Henry, 32, had been linked with a switch to the Major League Soccer outfit all last season after making just 15 La Liga starts for Barca last season.
He will be presented at a press conference tomorrow and is expected to make his first appearance for his new side in a friendly against Spurs at the Red Bull Arena on July 22.
The World Cup and European Championship winning centre forward joins as the Red Bulls' second designated player, alongside former Aston Villa hit man Juan Pablo Angel. He is expected to use his experience with sides including Monaco and Juventus to help continue the development of the sport in North America.
Speaking to his new club's official website, Henry couldn't wait to get started in the United States. He said: “This marks an exciting new chapter in my career and life.
“It is an honour to play for the New York Red Bulls. I am fully aware of the team’s history and my sole goal during my time here is to help win the club its first championship.
"Knowing Red Bull’s significant commitment to soccer locally and internationally, I am confident that my team-mates and I will succeed.”
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