The Ivory Coast midfielder has been linked with a move to Paris Saint-Germain after his agent, Dimitri Seluk, claimed that he was "bitterly upset" by the way he had been treated at City.
According to Seluk, none of the club's owners shook his hand when they travelled to the United Arab Emirates at the end of the season a short time after his 31st birthday.
Toure initially backed his agent's comments but has now told Sky Sports that he is looking forward to remaining at the Etihad Stadium for the forseeable future.
“They’ve always been good with me and my family,” he said. “I want to say [to the fans] that I will always honour my contract and stay as long as possible and don’t think about all the speculation they’ve seen saying I’ll be leaving.
"I think for what the fans have done for me, and the club as well, it’s a big pleasure to stay and continue and try to enjoy the next season.
“There are more important things than money because sometimes in life it’s been to be in a good way and healthy. That aspect is very important. The team is preparing well and we’ll try to win again next year.”
Seluk has also now ruled out a move for his client. "He is 100 per sent staying with City next season, not [moving to] PSG or anywhere else," he told the Manchester Evening News.
Toure signed a new deal with City a year ago and is under contract until 2017. He scored 20 league goals in 35 games as Manuel Pellegrini's team won the Premier League last season.