In a large bowl of an electric mixer, cream the butter with the sugar, salt and egg yolk until smooth. Blend in the flour until the mixture blends into a smooth dough. Preheat the oven to 350F. Roll dough into 1" balls and place on a cookie sheet lined with nonstick foil. Press balls flat with the bottom of a glass and sprinkle with colored sugar to decorate. Bake for 12 to 15 minutes, until the edges just begin to brown.
For cutout cookies:
Wrap the dough in a plastic bag and refrigerate 1/2 hour or up to two days. Preheat the oven to 350F. Roll out the dough on a lightly-floured surface to 1/8-inch thickness. Cut into desired shapes using cookie cutters. Place on lightly-greased cookie sheets. Sprinkle with decorating sugar. Bake for 12 to 15 minutes, until the edges just begin to brown.
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