Verdict
It is not in Teresa of Ávila's work
Modern attribution with no source in the Teresian corpus; the phrase has circulated in English since the twentieth century and seems to derive from the novel Mr. Blue (Myles Connolly, 1928) or its later diffusion.
Source: Teresa de Jesús. Obras completas. Transcripción, introducciones y notas de Efrén de la Madre de Dios y Otger Steggink. Madrid: Biblioteca de Autores Cristianos, 1962 (ediciones posteriores revisadas).
What they did say
Verified words of Teresa of Ávila
«Let nothing disturb you, let nothing frighten you; all things pass away, God does not change; patience obtains everything; whoever has God lacks nothing: God alone suffices.»
Poesías, letrilla hallada en su breviario («Nada te turbe»)
«I live without living in myself, and so high a life I await, that I die because I do not die.»
Poesías, «Vivo sin vivir en mí» (glosa)
«Mental prayer, in my opinion, is nothing else than an intimate sharing between friends; it means taking time frequently to be alone with him who we know loves us.»
Libro de la vida, cap. 8, 5
