You can easily do that manually: 
1- find the path where your avd is stored 
$ SDK/tools/android list avd 
.... 
Path: /home/user/.android/avd/myAVD.avd 
... 
2- create an "sdcard.img" in that directory -- that name is the 
default and the emulator will pick it up automatically: 
$ SDK/tools/mksdcard 16M /home/user/.android/avd/myAVD.avd/sdcard.img 
Run mksdcard without arguments to see the options. Size is something 
like 128K or 128M. 
Note that "list avd" will not display it after (it only displays 
what's in the myAVD.avd/config.ini file... you can add a line like 
"sdcard.size=16M" if you want "list avd" to show it.