The Robins will take their place in the Blue Square Premier next season after gaining a reprieve at today's Conference AGM.
Taking their place in the Blue Square North will be Boston United, who have been demoted on financial grounds.
They also entered into a CVA on the last day of the season and it is thought the terms of the agreement are the reason for their demotion.
It is the second consecutive year Alty have been saved at the last minute.
In 2006 the Robins looked destined for relegation after being slapped with an 18-point deduction for fielding an ineligible player, only for Scarborough to be sent down instead, also on financial grounds.
Chairman Geoff Goodwin believes the decision provides vindication for the ethical way in which the Moss Lane club has been run since being on the verge of bankruptcy five years ago.He told SAM Sport: "It's the great escape.
"I do feel sorry for Boston but that's football isn't it?
"It's justice for us because we have aimed to do the right thing at this club, rather than running it into debt to chase the dream.
"I had set my mind for a season in the Blue Square North so this has come as a massive shock. You just don't expect a reprieve second time around.
"Fair play to the Conference for doing the right thing though.
"I"m sure there will be a few more clubs following behind Boston unless people change the way they are run. What's the point in having a budget you can't afford?
"This club is on its way back to where it used to be."
Story from SAM Messenger newspapers