Short answer:
foldRight
associates to the right. I.e. elements will be accumulated in right-to-left order:
List(a,b,c).foldRight(z)(f) = f(a, f(b, f(c, z)))
foldLeft
associates to the left. I.e. an accumulator will be initialized and elements will be added to the accumulator in left-to-right order:
List(a,b,c).foldLeft(z)(f) = f(f(f(z, a), b), c)
fold
is associative in that the order in which the elements are added together is not defined. I.e. the arguments to fold
form a monoid.