The 29-year-old who made a name for herself after starring in Scandinavia's Next Top Model in 2005, was hit by a bus in the city last week.
The star underwent surgery to stop the bleeding in her brain, but doctors at Weill Cornell Medical Center kept her on life support and described her situation as "bleak".
Late on Tuesday night, her family switched off her ventilator.
"I think she knows that we are here and that we are doing the right thing," her father Ronny Moström told the Expressen newspaper.
He added in a text to the paper that her donated organs would likely save five to six lives.
Scandinavia's Next Top Model contestants in 2005. Photo: TV3
The model's accident took place on Roosevelt Island in New York. Anna-Maria Moström had been for coffee with friends and was cycling along a main road when she collided with a bus after it was seen making a sudden left turn.
"Many times she has said that she always lives life to its fullest, because she believed that she may not live as long as everyone else," her father told the newspaper.
"She has talked like that for a long time; it is something that runs in the family. She knew that something would happen before she turned 30".