MD LFO and mutes

quick question on lfo assignment…
If I have the lfo on track 2 assigned to a parameter on track 1, and then mute track 2, does it kill the lfo modulation on track 1?

Do I understand correctly that muting track in MD does NOT mute / disable the LFO?
If you have an LFO pointing to the same track - then it basically doesn’t matter, but things get more complex if you have cross-track LFOs or e.g. LFO on CTRL-* machines