path details in asp.net project

dear all,

I am trying to do this in my test environment. I do not know what the path value is - /FormsAuth  - is this a folder need to be in my project.

Can somebody clarify?

authentication mode="Forms">
    <forms loginUrl="Login.aspx"
           protection="All"
           timeout="30"
           name="AppNameCookie"
           path="/FormsAuth"
           requireSSL="false"
           slidingExpiration="true"
           defaultUrl="default.aspx"
           cookieless="UseCookies"
           enableCrossAppRedirects="false"/>
</authentication>
 

https://msdn.microsoft.com/en-us/library/ff648345.aspx

thanks

Sathya