| Servicer's Certificate                                      |
|-------------------------------------------------------------|
| for the Collection Period May 01, 2012 through May 31, 2012 |
| for Payment Date of June 15, 2012                           |
| Toyota Auto Receivables 2011-B Owner Trust                  |
| Toyota Auto Finance Receivables, LLC                        |
| SELLER                                                      |
|                                                             |
| SERVICER                                                    |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

|                             |   | 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     | $31,790,719.40    | 0.0662307 | $0.00               | $31,790,719.40      | $0.00             |   | $0.00             |   | 0.0000000 |
|   A-2                  |   | $510,000,000.00   |   | 4/15/14      | $510,000,000.00   | 1.0000000 | $0.00               | $5,967,585.92       | $12,751,699.50    |   | $491,280,714.58   |   | 0.9632955 |
|   A-3                  |   | $368,000,000.00   |   | 6/15/15      | $368,000,000.00   | 1.0000000 | $0.00               | $0.00               | $0.00             |   | $368,000,000.00   |   | 1.0000000 |
|   A-4                  |   | $98,693,000.00    |   | 11/15/16     | $98,693,000.00    | 1.0000000 | $0.00               | $0.00               | $0.00             |   | $98,693,000.00    |   | 1.0000000 |
|       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 |   |         | $1,051,989,719.40 |      | $0.00               | $37,758,305.32      | $12,751,699.50    |   | $1,001,479,714.58 |   | 0.6675646 |

|                                   |          | Interest      | Prior     | Interest     |   | Current   |   | Total                 |   |
|----------------------------------------|---------------|---------------|-----------|--------------|--------|-----------|--------|-----------------------|--------|
| Class                                  | Interest Rate | Distributable | Interest  | Distribution |   | Interest  |   | Principal &       |   |
|                                   |          | Amount        | Carryover | Amount       |   | Carryover |   | Interest Distribution |   |
|    A-1                       | 0.32628%      | $8,932.03     | $0.00     | $8,932.03    |   | $0.00     |   | $31,799,651.43        |   |
|    A-2                  | 0.53000%      | $225,250.00   | $0.00     | $225,250.00  |   | $0.00     |   | $18,944,535.42        |   |
|    A-3                  | 0.68000%      | $208,533.33   | $0.00     | $208,533.33  |   | $0.00     |   | $208,533.33           |   |
|    A-4                  | 0.94000%      | $77,309.52    | $0.00     | $77,309.52   |   | $0.00     |   | $77,309.52            |   |
|        B |          | $0.00         | $0.00     | $0.00        |   | $0.00     |   | $0.00                 |   |
|   Total                      |          | $520,024.88   | $0.00     | $520,024.88  |   | $0.00     |   | $51,030,029.70        |   |

| Credit Enhancement                       |
|------------------------------------------|
|                                     |
| Reserve Account                          |   |   | Yield Supplement Overcollateralization Amount |
|                                     |
| Initial Deposit Amount                   | $3,750,499.85 |   | Begining Period Amount | $45,369,994.97 |
| Specified Reserve Account Amount         | $3,750,499.85 |   | Increase/(Decrease) | $(2,999,349.54) |
| Beginning Balance                        | $3,750,499.85 |   | Ending Period Amount | $42,370,645.43 |
| Withdrawals                              | $0.00 |   |   |   |
| Amount Available for Deposit             | $16,831,802.26 |   | Overcollateralization |   |
| Amount Deposited to the Reserve Account  | $0.00 |   | Adjusted Pool Balance | $1,014,231,414.08 |
| Reserve Account Balance Prior to Release | $3,750,499.85 |   | Total Note Balance | $1,001,479,714.58 |
| 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 |   |   |   |

----

| Servicer's Certificate                                      |
|-------------------------------------------------------------|
| for the Collection Period May 01, 2012 through May 31, 2012 |
| for Payment Date of June 15, 2012                           |
| Toyota Auto Receivables 2011-B Owner Trust                  |
| Toyota Auto Finance Receivables, LLC                        |
| SELLER                                                      |
|                                                             |
| SERVICER                                                    |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

| Liquidations of Charge-offs and Repossessions                  |     |
|----------------------------------------------------------------|----------|
|                                                           |     |   | Amount |   |
| Liquidated Contracts                                           | 25  |  vehicles |   |   |
| Gross Principal of Liquidated Receivables                      |     |   | $366,797.01 |   |
| Principal of Repurchased Contracts, previously charged-off     |     |   | $0.00 |   |
| Net Liquidation Proceeds Received During the Collection Period |     |   | $(187,724.30) |   |
| Recoveries on Previously Liquidated Contracts                  |     |   | $(53,556.88) |   |
| Net Credit Losses for the Collection Period                    |     |   | $125,515.83 |   |
| Cumulative Credit Losses for all Periods                       | 142      |  vehicles | $911,667.26 |   |
|                                                           |     |   |   |   |
| Cumulative Net Loss Ratio                                      |     |   |  0.05793% |   |
|                                                           |     |   |   |   |
| Repossessed in Current Period                                  | 17       |  vehicles |   |   |

