I will use Inclusion-Exclusion here. See this article for an
introduction to Inclusion-Exclusion.
Then, see this answer for an explanation of and justification for the Inclusion-Exclusion formula.
The answer will be
$$\frac{N}{D} ~: ~D = z^y. \tag1 $$
In (1) above, $~D = z^y~$ represents that you have $~y~$ decisions to make, and $~z~$ choices for each decision.
Index the things $~T_1, T_2, \cdots, T_x, T_{x+1}, \cdots, T_z.~$
So, the entire problem reduces to having $~N~$ denote the number of equally likely ways that each of $~T_1, \cdots, T_x~$ is chosen at least once.
Let $~S~$ denote the entire collection of distributions of the $~z~$ things which are picked by $~y~$ possible decisions. So $~|S| = z^y.$
For $~k \in \{1,2,\cdots,x\},~$ let $~S_k~$ denote the subset of $~S~$ where thing $~T_k~$ is not selected. For example, each element in $~S_1~$ represents $~y~$ selections of the $~z~$ things, where thing $~T_1~$ is not selected, and any of $~T_2, \cdots, T_x~$ may or may not have been selected.
Then the desired enumeration is
$$N = |S| - |S_1 \cup S_2 \cup \cdots \cup S_x|. \tag2 $$
Considerations of Symmetry are going to greatly simplify the application of Inclusion Exclusion here.
Let $~T_0 = |S| = z^y.$
Let $~T_1 = \sum_{1 \leq i_1 \leq x} |S_{i_1}|.$
In other words, $~T_1~$ represents the sum of $~\displaystyle \binom{x}{1}~$ terms.
By considerations of symmetry
$~\displaystyle T_1 = \binom{x}{1} \times |S_1| = \binom{x}{1} \times (z-1)^y.~$
That is, when computing $~|S_1|,~$ there are $~(z-1)~$ equally likely choices for each of the $~y~$ decisions.
For $~r \in \{2,3,\cdots,x\},~$
let $~T_r = \sum_{1 \leq i_1 < i_2 < \cdots < i_r \leq x}
|S_{i_1} \cap S_{i_2} \cap \cdots \cap S_{i_r}|.$
In other words, $~T_r~$ represents the sum of $~\displaystyle \binom{x}{r}~$ terms.
By considerations of symmetry similar to the considerations in the computation of $~T_1,$
$~\displaystyle T_r = \binom{x}{r} \times (z-r)^y.~$
That is, there are $~\displaystyle \binom{x}{r}~$ terms in the computation, and each term represents that $~r~$ specific items from $~T_1, \cdots, T_x~$ were excluded. So, for each term, there are $~(z-r)~$ equally likely choices for each of the $~y~$ decisions.
By Inclusion-Exclusion theory, the expression in (2) above is equivalent to
$$N = \sum_{r=0}^x (-1)^r T_r$$
$$= \sum_{r=0}^x (-1)^r \binom{x}{r} (z-r)^y.$$
$\underline{\text{Addendum}}$
See also the comments that I left, in response to the comment of joriki, following the posted question. These comments discuss the implicit assumptions that I made, in this answer.