US actor Alec Baldwin has denied punching a man in the face during a parking dispute near his home in New York City, labelling the reports of the incident as "egregiously misstated."

The 60-year-old former 30 Rock star was taken into custody by police on Friday afternoon in Manhattan's West Village neighbourhood, and was released two hours later. He is expected to appear in court later this month.

Police are reporting that Baldwin claimed he had a family member holding the spot when a man driving a station wagon pulled up and took it for himself, which led to an argument between the two.

Baldwin has now commented on the incident, releasing a statement via the Twitter account of the foundation he runs with his wife Hilaria.

"Normally, I would not comment on something as egregiously misstated as today's story," the statement reads. 

"However, the assertion that I punched anyone over a parking spot is false. I wanted to go on the record stating as much.

"I realize that it has become a sport to tag people w as many negative charges and defaming allegations as possible for the purposes of clickbait entertainment. Fortunately, no matter how reverberating the echos, it doesn't make the statements true."

Baldwin is known for playing US President Donald Trump on the hugely popular US skit show Saturday Night Live.

When asked about Baldwin's arrest, Mr Trump is reported to have said: "I wish him luck."