Title-chasing Manchester City had four of their key players named in the XI.
England goalkeeper Joe Hart was selected between the posts while there were also places for defender Vincent Kompany and midfielders Yaya Toure and David Silva.
Tottenham had three players included, with England internationals Kyle Walker and Scott Parker joined by last year's PFA Player of the Year Gareth Bale.
Wayne Rooney was the only representative from champions Manchester United with the league's top goalscorer, Arsenal's Robin van Persie, joining him in attack.
Everton full-back Leighton Baines was rewarded for another impressive season by being handed a place, meaning there were no representatives from Champions League semi-finalists Chelsea.
Premier League team of the year: Joe Hart (Man City), Kyle Walker (Tottenham), Vincent Kompany (Man City), Fabricio Coloccini (Newcastle), Leighton Baines (Everton), David Silva (Man City), Yaya Toure (Man City), Gareth Bale (Tottenham), Scott Parker (Tottenham), Robin van Persie (Arsenal), Wayne Rooney (Man Utd).
Championship team: Kelvin Davis (Southampton), Nathaniel Clyne (Crystal Palace), James Tomkins (West Ham), Curtis Davies (Birmingham), Ian Harte (Reading), Adam Lallana (Southampton), Peter Whittingham (Cardiff), Mark Noble (West Ham), Matt Phillips (Blackpool), Rickie Lambert (Southampton), Jay Rodriguez (Burnley).
League One team: Ben Hamer (Charlton), Jack Hunt (Huddersfield), Michael Morrison (Charlton), Harry Maguire (Sheff Utd), Rhoys Wiggins (Charlton), Johnnie Jackson (Charlton), Stephen Quinn (Sheff Utd), Stephen Gleeson (MK Dons), Darren Potter, Jordan Rhodes (Huddersfield), Ched Evans (Sheff Utd).
League Two team: Robert Olejnik (Torquay), Paul Caddis (Swindon), Kyle McFadzean (Crawley), Ian Sharps (Shrewsbury), Kevin Nicholson (Torquay), Matt Ritchie (Swindon), Marlon Pack (Cheltenham), Eunan O'Kane (Torquay), Lee Mansell (Torquay), Izale McLeod (Barnet), Tyrone Barnett (Crawley).