Alliance New York Municipal Income Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from regular federal income tax and New York State and New York City income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from the taxes. The Fund will normally invest at least 80%, and normally substantially all, of its net assets in municipal securities paying interest that is exempt from regular federal, New York State and New York City income tax. In addition, the Fund normally invests at least 75% of its net assets in investment-grade municipal securities or unrated municipal securities. The Fund may invest up to 25% of its net assets in municipal securities rated below investment-grade and unrated municipal securities. AllianceBernstein L.P. is the Fund's investment advisor.