This illustration originally appeared in a print magazine (you can see where the gutter has been imperfectly removed by the person who scanned it). Unfortunately it is not simple to identify the magazine or illustration. The style is typical of illustrations appearing (often without an identified illustrator credit) in Japanese bondage magazines starting with the venerable Kitan Club after WWII and continuing through a long series of titles like (in the 1970s and 1980s) SM Play, SM King, SM Fan, S&M Frontier, and many more. There is a profusion of scanned artwork on the web from these vintage magazines but little of it is searchable without Japanese-language skills. Here, for example, is a gallery of such artwork that includes this illustration plus a companion piece clearly by the same artist, and many more in similar styles. From the style of these pieces, I suspect they date to the 1980s, but that is close to pure speculation.
Image provenance by Bacchus at Erosblog.