This rare kanji has no clear standalone meaning. Treat its meaning as uncertain.
衱 combines the clothing radical 衤 with the phonetic component 及. The exact historical meaning is uncertain, but it likely relates to clothing or mending.
The left side 衤 suggests clothing, and the right side 及 can mean 'reach' or 'extend'. Imagine reaching for a needle and thread to mend a garment.
For キョウ, picture a tailor in Kyoto carefully mending a kimono: Kyoto -> キョウ, and the tailor's hands reach for the fabric.