You can make a selection in an image, and then copy that selection into a new layer.
To copy a selection or a layer:
Select the area or layer you want to copy, see Making Selections in Images.
Do either of the following:
To copy the selection or active layer, choose Edit > Copy or press Ctrl + C.
To copy all layers of the selected area, choose Edit > Copy Merged or press Ctrl + Shift + C.
Pasting a Cut or Copied Selection as a New Image