Speaking earlier this week, Toure, who was released by City at the end of the season after spending eight years with the Premier League champions, lashed out at his ex-coach, saying that he wanted to "destroy the Guardiola myth".
"At a time when English clubs are spending huge sums of money on players, I officially declare that Yaya is ready to move to any top-six English club as a free agent with a salary of £1 per week", he said.
In an interview with France Football, Toure strongly criticised the Manchester City boss. "Do you really think he could've been like that with Iniesta?"
Guardiola's success was made all the more special due to the number of homegrown talent in Barca's ranks, but the 47-year-old has no intention of going back as he does not want to ruin his own legacy.
"It got to the point I asked myself if it was because of my colour".
"He's too intelligent to be caught". He'll never admit it [not liking Africans].
Guardiola initially refused to say anything when quizzed about the interview by Spanish reporters, but in an interview with TV3 has made his first comments on the allegations.
"They were lies, and he knows it", he said. "We were together two years and now is when he says it".
'But the day he will line up a team in which we find five Africans, not naturalised, I promise I will send him a cake'. "He never told me face-to-face".
Guardiola has responded to the comments from his former player, telling Televisio de Catalunya: "He knows that I'm not racist".