"Though there are a number of first-team player contracts now under consideration, Pablo's situation is the only one that has been fully finalised", said a club statement.
City boss Pep Guardiola has heaped praise on to the outgoing defender, admitting that it will not be easy to replace him this summer.
"This season has been tough for us, something went wrong. but at the end we still have a chance to go into the Champions League and I'm sure we can improve next season", he said.
Pablo Zabaleta will get one after it was confirmed last week that he will be leaving when his contract expires this summer, but the wait goes on for Toure and several other first-team players who are waiting to see where their respective futures lie.
Pablo Zabaleta says it will be an emotional night when he bids farewell to Manchester City fans in the final home game of the season on Tuesday.
The Spaniard may not have relied heavily on Zabaleta since arriving at City but he left no doubt about the esteem in which he holds the 32-year-old, who pre-dates the club's 2008 takeover alongside Vincent Kompany and Joe Hart.
Meanwhile, Guardiola claims his first season at City would have ended in the sack at former clubs Barcelona and Bayern Munich. We were not the main club in the city.
"I remember at that time [Sir Alex] Ferguson and the 'noisy neighbours, ' and this is something that I have been since that time!"
"For me, we couldn't let people say something like that about us". We play for a lot of important things, so they have to come to support us more than ever and to express the gratitude to one of the most important players in the whole history of Manchester City. Let's prove that we are a club that is looking to achieve important things, and maybe one day be the main club in the city'.
Despite Man City's win over Leicester, Shaka Hislop feels Pep Guardiola must do a better job at managing games.
Guardiola's side were 2-0 up after 36 minutes thanks to a David Silva strike and Gabriel Jesus' penalty before Shinji Okazaki pulled a goal back for Leicester just before the break.
"It takes time for a manager to settle in and get what he wants, you can't do it in one season or two transfer windows", said Pulis.
Shakespeare added: 'Riyad is probably more self-critical than anybody realises.
The second half became an increasingly physical contest, after Albrighton was caught by Fernandinho's forearm as they chased a loose ball down the touchline.