"In the wake of tragedy in Orlando, I am establishing a commission to create a monument honoring the fight for equal rights and all victims of hate, intolerance and violence," Cuomo said Sunday, as quoted by the amNewYork newspaper.
He added that he had chosen 10 people, including the ones from the city's LGBT community to participate in the commission and construct the monument.
The memorial construction could reportedly cost about $1 million.
On June 12, US national Omar Mateen, 29, opened fire in the Pulse gay nightclub in Orlando, killing 49 people and injuring more than 50 others. The suspect was killed during the siege. Mateen pledged allegiance to the Daesh terror group, outlawed in Russia and numerous other countries.