The distance of a point \( P(a, b, c) \) from the y-axis is the perpendicular distance from the point to the y-axis. The y-axis in three-dimensional space has coordinates where \( x = 0 \) and \( z = 0 \). Thus, the distance from \( P(a, b, c) \) to the y-axis is determined by the projection of \( P \) onto the \( xz \)-plane.
The distance formula in three dimensions for a point \( (x, y, z) \) to the y-axis is given by:
\[
\text{Distance} = \sqrt{x^2 + z^2}.
\]
For \( P(a, b, c) \), the \( x \)-coordinate is \( a \) and the \( z \)-coordinate is \( c \). Therefore:
\[
\text{Distance from y-axis} = \sqrt{a^2 + c^2}.
\]
Hence, the correct answer is (C) \( \sqrt{a^2 + c^2} \).