With the rapid development of science and technology, high-resolution remote sensing cameras are now widely used in various fields. At the beginning of camera attitude adjustment, residual torque due to state changes can affect platform stability and lead to the degradation of imaging quality. This paper analyzes the effect of external disturbances on the attitude of the satellite platform according to the Newton–Euler method. In order to effectively realize the self-balancing of the torque of the remote sensing camera rotary table and eliminate the influence of the residual torque on the stability of the satellite platform, this study designs a torque balancing mechanism for the two-axis rotary table of a remote sensing camera based on the first-generation balancing mechanism. Firstly, this paper provides a detailed analysis of the mechanism equilibrium principle from the theoretical point of view based on the theories related to momentum moment theorem and momentum moment conservation law. Then, the dynamics model of the torque balancing mechanism is built, and the dynamics simulation analysis is carried out in this paper. The analysis results show that compared with the first-generation torque balancing mechanism, the residual torque of the second-generation torque balancing mechanism is reduced by 66.67%, the peak value of the residual torque is reduced by 57.55%, the mass of the balancing flywheel is reduced by 74.14%, and the torque balancing time is reduced by 42.86%. Finally, two torque balancing mechanism prototypes were fabricated at equal scale for test verification in this paper. The test results show that compared with the first-generation torque balancing mechanism, the residual torque of the second-generation test prototype is reduced by 40%, the peak of the residual torque is reduced by 25%, the mass of the balancing flywheel is reduced by 60.34%, and the torque balancing time is reduced by 51.06%. There are some differences between the simulation analysis and the experimental results, but the overall trend is consistent with the theory. Through theoretical derivation, simulation analysis and experimental verification, the correctness and feasibility of the proposed second-generation torque balancing mechanism are fully confirmed, which has certain reference significance and engineering application value for the torque self-balancing scheme of rotary tables.