This paper reveals the latency errors in the manufacturing and assembly of the toroidal drive and integrates these errors in the coordinate systems and the mathematical models of the meshing equations for the conjugate surfaces between the planet worm-gear and the sun-worm and between the planet worm-gear and the stationary internal toroidal gear. The paper further develops the tooth profile model and the contact curves with the latency errors and examines the error effect on the helix model and the helix lead angle model. In addition, two kinds of limit curve model and the induced normal curvature models are further derived. This provides a comprehensive study of error effect on the meshing characteristics of the novel drive.