In its written reasons explaining its sanction, published on Friday, the commission said Toney had admitted repeatedly lying during his initial interviews with the FA.
The FA initially wanted to impose a 15-month ban on Toney because he attempted to conceal his betting, knowing it was against FA rules. This included betting through third parties and deleting relevant messages from his mobile phone, it said, then knowingly giving "clearly false answers" during his interviews with the FA.