"Localization" is probably the wrong term, but I think I know what you mean... It more has to do with "expression." While the exact mechanism to my knowledge is not elucidated, it has to do with the type of motor neuron innvervating the fiber.
This has been demonstrated by studies where they cross-inervated; that is, they took the neurons which usually innervate Type I muscle fibers and innervated Type II muscle fibers with them and vice versa. The Type I fibers took on fast glycolytic properties, whereas the Type II took on the slow oxidative features (such as higher levels of mitochondria and myoglobin that you're talking about).
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### Source:
Sherwood L, Kell R. _Human Physiology, First Canadian Edition._ pp. 282-283.