N-Q 1 dnq.htm ALLIANCE NEW YORK MUNICIPAL INCOME FUND ALLIANCE NEW YORK MUNICIPAL INCOME FUND

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-10577

ALLIANCE NEW YORK MUNICIPAL INCOME FUND, INC.

(Exact name of registrant as specified in charter)

 

1345 Avenue of the Americas, New York, New York   10105
(Address of principal executive offices)   (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: October 31, 2007

Date of reporting period: July 31, 2007

ITEM 1. SCHEDULE OF INVESTMENTS.

 

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Alliance New York Municipal Income Fund

Portfolio of Investments

July 31, 2007 (unaudited)

 

     Principal
Amount
(000)		    U.S. $ Value  

MUNICIPAL OBLIGATIONS - 159.8%

      

Long-Term Municipal Bonds - 153.6%

      

New York - 131.9%

      

Dutchess Cnty IDA (Civil Fac Rev)

      

5.00%, 8/01/19

    $ 380    $ 392,377  

Erie Cnty IDA (City of Buffalo Proj) FSA

Series 03

      

5.75%, 5/01/23 (a)

      1,250      1,346,388  

Hempstead Hgr Ed (Adelphi Univ Civic Fac)

Series 02

      

5.50%, 6/01/32

      1,320      1,385,960  

Long Island Pwr Auth Elec Rev FGIC

Series 06A

      

5.00%, 12/01/19

      650      687,499  

Madison Cnty Hlth Fac (Oneida Hlth Systems) ASSET GTY

Series 01

      

5.35%, 2/01/31

      1,500      1,635,540  

MTA NY Dedicated Tax Fund

Series 02A

      

5.125%, 11/15/31

      5,500      5,664,890  

Nassau Cnty Hlth Fac (Nassau Hlth Sys Rev) (Prerefunded) FSA

Series 99

      

5.75%, 8/01/29

      2,400      2,539,320  

New York City Ed Fac (Magen David Yeshivah Proj) ACA

Series 02

      

5.70%, 6/15/27

      2,500      2,609,350  

New York City GO

Series 03C

      

5.50%, 9/15/19

      1,000      1,075,010  

Series 04G

      

5.00%, 12/01/23

      780      809,000  

Series 04I

      

5.00%, 8/01/21

      1,000      1,038,220  

Series 05J

      

5.00%, 3/01/24

      3,000      3,110,910  

New York City GO (Prerefunded)

      

5.75%, 3/01/17

      940      1,028,360  

Series 01B

      

5.50%, 12/01/31

      5,000      5,350,400  

New York City GO (Unrefunded)

      

5.75%, 3/01/17

      260      282,131  

New York City HDC MFHR (Rental Hsg) AMT

Series 02A

      

5.50%, 11/01/34

      1,250      1,277,063  

New York City IDA (Brooklyn Navy Yard) AMT

Series 97

      

5.75%, 10/01/36

      2,000      2,030,360  

New York City IDA Spl Fac Rev (Terminal One Group Assc Proj)

Series 05

      

5.50%, 1/01/24 (b)

      200      211,572  

New York City Municipal Wtr

Series 02A

      

5.125%, 6/15/34

      5,000      5,165,850  

Series 03A

      

5.00%, 6/15/27

      2,000      2,059,260  

New York City Spec Fac (Museum of Modern Art) AMBAC

Series 01D

      

5.125%, 7/01/31

      5,000      5,189,650  

New York State Dorm Auth (FHA Insd Maimonides) MBIA

Series 04

      

5.75%, 8/01/29

      5,000      5,519,650  

New York State Dorm Auth (Jewish Brd Fam & Children) AMBAC

Series 03

      

5.00%, 7/01/23

      1,000      1,038,270  

New York State Dorm Auth (Mental Hlth Serv) (Prerefunded) MBIA

Series 01B

      

5.25%, 8/15/31

      3,220      3,401,672  

New York State Dorm Auth (Prerefunded) MBIA

      

5.25%, 8/15/31

      285      301,080  

New York State Dorm Auth (Unrefunded) MBIA

      

5.25%, 8/15/31

      1,995      2,080,206  

New York State Dorm Auth Hlth Fac (Willow Towers Proj) GNMA

Series 02

      

5.40%, 2/01/34

      2,500      2,624,225  

New York State Dorm Auth Rev

      

5.00%, 5/01/22

      345      354,080  

New York State Dorm Auth Rev (Cabrini of Westchester) GNMA

      

5.10%, 2/15/26

      500      522,635  

New York State Dorm Auth Rev (NYU Hosp Ctr)

Series 07A

      

5.00%, 7/01/22

      300      297,189  

New York State Hsg Fin Agy MFHR (Patchogue Apts) AMT SONYMA

Series 02A

      

5.35%, 2/15/29

      2,090      2,138,864  

New York State SFMR (Mtg Rev) AMT

Series 01-29

      

5.45%, 4/01/31

      11,000      11,207,570  

New York State Tobacco Settlement Bonds AMBAC

Series 03A-1

      

5.25%, 6/01/21

      4,000      4,208,560  

New York State UDC (Empire State) (Prerefunded)

Series 02A

      

5.25%, 3/15/32

      5,000      5,308,500  

Niagara Cnty Ed Fac (Niagara Univ Proj) ASSET GTY

Series 01A

      

5.40%, 11/01/31

      1,435      1,506,951  

Onondaga Cnty IDA Airport Fac (Cargo ACQ) AMT

Series 02

      

6.125%, 1/01/32

      1,000      1,048,370  

Seneca Cnty IDA (New York Chiropractic College)

      

5.00%, 10/01/27

      185      188,384  

Triborough Bridge & Tunnel Auth (Prerefunded)

Series 01A

      

