Sure.
When organisms metabolize organics to ammonia and then to nitrate, alkalinity is consumed.
Then if it is taken up by algae or bacteria (or corals), htat same amount of alkalintiy is returned to the system.
So if you start with elevated nitrate and it is consumed, alk will tend to rise.
I show that chemically in the article below. Production of H+ depletes alkalinity
http://www.reefedition.com/nitrate-in-the-reef-aquarium/
from it:
Most of the nitrate present in the ocean results from the recycling of organic materials. The degradation of plankton, for example, provides nitrate. This can be shown in a simplified chemical equation describing what happens when organic “food” is digested with oxygen:
(CH2O)106(NH3)16(H3PO4) + 138 O2 → 106 CO2 + 122 H2O + 19 H+ + PO43- + 16 NO3–
which in words reads as:
plankton + oxygen → carbon dioxide + water + hydrogen ion + phosphate + nitrate
When nitrate is consumed, the exact reverse reaction takes place.