Currently, the limits on accessing the I/O of the MSX-AUDIO are not emulated.
The limitations are described in Table 2-2 on page 10 of the application manual:
http://map.grauw.nl/resources/sound/yamaha_y8950.pdf
Address write: 12 cycles
Data write: 12 or 84 cycles
These are quite specific numbers, but probably some further testing is required to confirm them, as well as the behaviour when access is too fast.
After a test with cycle-accurate timing on turboR, I have established that the required wait after an address write is exactly 11 MSX-AUDIO clock cycles.