Manual Valve
WARNING: This page is about a different car, the 2008 GMC Yukon XL, 2008 GMC Yukon, 2008 Chevrolet Tahoe, 2008 Chevrolet Suburban, and 2008 Chevrolet Avalanche. However, it is still accessible from the selected car via links, so may be relevant.
In the Neutral position, the manual valve blocks the line pressure from entering any other fluid circuits. Reverse and PR fluids exhaust past the manual valve.