The black wire coming from under the flywheel is most likely the kill wire. If it is, grounding it out will stop the magneto from sparking.
You may be able to download a service manual from Snapper at
http://www.snapper.com/residential.html#
Click on the Publications link on that page, and enter your Model # information. The Service Manual should have the wiring diagrams in it.
Rick
February 2006