The event organisers announced the initial lineup for the six-day long event which includes the 47-year-old comedian and Tig Notaro, among others, reported Entertainment Weekly.
Morgan, who was left in coma following a car accident in 2014, will perform at New York's Carnegie Hall along with comic Marc Maron.
"I'm very excited about returning to the New York Comedy Festival this year.
"I can't wait to get on stage at the legendary Carnegie Hall to perform in front of my family, my friends and my home town fans," Morgan said.