In "Analysis with an introduction to proof" (5th ed.) by Steven R. Lay, the existence of a set $\mathbb{R}$, and two binary operations $+$ and $\cdot$, satisfying 15 axioms is assumed.
The first axiom is:
For all $x,y\in \mathbb{R}, \, x+y\in \mathbb{R}$ and if $x=w$ and $y=z$, then $x+y=w+z$
My question: Isn't everything after the first "and" just the substitution property of equality, or am I missing something?
Yes, you are right. Non-logic texts often fail to distinguish between specific axioms and the basic logical framework that those axioms live in (of which the substitution property is a rule).
(For that matter, the part before the "and" is also usually included in the basic set-up of first-order logic, but is less fundamental - allowing partial functions is a much tamer modification than allowing failures of substitution.)
It's not clear to me, incidentally, whether this is pedagogically good or bad in general. On the one hand I do find the distinction between logical framework and specific axioms to be very clarifying; on the other hand, this might reflect my logician's bias, and it may be better for most students to avoid bringing this up - see e.g. the discussion here.