Zaha has enjoyed a fine season for Ian Holloway's side but will leave the club at the end of the season to join up with Manchester United after signing for the Red Devils in January.
Murray has notched 30 goals this season and is the Championship's top scorer, while Bolasie has shone in the midfield for Holloway's team.
Brighton & Hove Albion left-back Wayne Bridge also makes the cut after a solid campaign in his loan spell from Manchester City. Champions Cardiff City are represented by defender Mark Hudson and winger Peter Whittingham.
Championship Team of the Year:
GK: Kaspar Schmeichel (Leicester City)
DEF: Kieran Trippier (Burnley)
DEF: Wes Morgan (Leicester City)
DEF: Mark Hudson (Cardiff City)
DEF: Wayne Bridge (Brighton & Hove Albion)
MID: Wilfried Zaha (Crystal Palace)
MID: Thomas Ince (Blackpool)
MID: Peter Whittingham (Cardiff City)
MID: Yannick Bolasie (Crystal Palace)
FWD: Glenn Murray (Crystal Palace)
FWD: Matej Vydra (Watford)