Selecting the same instrument, try to represent the lowest layer of the eye to be. Paint it in white color.

Creating emoticon in Photoshop CS

Blending Options-Inner Shadow

Creating emoticon in Photoshop CS

Take the next instrument and represent the eye?s pupil.

Creating emoticon in Photoshop CS

When
taking the following tool , it?s possible to draw a flare inside the eye.

Creating emoticon in Photoshop CS

Creating emoticon in Photoshop CS

Blending Options-Gradient Overlay

Creating emoticon in Photoshop CS