Step 1: Use the distance formula.
\[
\text{Distance} = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2}
\]
Step 2: Substitute given values.
\[
10 = \sqrt{(12 - 4)^2 + (3 - y)^2}
\]
Step 3: Simplify.
\[
10 = \sqrt{8^2 + (3 - y)^2} \Rightarrow 10^2 = 64 + (3 - y)^2
\]
\[
100 - 64 = (3 - y)^2 \Rightarrow (3 - y)^2 = 36
\]
Step 4: Solve for \( y \).
\[
3 - y = \pm 6
\]
\[
y = 3 - 6 = -3 \quad \text{or} \quad y = 3 + 6 = 9
\]
Step 5: Final Answer.
\[
\boxed{y = -3 \text{ or } 9}
\]