okay. on my engine, the fuel tap is on the right hand side of the bike (as you're sitting on it), just a few inches above the exhaust, towards the back. you can access it pretty easily by taking off the bottom panel on the side. it's a round flying-saucer looking thing with two hoses sticking out of it.
from the Haynes manual: "The tap is automatic, operated by a vacuum created when the engine is turned over. If it is faulty, it must be replaced - it is a sealed unit for which no individual components are available. The most likely problem is a hole or split in the diaphragm."
to check it, first you need to trace the two hoses back from the tap and figure out which one is the fuel hose, and which one is the vacuum hose. now comes the fun part - again quoting from the manual:
"to check the tap, detach the fuel hose from the carburettor and place the open end in a small container. detach the vacuum hose from the inlet manifold or carburettor, according to model, and apply a vacuum to it (suck on the pipe end
). fuel should flow from the tap and into the container - if it doesn't the diaphragm is probably split.
Before replacing the tap, check that the vacuum hose is securely attached, and that there are no splits or cracks in the hose. if in doubt, attach a spare hose to the vacuum union on the tap and again apply a vacuum. if fuel still does not flow, remove the tap and fit a new one."
good luck!