There are two components to the settling accuracy of the amplifier. Once you use the word "settling", it already suggests that you also look at things dynamically.
So, first you have the DC settling - that is where the amplifier output ends at when you wait infinitely long time. This is defined by you loop gain T and that static error is about equal to 1/T.
Second, you have on top of that also dynamic settling - you give a step at the amplifier input and look how much the output has settled (with respect to the DC value defined by the static error) at given time. So here you don't wait infinitely long. The error from dynamic settling is exp(-t/tau) - this is assuming first order roll off of your frequency response and doesn't take into account any slewing.