Burnuli's Principle..."A column of air moving through a restriction increases in velocity and drops in pressure"
The drop in pressure (intake vacuum) and the latent heat of evaporation (liquid fuel atomizing) decreases the surface temp on the intake manifold below the dew point and causes the moisture in the air to condense. Same reasons carburetors "ice up" on small aircraft and cars in very cold temps, just in a different location.