Hello
That "Y" from the fifth position of your VIN, means "3 point seat belts + seat belt pretensioners". Also if there is an "X" there means "3 point seat belts"... only when is a "C" there you will have "3 point seat belts + airbag + seat belt pretensioners".
Number 10 from VIN tells you the year of fabrication. In your case "V" means '97.
Most of 440/460's after 94 have a standard steering wheel airbag. The configuration without airbag is a specific Dutch market configuration.
http://www.volvoclub.org.uk/vin_400.shtml
There is no passenger airbag on 400 series, but there is a Side Impact Protection with steel bars and special impact absorbing materials located in doors.