The 32-year-old midfielder, who has two years to run on the four-year contract he signed in 2013, looked all set for a summer departure from The Etihad with former City boss Roberto Mancini keen to take him to Inter Milan.
But after talks with City officials, the Ivory Coast international reaffirmed his commitment to the club and on Tuesday he outlined his hopes for the new campaign.
“I’m just really looking forward to next season and it feels great to be back,” he told the club’s website.
“I’m going to work as hard as I can in pre-season and we’re already looking forward to playing in front of our own fans again in six weeks or so.”
Toure, who signed from Barcelona for £24million back in 2010, added: “I’m not the biggest fan of pre-season if I’m honest, but we all know we have to prepare well and eat properly so we’re good to go at the start of the season.
“As for predictions, I don’t want to say we’ll do this or that – just that we have our targets and we want to make the fans and this club proud. Last season was disappointing by our own standards because we know we could have done better.
“We are looking forward to welcoming some new players as well which will strengthen the team and together we want to achieve something really big this year. We are looking forward to bouncing back very strongly.”