You're referring to the autopetcock. Some call it the spawn of satan (SOS). Basically a mess of tubes that sits on top of the carbs.
If the bike has that still installed it may have failed and can cause fuel starving issues.
It is possible to remove it completely and just rely on the float valves or manual petcock to prevent gas leaks.
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Date: Thu, 25 Oct 2012 14:06:24 -0700 (PDT)
Subject: Re: Ran into some problems :( HELP!!
I believe the fuel valve is vaccuum operated. If you remove the hose from the valve to the vaccuum diaphram and connect that hose directly to the fitting on the carb it may fix your issue. The fitting is located between #1 and #2 carb.
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NAML
1981 CB750K with 900 cams
90K KM's, rebuilt head, rebuilt carbs, upgraded valve stem seals
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