1. Pick the image that you want decolorized.

2. Select the magnetic lasso tool. Draw an outline around the area you want to keep its color.
3. Select New Layer Via CUT. (for me: Layer >> New >> Layer via Cut)
4. Change the background to a layer. (for me: Layer >> New >> Layer from Background)
5. Now go to the layers pallette and make sure your drawing on the layer you want BLACK AND WHITE. Then choose a way to make it black and white. You can make it grayscale (for me: Image >> Mode >> Grayscale) or what i think is an easier way, basically sucking the color out of it in the hue form (Ctrl + U , Saturation -100)

You can play around with the color if you dont want just B&W. Just click Colorize in the corner and play with the Hue.

6. Click okay and then thats it.
