Having a custom recovery is always a great idea as it enables your make backups and restore them in case you run into problems trying new ROMs, etc. This guide should walk you through all the steps to flash a custom recovery on your Samsung Galaxy Y GT-S5360. Here you go:
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Step 1. Download ClockworkMod Recovery from Here.
Step 2. Connect your mobile to PC through USB cable (Make sure that you have kept USB debugging on).
Step 3. Copy the zip file to external memory in a new folder called Recovery.
Step 4. Disconnect your phone from PC.
Step 6. Now select update from SD card and choose zip file which you have saved in Recovery folder earlier.
Step 7. After successful installation, go back and select Reboot system now option