A rendition of the statue, which will cost about $125,000, was unveiled Monday. It shows Berra on one knee in the on-deck circle, holding two bats and gazing skyward.
Museum director Dave Kaplan says the rendition came from a 1950s Sports Illustrated photo.
Kaplan told NBCNewYork that funding for the statue is coming through private donations, and the piece is expected to be installed at the end of the year.
"The statue perfectly reflects the values that have come to define Yogi Berra - optimism, determination and hard work - the same values which are taught in the Museum & Learning Center's character education programs," said Kaplan.