The Gunners had to fight back twice as Theo Walcott and Shkodran Mustafi equalised goals from Leroy Sane and Sergio Aguero at Etihad Stadium.
Victory would have been a welcome tonic for Wenger, who has come in for heavy criticism from Arsenal's fans, but after four defeats in five Premier League games, the point was welcome. You could see that the team were touched on the confidence front and that the fluency in our game suffered.
"At 2-1 just before half time our fans could have turned against us but they were absolutely sensational today to help the team get through hard moments". "Mathematically a draw is not the best solution for both teams but it is a point which will help us", he said.
Arsenal, will host West Ham on Wednesday in a Premier League clash, and are now sixth in the table, seven points from Manchester City in fourth.
Arsene Wenger rubbished the notion that he could give up management if his two-decade reign at Arsenal ends, saying that "retiring is for young people". "In very hard moments in the game, I felt our fans, at 1-0 down, 2-1 down just before halftime, could have turned against us". That individual does not attach the same significance as Wenger to a top-four finish but the man himself continued to argue his corner.
The Arsenal boss hailed the supporters to be "absolutely sensational", despite further protests calling for him to call it a day at the Emirates at the end of the season.
Arsenal fans staged a march outside the Emirates Stadium before kick-off to protest against Wenger being offered a new contract and, inside, the atmosphere was tense throughout.
City manager Pep Guardiola was incensed on the sidelines.
"Of course I'm as hungry", he said.
"I love to win football games".
Wenger admitted he'd seen the signs on his way into training but mocked the supporters for wasting their time in such a futile exercise.
"After the first half, we score a goal, forgot to play", Guardiola said in a blunt assessment.
The Gunners have 51 points and are in sixth place, with two postponed games to go against Southampton and Sunderland. I lead with the values I think are important in life.
"At this point of the season and the position we're at, we know it's not good enough for us and it wouldn't be good for us to lose three points again".