City have been under investigation by a UEFA regulatory committee over a series of leaks into their financial conduct were published.
It was reported last week that City could be banned from Europe's premier competition if found guilty, with the case now referred to Club Financial Control Body adjudicatory chamber.
But Sterling says: "It is way above my pay grade. I don't have a clue about that.
"It is something you hear in the background, you hear people always talking.
"But I have got full confidence in the club that they have done everything on their part and to the upmost of their ability that they are not going to do anything that is going to put us in jeopardy and be able to compete on all fronts in the Champions League."