Well now that his came up......
I have had the belt on my BMC 'chirp' on deceleration, and sometimes on accel. It has been doing it a long ime.
Is that the sound you are talking about?
I have adjusted the belt, aligned it, but never sprayed anything on it. I washed it off when I clean the bike, but I dont use any spray wax or stuff like that near the belt. I spray the rag, pointing away from the bike, then apply. That way I know the spray is not getting on the belt.
The chirp has been there for quite a while, I just ignored it till now. I think it is getting louder.
and no... the chirp is not the back tire.