Where is the air bag module located on 92 mustang?

On a 1992 Ford Mustang, the airbag module (also called the Supplemental Restraint System [SRS] module) is located under the dashboard, on the driver's side. It's usually near the steering column, but the exact position can vary slightly. You'll likely need to remove some of the lower dash panels to see it. Be extremely cautious when working near airbags and their components, as they can contain residual charge even after the battery is disconnected. Disconnecting the battery before working in the area is recommended.