No reason to believe your 254 is configured any different than my 354, so yes. The permanently mounted rear hydraulic pump is indeed driven by the aux PTO shaft. But it's only a mechanical connection. There should be no reason that hydraulic fluid is getting into your rear differential housing that way. What I don't know is if your hydraulic reservoir under the seat is a one piece sump. If yes, there's no way for hydraulic fluid to get in that way either. If no, you'd have to remove the seat, then remove the sump to determine if that might be the source of the leak. Obviously, drain out all the hydraulic fluid first.
//greg//