
            Housing - Multi-Family                              2.91%
            Higher Education - Private                          2.79%
            Assessment District                                 2.08%
            Industrial Development - Airline                    2.01%
            Local G.O.                                          1.98%
            Electric Utility                                    1.90%
            State G.O.                                          1.74%
            Insured                                             1.17%
            Primary/Secondary Ed. - Private                     0.29%
            Health Care - Municipal                             0.24%
            Total                                             100.00%

            State Breakdown
                                                          Portfolio %
            New York                                           82.69%
            Puerto Rico                                        12.67%
            Florida                                             2.86%
            California                                          0.85%
            Colorado                                            0.28%
            Pennsylvania                                        0.23%
            Ohio                                                0.23%
            Illinois                                            0.19%
            Total                                             100.00%


                 Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        52.40%
                    AA                                         19.65%
                    A                                          19.92%
                    BBB                                         3.94%
                    BB                                          2.78%
                    B                                           0.78%
                    A-1                                         0.53%
                    Total Investments                         100.00%

         Portfolio Statistics:
              AMT Percentage:                16.8%
              Average Coupon:                5.0%
              Percentage of Leverage:
                 Bank Loans:                 0.00%
                 Investment Operations:      3.29%
                 Preferred Stock:            26.28%
              Total:                         29.57%*

              Avg. Maturity:                 8.66 Years
              Duration:                      5.40 Years
              Total Net Assets:              $109.3 Million
              Net Asset Value:               $14.20
              Number of Holdings:            65

* The total percentage of leverage constitutes 26.28% in issued and outstanding preferred stock and 3.29% 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.