Making a Snow Text

Create a new file (400x400), white background

Use Gradient Tool to make a background like this:

Type a text, set the text color = 2bbefe

Hold Ctrl + Select layer text, Edit -> Copy Merged

Create a new layer, then Paste (Layer 1)

Layer -> Layer Style -> Blending Option, Set as follow

We have:

Next, We will create Snow for the text.

Hold Ctrl + Select layer text, Edit -> Copy Merged

Create a new layer, and paste (Layer 2)

Change text color to White (use Paint Bucket Tool)

Add a vector Mask

Use Pencil Tool , erase some area in Layer 2 mark , like this

Then, Right Click -> Apply Layer Mark

Use Filter -> Stylize -> Diffuse, Select Normal

Edit -> Transform -> Rotate 90 CW

Then, Use Filter -> Stylize -> Wind, Set as:

Edit -> Transform -> Rotate 90 CCW

Blending Options, Set as:

We have

Hold Ctrl + Select layer text, Edit -> Copy Merged

Create a new layer, and paste (Layer 3)

Set Blending mode = Overlay

This is final step to create a Snow Text, But if you want , you can use more effect, ex:

Create new file, with snow is falling, like that

Copy this file, and paste in Snow Text file, Set Soft Light to mix, and we have: