Manchester City are "fully co-operating in good faith" with Uefa's ongoing investigation into alleged breaches of Financial Fair Play regulations by the club.
The Premier League champions have, however, expressed concern about reports that investigators will push for a Champions League ban before any official statement has been made by the European governing body.
Uefa opened an investigation into alleged financial irregularities at the club earlier this year.
A statement from City read: "Manchester City FC is fully co-operating in good faith with the CFCB IC's (club financial control body investigatory chamber) ongoing investigation.
"In doing so the club is reliant on both the CFCB IC's independence and commitment to due process; and on Uefa's commitment of March 7 that it '...will make no further comment on the matter while the investigation is ongoing'.
"The New York Times report citing 'people familiar with the case' is therefore extremely concerning.
"The implications are that either Manchester City's good faith in the CFCB IC is misplaced or the CFCB IC process is being misrepresented by individuals intent on damaging the club's reputation and its commercial interests. Or both."