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McCabe said it would be "inappropriate" to discuss figures of compensation despite reports claiming the Hammers could be forced to pay Ј30m.
West Ham were found guilty of breaching league regulations in the signing of Tevez and Javier Mascherano in 2006.
The Hammers survived in the Premier League in 2007 at the Blades' expense.
Rather than being docked points by the three-man Premier League arbitration panel, West Ham were fined Ј5.5m and went on to survive the drop on the final day, while Sheffield United were relegated.
Having failed in their attempt to have the original punishment overturned, the Yorkshire outfit sought monetary recognition.
McCabe told the club website: "I can confirm that both clubs have been notified of the ruling. The arbitration panel has awarded in our favour.
"The matter is still legally in process so I do not wish to comment any further until we have completed that process."
A club statement added: "The Blades began their legal fight for reinstatement some 16 months which also included an arbitration hearing against the Premier League.
"This award could now pose a question as to what the Premier League will do."
Sheffield United's claim was considered by former MCC president Lord Griffiths, Sir Anthony Colman, a former High Court judge, and Robert Englehart QC.
A West Ham spokesperson told BBC Radio 4: "We need to digest the full findings of the arbitration panel and will consult our lawyers on the next steps we might take before making any further comment."
Tevez and Mascherano were brought to Upton Park from Brazilian club Corinthians on the final day of the 2006 summer transfer window.
The pair were judged to have been partially-owned by Kia Joorabchian's Media Sports Investment (MSI) company and have since moved on to Manchester United and Liverpool respectively.
With nine matches remaining in the 2006-07 season, West Ham were rooted to the bottom of the Premier League and 10 points adrift of safety, while Sheffield United were two places above the drop zone.
Tevez then scored five goals, including the winner against Manchester United at Old Trafford on the final day, to secure West Ham's survival.
"This judgement could have serious financial implications for West Ham," said BBC Radio 5 Live sports news correspondent Gordon Farquhar.
"Sheffield United's case is that they unfairly suffered relegation in the 2006-07 season after West Ham profited from the services of a player they broke the rules in signing.
"The Hammers were found guilty of acting improperly and withholding vital documentation and were fined Ј5.5m but not docked points at the time by the Premier League.
"Tevez's goals helped keep West Ham up, Sheffield United went down and since have embarked on a series of legal challenges, latterly to get compensation directly from West Ham.
"They've claimed tens of millions but the actual sum hasn't yet been disclosed."
(BBC)
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