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Should I say you all or y’all?
What’s a noun phrase with a verb in -ing?
What are the plural subject pronouns?
Southern–American English nonstandard second-person plural pronoun
It should be the first: "Y'all"
In contractions, apostrophes represent where letters were taken out. "Y'all" is a contraction of "you all". the "ou " was taken out, so you put an apostrophe were it used to be, giving you "y'all".
Y'all is a contraction of "you all", so I would assume that y'all is the correct spelling.
Wikipedia gives some background on the topic.
Born and raised in the South, growing up it’s always been spelled y’all. Recently, I’ve been seeing more people spell it as ya’ll. Which I am struggling to understand because “ya’ll” doesn’t even make sense grammatically? The apostrophe should be immediately placed after the Y to signify that -ou has been dropped from the phrase “you all”. Placing the apostrophe after the a seems redundant because it’s splitting the word all instead of signifying that the -ou was dropped from you