Terms of the deal weren't revealed, but various reports pegged it at $13 million.
Suzuki, who has 2,606 career hits and lifetime .322 batting average over 12 major-league seasons, came to Yankees from the Seattle Mariners in a July 23 trade.
He compiled a .322 average with five homers and 27 RBI in 67 games for New York.
For the entire 2012 season, Suzuki posted a .283 mark with 28 doubles, six triples, nine home runs, 55 RBI and 29 stolen bases over 162 contests.
"The Yankees are the kind of team that I always envisioned being a part of," the Japanese star said. "Everyone in the world of competition has a strong desire to win, but the Yankees also have an atmosphere where losing is not an option."
Ray Liotta sues skin care company over use of likeness
Aaron Carter is still in love with Hilary Duff