Create a new path in the Paths panel

To create a path without naming it, click the Create New Path button at the bottom of the Paths panel.
To create and name a path, make sure no work path is selected. Choose New Path from the Paths panel menu, or Alt-click (Windows) or Option-click (Mac OS) the New Path button at the bottom of the panel. Enter a name for the path in the New Path dialog box, and click OK.