A point \( (0,y) \) on the \( y \)-axis is equidistant from two given points \( (x_1, y_1) \) and \( (x_2, y_2) \) if:
\[
\sqrt{(x_1 - 0)^2 + (y_1 - y)^2} = \sqrt{(x_2 - 0)^2 + (y_2 - y)^2}
\]
Substituting \( (5,-2) \) and \( (-3,2) \):
\[
\sqrt{(5 - 0)^2 + (-2 - y)^2} = \sqrt{(-3 - 0)^2 + (2 - y)^2}
\]
\[
\sqrt{25 + (y+2)^2} = \sqrt{9 + (y-2)^2}
\]
Squaring both sides:
\[
25 + (y+2)^2 = 9 + (y-2)^2.
\]
Expanding:
\[
25 + y^2 + 4y + 4 = 9 + y^2 - 4y + 4.
\]
Cancel \( y^2 \):
\[
25 + 4y + 4 = 9 - 4y + 4.
\]
\[
29 + 4y = 13 - 4y.
\]
\[
8y = -16 \Rightarrow y = -2.
\]
Thus, the required point is \( (0, -2) \).