York have appointed 27-year-old Chris Brass as player-manager.
Brass will take over from Dolan
The club's skipper becomes the youngest manager in the Football League after taking over from Terry Dolan.
Dolan and his assistant Adie Shaw were dismissed from their roles, with the club's board citing financial reasons.
Lee Nogan, who was one of eight players released by the club as part of the cost-cutting measures last month, has been named as Brass' assistant.
"I've always envisaged at some stage of my career that I would manage one day, but I didn't think it would happen at such an early age," said Brass.
"If you speak to anyone that knows me there's always a stewards' enquiry on my birth certificate.
"It will raise a few eyebrows because of my age, but the board felt I was first choice for the job."
Brass was the favoured choice after gaining respect from the fans over the way he and all the York players dealt with the club going into administration.
Former Burnley captain Brass, along with all the players still under contract at Bootham Crescent, is still continuing to defer his wages - a gesture which helped save the club from liquidation.
Brass added: "I spoke with the Supporters' Trust on Saturday and they asked me whether I would be interested in the post.
"I asked them for the weekend to think things through. I went away with my family to think about it and didn't leave any stone unturned.
"I was told with regards to the financial situation at the club that they
were looking to appoint from within and that they believed out of the people at the club they hoped I was the man to take it on.
"They had to justify two jobs into one regarding the manager and the coach.
"The board outlined that I was their number one choice if I was willing to accept it. I decided that it was the right decision to take York City Football Club forward."
Brass has made more than 100 appearances for the club since arriving from Burnley in March 2001 and was player of the year last season.