| Delinquent and Repossessed Contracts |                |
|--------------------------------------|---------------------|
|                                 |                |   |   |   |   |   |   |   |
|                                 |  Percentage of |   |   |   |  Percentage of Current |   |   |   |
|                                 |  Current Month |   |   |   |  Month Receivables |   |   |   |
|                                 | Number of Contracts |   | Units |   | Pool Balance |   | Balance |   |
| 30-59 Days Delinquent                | 0.40%               |   | 370 |   | 0.43% |   | $4,538,839.72 |   |
| 60-89 Days Delinquent                | 0.06%               |   | 51 |   | 0.05% |   | $561,331.07 |   |
| 90-119 Days Delinquent               | 0.03%               |   | 24 |   | 0.03% |   | $310,707.66 |   |
| 120 or More Days Delinquent          | 0.00%               |   | 0 |   | 0.00% |   | $0.00 |   |
| Total Delinquencies                  |                |   | 445 |   |   |   | $5,410,878.45 |   |
|                                 |                |   |   |   |   |   |   |   |
| Repossessed Vehicle Inventory        |                |   | 24 |   |   |   |   |   |
| * Included with Delinquencies Above  |                |   |   |   |   |   |   |   |

| Pool Data                                |              |
|------------------------------------------|-------------------|
|                                     | Original          |   | Prior Month |   | Current Month |   |
| Receivables Pool Balance                 | $1,573,816,681.42 |   | $1,110,111,413.87 |   | $1,056,602,059.51 |   |
| Number of Contracts                      | 111,163           |   | 94,102 |   | 91,772 |   |
| Weighted Average APR                     | 2.99%             |   | 2.91% |   | 2.90% |   |
| Weighted Average Remaining Term (Months) | 42.05             |   | 35.90 |   | 35.13 |   |

----

| Servicer's Certificate                                      |
|-------------------------------------------------------------|
| for the Collection Period May 01, 2012 through May 31, 2012 |
| for Payment Date of June 15, 2012                           |
| Toyota Auto Receivables 2011-B Owner Trust                  |
| Toyota Auto Finance Receivables, LLC                        |
| SELLER                                                      |
|                                                             |
| SERVICER                                                    |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

| Collections                                          |
|------------------------------------------------------|
| Principal Payments Received                          | $37,545,142.09 |
| Prepayments in Full                                  | $15,597,415.26 |
| Interest Payments Received                           | $2,651,386.77 |
| Aggregate Net Liquidation Proceeds                   | $241,281.18 |
| Interest on Repurchased Contracts                    | $0.00 |
| Total Collections                                    | $56,035,225.30 |
| 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                          | $56,035,225.30 |

| Distributions |
|---------------|

|                                          |              |   |           |   |      |   |
|-----------------------------------------------|-------------------|--------|----------------|--------|-----------|--------|
|                                          | Calculated Amount |   | Amount Paid    |   | Shortfall |   |
| Servicing Fee                                 | $925,092.84       |   | $925,092.84    |   | $0.00     |   |
| Interest - Class A-1 Notes                    | $8,932.03         |   | $8,932.03      |   | $0.00     |   |
| Interest - Class A-2 Notes                    | $225,250.00       |   | $225,250.00    |   | $0.00     |   |
| Interest - Class A-3 Notes                    | $208,533.33       |   | $208,533.33    |   | $0.00     |   |
| Interest - Class A-4 Notes                    | $77,309.52        |   | $77,309.52     |   | $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 | $37,758,305.32    |   | $37,758,305.32 |   | $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       | $4,080,102.76     |   | $4,080,102.76  |   | 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          | $8,932.03 |   | $0.02 | $31,790,719.40 |   | $66.23 | $31,799,651.43 |   | $66.25 |
| Class A-2 Notes          | $225,250.00 |   | $0.44 | $18,719,285.42 |   | $36.70 | $18,944,535.42 |   | $37.14 |
| Class A-3 Notes          | $208,533.33 |   | $0.57 | $0.00 |   | $0.00 | $208,533.33 |   | $0.57 |
| Class A-4 Notes          | $77,309.52 |   | $0.78 | $0.00 |   | $0.00 | $77,309.52 |   | $0.78 |
| Class B Notes            | $0.00 |   | $0.00 | $0.00 |   | $0.00 | $0.00 |   | $0.00 |

----

| Servicer's Certificate                                      |
|-------------------------------------------------------------|
| for the Collection Period May 01, 2012 through May 31, 2012 |
| for Payment Date of June 15, 2012                           |
| 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/ Ron Chu                        |
|------------------------------------|
| Ron Chu                            |
| Vice PresidentAccounting & Tax |

| Page 4 of 4 |
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