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Richards says City have offered to extend his time in Manchester - where the Birmingham-born defender has spent his entire senior career - but he wants to know whether manager Manuel Pellegrini rates him highly enough.
And the key for Richards is how many games he will play between now and the end of the season.
"I've already spoken to City and they're happy to extend my deal but I've said I want to see how many games I play this season," Richards told reporters.
"I don't ever want to leave City with the way it's going but it's one of those where you have to look at your career and say, 'are you playing enough?'
"Come the end of the season, I'll do that. Hopefully I'll have played enough but, at the moment, I don't think I am playing enough to get my top sharpness."
Pellegrini's side host Swansea City on Sunday, before travelling to West Brom on Wednesday.