Step 1: Base generates a neighboring alkoxide.
\(\ce{MeO^-}\) deprotonates the free vicinal \(\ce{3\text{-}OH}\) to give the C-3 alkoxide. Intramolecular attack of this alkoxide on the adjacent tosylate-bearing C-2 proceeds by \(\mathrm{S_N2}\) with inversion at C-2, expelling \(\ce{TsO^-}\). This produces a \(2,3\)-\emph{anhydrosugar} (epoxide across C-2/C-3). Depending on the chair conformer adopted at the moment of attack, two equivalent drawings of the same \(2,3\)-epoxide connectivity are obtained (depicted as (A) and (B)).
Step 2: Competing neighboring-group participation by the ring oxygen.
Under strongly basic, intramolecularly favored conditions, the endocyclic ring oxygen can also act as a neighboring nucleophile and attack C-2, giving a \(1,2\)-epoxide fused to the ring (a \(1,2\)-anhydrosugar). This pathway corresponds to structure (C).
Step 3: Why (D) is not chosen.
Direct intermolecular substitution by \(\ce{MeO^-}\) at C-2 to furnish a simple \(2\)-\(\ce{OMe}\) product (D) is disfavored relative to the much faster \emph{intramolecular} cyclizations that give epoxides. In basic methanol, the epoxide-opening by \(\ce{MeO^-}\) is slower and requires additional conditions; thus the epoxide products (A/B/C) are the observed outcomes.
Hence, the reaction yields the epoxides in (A), (B), and (C), not the solvolysis product (D).