Henriques' beloved Sydney Sixers opted not to give the 39-year-old a deal for this summer and he was courted by other BBL franchises.
But Henriques, who played four Test matches and 420 domestic matches overall, says joining a rival of the Sixers "didn't feel right".
"Unfortunately for me, I haven't been offered a contract with the Sydney Sixers for the upcoming season," he said on Thursday.
"After a bit of deliberation, I have decided that it's time for me to call stumps on my BBL career and any playing commitments for NSW cricket moving forward.
"I had interest from other BBL teams, franchises, to play elsewhere. Not to disrespect the cultures of the teams that I haven't been a part of, I feel a deep commitment to the teams I have been a part of and it just didn't feel right to go elsewhere."
Henriques played 110 first-class games for NSW, including 33 as captain. The three-time Sheffield Shield winner quit first-class ranks before last summer.
The allrounder also played 112 one-dayers for the Blues, winning the domestic title five times.
And Henriques' T20 career featured 38 games for NSW and then 160 for the Sixers, including three titles.
His four Tests came between 2013-16 and Henriques also played 16 ODIs and 24 T20 internationals.
Born in Funchal in Portugal, Henriques migrated to Australia as a one-year-old with his family.
"When I first started school, I didn't speak English all that well and I had a strange name so I didn't really fit in, I got teased a fair bit," he said.
"It wasn't until my confidence grew through sport and in particular through cricket and the camaraderie that cricket brings, that I started to feel confident enough socially and at school to fit in to I guess what you call the Australian culture.
"I felt very fortunate that cricket gave me an opportunity to feel like I belonged in the community."
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