It has been a testing and eventful summer for Toure, with the Ivory Coast international - who was clearly upset with his country's sub-standard showing at the World Cup in Brazil - having repeatedly fell out with his current employers over a number of issues.
Such problems led to much speculation over the 31-year-old's future, with Manchester United having reportedly held a hope of completing a £40 million move for his services. Chelsea have also been linked with a surprise swoop for Toure yet, in an interview that was quoted by The Daily Express, the player seemed content to quash any gossip by insisting that he plans to remain at the Etihad Stadium.
"The fans have always been good to me, they've always been good to my family," he said.
"I want to stay. I will always honour my contract. I don't think about all this speculation. It's a big pleasure to stay and enjoy the next season."
Such a clear u-turn will surely come as a great source of comfort and relief to Manchester City supporters that could have been forgiven for harbouring realistic concerns that they were on the verge of losing the services of arguably the Premier League's best midfield talent.
Toure - who joined the Citizens from Catalan giants Barcelona back in 2010 - was absolutely instrumental in helping the club to win their second top-flight title of the modern era last season, finishing the campaign as Manchester City's top Premier League goalscorer with 20.
Although manager Manuel Pellegrini would almost certainly have been offered significant funds to replace Toure in the event that he did leave this summer, the loss of such an influential character could have had an absolutely devastating impact on their hopes of retaining their trophy and making a bigger impact on the European stage.
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Van Gaal and Mourinho must move on
The chances of Manchester City having been content to offload Toure to a direct English rival appeared incredibly slim from the outset, so it seems very doubtful indeed that either Manchester United or Chelsea would have invested too much faith in securing his signature.
Louis van Gaal is in need of adding a midfielder with a similarly dominant presence to his new squad at Old Trafford, however, and will presumably be hoping for more luck in pursuit of Juventus talisman Arturo Vidal.
Chelsea, meanwhile, have already considerably strengthened their own midfield this summer, with Jose Mourinho having secured the impressive capture of former Arsenal captain Cesc Fabregas from Barcelona.
Such a purchase does not appear to have dampened the Portuguese's enthusiasm to seek further world-class recruits in this area, however, with Chelsea also believed to be interested in a potential deal for Real Madrid engine and German World Cup winner Sami Khedira.