Servicer's Certificate

for the Collection Period October 01, 2014 through October 31, 2014

for Payment Date of November 17, 2014

Toyota Auto Receivables 2011-B Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

SERVICER

Collection Period		31								30/360 Days				30
Interest Accrual Period		33								Actual/360 Days				33

	Initial Principal	Final	Beginning		Beginning	First Priority			Second Priority		Regular Principal	Ending		Ending
Class	Balance	Scheduled	Principal		Principal	Principal			Principal		Distribution	Principal		Principal
		Payment Date	Balance		Factor	Distribution Amount			Distribution Amount		Amount	Balance		Factor
A-1	$480,000,000.00	10/15/12	$0.00		0.0000000	$0.00			$0.00		$0.00	$0.00		0.0000000
A-2	$510,000,000.00	4/15/14	$0.00		0.0000000	$0.00			$0.00		$0.00	$0.00		0.0000000
A-3	$368,000,000.00	6/15/15	$0.00		0.0000000	$0.00			$0.00		$0.00	$0.00		0.0000000
A-4	$98,693,000.00	11/15/16	$80,303,104.96		0.8136657	$0.00			$2,556,367.62		$12,751,699.50	$64,995,037.84		0.6585577
B	$43,506,000.00	7/17/17	$43,506,000.00		1.0000000	$0.00			$0.00		$0.00	$43,506,000.00		1.0000000
Total	$1,500,199,000.00		$123,809,104.96			$0.00			$2,556,367.62		$12,751,699.50	$108,501,037.84		0.0723244

		Interest	Prior		Interest			Current		Total
Class	Interest Rate	Distributable	Interest		Distribution			Interest		Principal &
		Amount	Carryover		Amount			Carryover		Interest Distribution
A-1	0.32628%	$0.00	$0.00		$0.00			$0.00		$0.00
A-2	0.53000%	$0.00	$0.00		$0.00			$0.00		$0.00
A-3	0.68000%	$0.00	$0.00		$0.00			$0.00		$0.00
A-4	0.94000%	$62,904.10	$0.00		$62,904.10			$0.00		$15,370,971.22
B		$0.00	$0.00		$0.00			$0.00		$0.00
Total		$62,904.10	$0.00		$62,904.10			$0.00		$15,370,971.22

Credit Enhancement

Reserve Account							Yield Supplement Overcollateralization Amount

Initial Deposit Amount				$3,750,499.85			Beginning Period Amount						$2,008,963.49
Specified Reserve Account Amount				$3,750,499.85			Increase/(Decrease)						$(358,793.84)
Beginning Balance				$3,750,499.85			Ending Period Amount						$1,650,169.65
Withdrawals				$0.00
Amount Available for Deposit				$13,295,181.70			Overcollateralization
Amount Deposited to the Reserve Account				$0.00			Adjusted Pool Balance						$121,252,737.34
Reserve Account Balance Prior to Release				$3,750,499.85			Total Note Balance						$108,501,037.84
Reserve Account Required Amount				$3,750,499.85			Ending Overcollateralization Amount						$12,751,699.50
Reserve Account Release to Seller				$0.00			Overcollateralization Target Amount						$12,751,699.50
Ending Reserve Account Balance				$3,750,499.85

Page 1 of 4

Servicer's Certificate

for the Collection Period October 01, 2014 through October 31, 2014

for Payment Date of November 17, 2014

Toyota Auto Receivables 2011-B Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

SERVICER

Collection Period	31				30/360 Days			30
Interest Accrual Period	33				Actual/360 Days			33

Liquidations of Charge-offs and Repossessions
						Amount
Liquidated Contracts			16	vehicles
Gross Principal of Liquidated Receivables						$78,270.24
Principal of Repurchased Contracts, previously charged-off						$0.00
Net Liquidation Proceeds Received During the Collection Period						$(16,246.79)
Recoveries on Previously Liquidated Contracts						$(81,385.53)
Net Credit Losses for the Collection Period						$(19,362.08)
Cumulative Credit Losses for all Periods			761	vehicles		$2,643,677.03

