The paper you want to read is by Sir Nevill Mott:
Mott, Sir Nevill. "On teaching quantum phenomena." Contemporary Physics 5.6 (1964): 401-418
wherein Mott argues that it is an experimental fact that "quantization applies to any movement of particles within a confined space, or any periodic motion, but not to unconfined motion."
Confined motion implies boundary conditions. For instance, since $\psi$ must eventually be $0$ well outside the region where the particle is confined, only some solutions of the Schrodinger equation (usually labelled by discrete indices) will eventually be $0$ in the correct way.
One should be careful here about the use of periodic. It may be that the radial motion (motion in time of the radius) is periodic with a period $T_r$ and that the angular motion (motion in time of the angle $\theta$) is periodic with a period $T_\theta$. This occurs generally in central force problems. However, if the periods are not commensurate, i.e. if $T_r/T_\theta$ is not the ratio of two integers, then the motion in $(r,\theta)$ space will never exactly repeat itself, even if the motions in $r$ and $\theta$ are individually periodic. In your case, I believe "periodic" refers to the periodic motion of the individual variables.