Tina Fey and Jeff Richmond have written and directed the performance, which features Tituss Burgess, Jimmy Fallon, Cheyenne Jackson, Taran Killam, Jane Krakowski, Audra McDonald, Maya Rudolph and Martin Short.
The 8 PM performance will be preceded by a 7 PM champagne reception and followed by a buffet dinner.
Katherine Farley, Lincoln Center chairman, and Jed Bernstein, Lincoln Center president, will present the award to Michaels before the performance begins. The producer is being honored for his support of the arts.