having the nature of; an abstract or collective nominal suffix that, when possessed, expresses inalienable or organic possession of the noun
With organic possession, or inalienable possession, we can see the difference between nonac (my meat, as in, on my plate) and nonacayo (my body, or my flesh, a common testamentary term), or between īezhui (its blood, perhaps the meal of a blood-drinking beast) and īezzo (his blood, flowing through a person's veins).
With capes of various designs, the -yo ending refers to the design. e.g. axayacayo = cape with water-face design; tlachquauhyo tilmatli = cape with ball court design; tonatiuhyo tilmatli = cape with sun design.
An abstract; can also mean "something that belongs, or is an inherent part, of something else; a noun with '-yotl' not possessed is merely a statement that something has that thing."
teotl = God, teoyotl = divinity
tecuio = lordship
nocal yhuan tlalmayo = my house and the level land that goes with it (tlalmantli + yotl)
-yoc (from -yotl; the -c is a locative; still means the same, like -ness or -ship in English)
tenancayotl = to have the quality of affairs having to do with the Tenanca (people of Tenanco) or Tenancatl (person of Tenanco)
-otl (e.g., after a final z, the y will drop away -- mahuitzotl, having the quality of honor, honor, reverence)