Cumulative Net Loss Ratio						0.16798%

Repossessed in Current Period			5	vehicles


Delinquent and Repossessed Contracts

		Percentage of Current Month Number of Contracts			Percentage of Current Month Receivables Pool Balance
		Percentage of Current Month Number of Contracts	Units		Percentage of Current Month Receivables Pool Balance		Balance

30-59 Days Delinquent		1.07%	338		1.44%		$1,765,290.98
60-89 Days Delinquent		0.22%	70		0.30%		$365,724.86
90-119 Days Delinquent		0.04%	14		0.06%		$69,258.26
120 or more Days Delinquent		0.00%	0		0.00%		$0.00
Total Delinquencies			422				$2,200,274.10

Repossessed Vehicle Inventory			5
* Included with Delinquencies Above

Pool Data
		Original	Prior Month		Current Month
Receivables Pool Balance		$1,573,816,681.42	$138,569,767.95		$122,902,906.99
Number of Contracts		111,163	33,204		31,684
Weighted Average APR		2.99%	2.95%		2.99%
Weighted Average Remaining Term (Months)		42.05	13.20		12.47

Page 2 of 4

Servicer's Certificate

for the Collection Period October 01, 2014 through October 31, 2014

for Payment Date of November 17, 2014

Toyota Auto Receivables 2011-B Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

SERVICER

Collection Period		31							30/360 Days				30
Interest Accrual Period		33							Actual/360 Days				33

Collections
Principal Payments Received				$12,851,521.97
Prepayments in Full				$2,737,068.75
Interest Payments Received				$343,705.19
Aggregate Net Liquidation Proceeds				$97,632.32
Interest on Repurchased Contracts				$0.00
Total Collections				$16,029,928.23
Principal of Repurchased Contracts				$0.00
Principal of Repurchased Contracts, prev charged-off				$0.00
Adjustment on Repurchased Contracts				$0.00
Total Repurchased Amount				$0.00

Total Available Collections				$16,029,928.23

Distributions

					Calculated Amount			Amount Paid			Shortfall

Servicing Fee						$115,474.81		$115,474.81			$0.00
Interest - Class A-1 Notes						$0.00		$0.00			$0.00
Interest - Class A-2 Notes						$0.00		$0.00			$0.00
Interest - Class A-3 Notes						$0.00		$0.00			$0.00
Interest - Class A-4 Notes						$62,904.10		$62,904.10			$0.00
First Priority Principal Distribution Amount						$0.00		$0.00			$0.00
Interest - Class B Notes						$0.00		$0.00			$0.00
Second Priority Principal Distribution Amount						$2,556,367.62		$2,556,367.62			$0.00
Reserve Account Deposit						$0.00		$0.00			$0.00
Regular Principal Distribution Amount						$12,751,699.50		$12,751,699.50			$0.00
Excess Amounts to the Certificateholder						$543,482.20		$543,482.20			N/A

Noteholder Distributions
	Interest		Per $1000 of			Principal	Per $1000 of			Amount		Per $1000 of
	Distributed		Original Balance			Distributed	Original Balance			Distributed		Original Balance

Class A-1 Notes	$0.00		$0.00			$0.00	$0.00			$0.00		$0.00
Class A-2 Notes	$0.00		$0.00			$0.00	$0.00			$0.00		$0.00
Class A-3 Notes	$0.00		$0.00			$0.00	$0.00			$0.00		$0.00
Class A-4 Notes	$62,904.10		$0.64			$15,308,067.12	$155.11			$15,370,971.22		$155.75
Class B Notes	$0.00		$0.00			$0.00	$0.00			$0.00		$0.00

Page 3 of 4

Servicer's Certificate

for the Collection Period October 01, 2014 through October 31, 2014

for Payment Date of November 17, 2014

Toyota Auto Receivables 2011-B Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

SERVICER




I hereby certify to the best of my knowledge that
the report provided is true and correct.

/s/	Cindy Wang
Name:	Cindy Wang
Title:	Vice President, Head of Treasury

























Page 4 of 4

Toyota Auto Receivables 2011-B Owner Trust 10-D