Yup, the driver's side (left side) of the engine is where the noise comes from. I think Toyota calls is a "VSV" valve or something like that. It the ticking really bothers you, try removing the sensor and "padding" it a bit before bolting it back in place. I've heard of people using relatively thick double sided tape to act as a cushion, and I've also heard of people placing a small o-ring around the mounting bolt so that it sits between the engine and the sensor. Supposedly, this is supposed to quiet it down.