m3u8 manifests with multiple audio streams will have those streams added to video.js in an AudioTrackList. The AudioTrackList can be accessed using player.audioTracks() or tech.audioTracks().
The mapping between AudioTrack and the parsed m3u8  file is fairly straight forward. The table below shows the mapping
| m3u8 | AudioTrack | 
|---|---|
| label | label | 
| lang | language | 
| default | enabled | 
| ??? | kind | 
| ??? | id | 
As you can see m3u8's do not have a property for AudioTrack.id, which means that we let video.js randomly generate the id for AudioTracks. This will have no real impact on any part of the system as we do not use the id anywhere.
The other property that does not have a mapping in the m3u8 is AudioTrack.kind. It was decided that we would set the kind to main when default is set to true and in other cases we set it to alternative unless the track has characteristics which include public.accessibility.describes-video, in which case we set it to main-desc (note that this kind indicates that the track is a mix of the main track and description, so it can be played instead of the main track; a track with kind description only has the description, not the main track).
Below is a basic example of a mapping m3u8 layout
{
	'media-group-1': [{
		'audio-track-1': {
			default: true,
			lang: 'eng'
		},
		'audio-track-2': {
			default: false,
			lang: 'fr'
    },
		'audio-track-3': {
			default: false,
			lang: 'eng',
      characteristics: 'public.accessibility.describes-video'
		}
	}]
}
Corresponding AudioTrackList when media-group-1 is used (before any tracks have been changed)
[{
	label: 'audio-tracks-1',
	enabled: true,
	language: 'eng',
	kind: 'main',
	id: 'random'
}, {
	label: 'audio-tracks-2',
	enabled: false,
	language: 'fr',
	kind: 'alternative',
	id: 'random'
}, {
	label: 'audio-tracks-3',
	enabled: false,
	language: 'eng',
	kind: 'main-desc',
	id: 'random'
}]
AudioTrack & AudioTrackList live in video.js
HLS creates a PlaylistController and watches for the loadedmetadata eventHLS parses the m3u8 using the PlaylistControllerPlaylistController creates a PlaylistLoader for the main m3u8PlaylistController creates PlaylistLoaders for every audio playlistPlaylistController creates a SegmentLoader for the main m3u8PlaylistController creates a SegmentLoader for a potential audio playlistHLS sees the loadedmetadata and finds the currently selected MediaGroup and all the metadataHLS removes all AudioTracks from the AudioTrackListHLS created AudioTracks for the MediaGroup and adds them to the AudioTrackListHLS calls PlaylistControllers useAudio with no arguments (causes it to use the currently enabled audio)PlaylistController turns off the current audio PlaylistLoader if it is onPlaylistController maps the label to the PlaylistLoader containing the audioPlaylistController turns on that PlaylistLoader and the Corresponding SegmentLoader (main or audio only)MediaSource/mux.js determine how to muxAudioTrack & AudioTrackList live in video.js
HLS is setup to watch for the changed event on the AudioTrackListAudioTrack from a menu (where only one track can be enabled)AudioTrackList enables the new Audiotrack and disables all othersAudioTrackList triggers a changed eventHLS sees the changed event and finds the newly enabled AudioTrackHLS sends the label for the new AudioTrack to PlaylistControllers useAudio functionPlaylistController turns off the current audio PlaylistLoader if it is onPlaylistController maps the label to the PlaylistLoader containing the audioPlaylistController maps the label to the PlaylistLoader containing the audioPlaylistController turns on that PlaylistLoader and the Corresponding SegmentLoader (main or audio only)MediaSource/mux.js determine how to mux