"Until later" is a way to describe something happening in the future. I can't explain it very well, but here are a bunch of example sentences that might help:
"I won't do it until later" = I won't do it now, but I will do it later.
"I didn't realize until later that I forgot my umbrella on the train" = I didn't realize before, but I realized later that I forgot my umbrella on the train.
"The weather forecast says it won't rain until later tonight" = The weather forecast says it won't rain right now, but it will rain later tonight.
"She didn't arrive until later that afternoon" = She didn't arrive then (in the early afternoon), but she arrived later in the afternoon.
"You shouldn't tell him that until later" = You shoudn't tell him that right now, but you should tell him later.