Page1.aspx
Page2.aspx
images/MyAppLogo.png
static/file1.png <-- IIS virtual folder "static" points to D:someOtherPath
static/file2.png

Global.asax
Page1.aspx
Page2.aspx
Web.config
binMyAppAssembly.dll
binImageResizer.dll
imagesMyAppLogo.png

file1.png
file2.png

<add name="VirtualFolder" virtualPath="~/static/" physicalPath="D:someOtherPath" vpp="false "/>