5.00%, 1/01/32

      4,245      4,453,472  

Series 02A

      

5.125%, 1/01/31

      2,500      2,635,350  

Triborough Bridge & Tunnel Auth (Unrefunded)

Series 01A

      

5.00%, 1/01/32

      755      771,738  

Yonkers IDA Hlth Fac (Malotz Pavillion Proj) MBIA

Series 99

      

5.65%, 2/01/39

      1,200      1,239,228  
           
        95,735,104  
           

California - 1.4%

      

California GO

Series 04

      

5.00%, 2/01/33

      1,000      1,020,750  
           

Colorado - 0.7%

      

Northwest Metro Dist No. 3 GO

      

6.125%, 12/01/25

      500      522,990  
           

Florida - 5.3%

      

Capital Region CDD (South Wood)

Series 01A-2

      

6.85%, 5/01/31

      1,160      1,243,624  

Hamal CDD (Prerefunded)

Series 01

      

6.65%, 5/01/21

      1,085      1,198,524  

Miromar Lakes CDD

Series 00A

      

7.25%, 5/01/12

      1,325      1,374,104  
           
        3,816,252  
           

Illinois - 0.7%

      

Bolingbrook Sales Tax Rev (Bolingbrook)

      

6.25%, 1/01/24 (c)

      500      501,045  
           

Ohio - 0.4%

      

Port Auth of Columbiana Cnty Swr (Apex Environmental LLC) AMT

Series 04A

      

7.125%, 8/01/25

      300      315,849  
           

Puerto Rico - 13.2%

      

Puerto Rico Comwlth GO (Pub Impt)

Series 01A

      

5.50%, 7/01/19

      500      548,110  

Series 04A

      

5.25%, 7/01/19

      510      538,682  

Puerto Rico Elec Pwr Auth XLCA

Series 02-2

      

5.25%, 7/01/31

      3,050      3,274,511  

Puerto Rico Hsg Fin Corp SFMR (Mtg Rev) AMT GNMA

Series 01C

      

5.30%, 12/01/28

      1,690      1,707,931  

Puerto Rico Hwy & Transp Auth (Prerefunded)

Series 02D

      

5.375%, 7/01/36

      3,250      3,477,240  
           
        9,546,474  
           

Total Long-Term Municipal Bonds

(cost $106,112,117)

         111,458,464  
           

Short-Term Municipal Notes - 6.2%

      

New York - 6.2%

      

New York Adj-subser FSA Series A6

      

3.65%, 11/01/26 (d)

      500      500,000  

Port Auth NY & NJ Spl Oblig Rev

      

3.64%, 6/01/20 (d)

      3,100      3,100,000  

Port Auth of NY & NJ Spl Oblig Rev (Versatile Structure Oblig)

      

3.64%, 8/01/24 (d)

      900      900,000  
           

Total Short-Term Municipal Notes

(cost $4,500,000)

         4,500,000  
           

Total Investments - 159.8%

(cost $110,612,117)

         115,958,464  

Other assets less liabilities - 2.2%

         1,630,032  

Preferred Stock at redemption value - (62.0)%

         (45,000,000 )
           

Net Assets Applicable to Common Shareholders - 100.0% (e)

       $ 72,588,496  
           

INTEREST RATE SWAP TRANSACTIONS

 

    

Notional
Amount
(000)

   

Termination
Date

    Rate Type    

Unrealized
Appreciation/
(Depreciation)

 

Swap Counterparty

          Payments
made by
the Portfolio		     Payments
received by
the Portfolio		    

Citigroup

    $ 145    6/01/12    BMA     3.628 %   $ (21 )

Citigroup

      1,500    11/10/26    3.884 %   BMA       49,686  

JPMorgan Chase

      4,200    11/10/11    BMA     3.482 %     (20,658 )

Merrill Lynch

      160    2/12/12    BMA     3.548 %     (453 )

Merrill Lynch

      1,200    7/30/26    4.090 %   BMA       8,694  

Merrill Lynch

      1,300    8/09/26    4.063 %   BMA       14,690  

Merrill Lynch

      2,000    11/15/26    4.378 %   BMA       (51,919 )

 

(a) Position, or a portion thereof, has been segregated to collateralize interest rate swaps.

 

(b) Variable rate coupon, rate shown as of July 31, 2007.

 

(c) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity.

 

(d) Variable Rate Demand Notes (VRDN) are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.

 

(e) Portfolio percentages are calculated based on net assets applicable to common shareholders.

Glossary:

 

ACA

AMBAC

AMT

ASSET GTY

BMA

CDD

FGIC

FSA

GNMA

GO

HDC

IDA

MBIA

MFHR

MTA

SFMR

SONYMA

UDC

XLCA

    -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

-

   

American Capital Access Financial Guaranty Corporation

American Bond Assurance Corporation

Alternative Minimum Tax (subject to)

Asset Guaranty Insurance Company

Bond Market Association

Community Development District

Financial Guaranty Insurance Company

Financial Security Assurance Inc.

Government National Mortgage Association

General Obligation

Housing Development Corporation

Industrial Development Authority/Agency

Municipal Bond Investors Assurance

Multi-Family Housing Revenue

Metropolitan Transportation Authority

Single Family Mortgage Revenue

State of New York Mortgage Agency

Urban Development Corporation

XL Capital Assurance Inc.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.  

DESCRIPTION OF EXHIBIT

3 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): Alliance New York Municipal Income Fund, Inc.

By:   /s/ Marc O. Mayer
 

Marc O. Mayer

President

Date: September 24, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:   /s/ Marc O. Mayer
 

Marc O. Mayer

President

Date: September 24, 2007

By:   /s/ Joseph J. Mantineo
 

Joseph J. Mantineo

Treasurer and Chief Financial Officer

Date: September 24, 2007

 

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