It depends on what was on BEFORE the steady yellow arrow, and what is on after it. 4 cases are possible:
Green arrow, changes to Yellow arrow, changes to Red arrow
Green arrow, changes to Yellow arrow, changes to Flashing yellow arrow
Flashing yellow arrow, changes to Yellow arrow, changes to Red arrow
Flashing red arrow, changes to Yellow arrow, changes to Red arrow
The change from flashing yellow arrow to green arrow does not use the steady yellow arrow.
These are analogous to the 3 cases shown with the doghouse signal:
Green arrow, changes to Yellow arrow, changes to Circular red
Green arrow, changes to Yellow arrow, changes to Circular green
Circular green, changes to Circular yellow, changes to Circular red
The change from circular green to green arrow does not use a steady yellow indication.
Certainly you look at the signal more than once, as you approach the intersection. If so, you know what was already on before the steady yellow arrow.
The steady yellow indication indicates a reduction in your right of way as well as an end to it.
If the first indication you see is steady yellow arrow, you should prepare to stop anyway. You are too far from the intersection to make the turn.
Question: If you want the yellow arrow to be restricted to clearing a green arrow, then with what is the flashing yellow arrow supposed to be cleared? It has to be cleared before the red arrow appears.
You will see several different flashing yellow arrow faces:
For left turns with yellow trap, but no protected turn phase (top to bottom):
Red arrow
Yellow arrow
Flashing yellow arrow
For left turns with a protected turn phase, this is the standard:
Red arrow
Yellow arrow
Flashing yellow arrow
Green arrow
The flashing yellow arrow and the green arrow can be clustered horizontally:
Red arrow
Yellow arrow
Green Arrow / Flashing yellow arrow
A doghouse face with different indications for protected and permissive might be used with some existing signal controllers that can’t combine the yellow arrows:
Red arrow
Yellow arrow / Yellow arrow
Green arrow / Flashing yellow arrow
An existing doghouse face might be converted (and rewired) this way:
Circular red
Yellow arrow / Circular yellow
Green arrow / Flashing yellow arrow