I'm confused about one aspect of Polchinski's discussion of the state-operator map. He starts with an operator ${\mathscr{A}}(0)$ at the origin and then defines $$\Psi[\phi_b]=\int[d\phi_i]_{\phi_b}\exp(-S[\phi_i]){\scr A}(0)\tag{2.8.17}.$$ Here the path integral is over field configurations $\phi_i$ on the unit disk $|z|<1$ with the property that on the unit circle $|z|=1$ they obey $\phi_i|_{|z|=1}=\phi_b$.
Clearly this is a functional of the values of field configurations at some circle centered on the origin and therefore defines a state in wavefunctional representation. That seems clear.
But on the other direction, he starts with $\Psi[\phi_b]$ at $|z|=1$. Then he writes $\Psi[\phi_b]$ as the evolution of another state $\Psi'[\phi_b']$ at $|z|=r<1$. Indeed $\Psi'=r^{-L_0-\bar L_0}\Psi$ and therefore $$\int[d\phi'_b][d\phi_i]_{\phi_b,\phi'_b}\exp(-S[\phi_i])r^{-L_0-\bar L_0}\Psi[\phi_b']\tag{2.8.18}$$ just gives $\Psi[\phi_b]$. The path integral is now over the annulus $r<|z|<1$ with boundary values $\phi_b'$ at $|z|=r$ and $\phi_b$ at $|z|=1$.
Then he says: "Now take the limit as $r\to 0$. The annulus becomes a disk, and the limit of the path integral over the inner circle can be thought of as defining some local operator at the origin. By construction, the path integral on the disk with this operator reproduces $\Psi[\phi_b]$ on the boundary".
I'm confused about this. Why this defines an operator? In operator formalism, operators act on states, I don't see how this defines any kind of action on states. In path integral formalism, operators arise as insertions in correlation functions $\langle {\cal O}_1(x_1)\cdots{\cal O}_n(x_n)\rangle$. Again I don't see how would his construction define some $\mathscr{A}(0)$ that we can insert in $\langle {\cal O}_1(x_1)\cdots{\cal O}_n(x_n)\rangle$. So it seems a little bit hand-wavying as it is.
My question is: how does one recognize that this construction gives rise to an operator in a more precise way? How does such a construction determines an action on states? And what appears more relevant, how does it give rise to something that can be inserted in a correlation function $\langle {\cal O}_1(x_1)\cdots{\cal O}_n(x_n)\rangle$?