Phaser.Timer is now feature complete and fully documented. You can create Phaser.TimerEvents on a Timer and lots of new examples have been provided.

examples/time/basic repeat event.js

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+
+var game = new Phaser.Game(800, 600, Phaser.CANVAS, 'phaser-example', { preload: preload, create: create, render: render });
+
+function preload() {
+
+    game.load.image('ball', 'assets/sprites/pangball.png');
+
+}
+
+function create() {
+
+    game.stage.backgroundColor = '#6688ee';
+
+    //  Here we'll create a basic repeating event.
+
+    //  The way a repeating event works is that it is placed into the queue once, 
+    //  and when it runs its 'repeatCounter' is reduced by 1 and it's moved back into the queue again.
+    //  To this end the queue will only ever have 1 event actually in it.
+
+    //  The first parameter is how long to wait before the event fires. In this case 2 seconds (you could pass in 2000 as the value as well.)
+    //  The second parameter is how many times the event will run in total. Here we'll run it 10 times.
+    //  The next two parameters are the function to call ('createBall') and the context under which that will happen.
+
+    //  Once the event has been called 10 times it will never be called again.
+
+    game.time.events.repeat(Phaser.Timer.SECOND * 2, 10, createBall, this);
+
+}
+
+function createBall() {
+
+    //  A bouncey ball sprite just to visually see what's going on.
+
+    var ball = game.add.sprite(game.world.randomX, 0, 'ball');
+
+    ball.body.gravity.y = 200;
+    ball.body.bounce.y = 0.5;
+    ball.body.collideWorldBounds = true;
+
+}
+
+function render() {
+
+    game.debug.renderText("Time until event: " + game.time.events.duration.toFixed(0), 32, 32);
+    game.debug.renderText("Next tick: " + game.time.events.next.toFixed(0), 32, 64);
+
+}