WordPress – Miscellaneous Settings

Uploading Files 

Default settings used for during the media upload process when writing a post.

• Store uploads in this folder - Enter the folder (directory) to where you want to upload files with the Administration >Posts > Add New Upload function. You must enter a folder relative to your WordPress address (URI) folder. WordPress suggests an upload directory of wp-content/uploads. Use the suggestion, or modify it to a relative path of your choice. If you want to move it to a location outside of relative path location, you will need to know the absolute path (i.e. /public_html/yourfolder/uploads). If your wp-content folder is writeable, WordPress will automatically create this folder when you do the first upload using the Administration > Posts > Add New Upload function.

• Full URL path to files (optional) - Enter a URL path to your uploaded files. This is optional only if the setting ‘Store uploads in this folder’ remains at its default value of wp-content/uploads. Otherwise it must include the full path to the upload file directory that a browser would see.

• Organize my uploads into month- and year-based folders - Check this box if you wish to organize your uploads into folders based on the year and the month of the upload. Assuming that you have specified wp-content/uploads as your upload storage folder, if you check this box, a file uploaded in February of 2009 would be placed into the wp-content/uploads/2009/02 folder. Note: At the time of the actual upload, WordPress will automatically create the folders, such as wp-content/uploads/2009 and wp-content/uploads/2009/02, as long as your wp-content folder iswriteable.

Track Links’ Update Times

Check this checkbox to activate WordPress’ link tracking feature. Blogs owners can report to some central location when they have updated their site. WordPress can do this automatically for you (see Update Services). WordPress can then compare your links, (Administration > Links > Edit) with this central location to determine if any of your links have been recently updated.

Source: http://socialmediarodeo.com/gunslingers/wordpress-miscellaneous-settings