Source

File: wp-includes/media.php

function adjacent_image_link( $prev = true, $size = 'thumbnail', $text = false ) {
	$post        = get_post();
	$attachments = array_values(
		get_children(
			array(
				'post_parent'    => $post->post_parent,
				'post_status'    => 'inherit',
				'post_type'      => 'attachment',
				'post_mime_type' => 'image',
				'order'          => 'ASC',
				'orderby'        => 'menu_order ID',
			)
		)
	);

	foreach ( $attachments as $k => $attachment ) {
		if ( intval( $attachment->ID ) === intval( $post->ID ) ) {
			break;
		}
	}

	$output        = '';
	$attachment_id = 0;

	if ( $attachments ) {
		$k = $prev ? $k - 1 : $k + 1;

		if ( isset( $attachments[ $k ] ) ) {
			$attachment_id = $attachments[ $k ]->ID;
			$output        = wp_get_attachment_link( $attachment_id, $size, true, false, $text );
		}
	}

	$adjacent = $prev ? 'previous' : 'next';

	/**
	 * Filters the adjacent image link.
	 *
	 * The dynamic portion of the hook name, `$adjacent`, refers to the type of adjacency,
	 * either 'next', or 'previous'.
	 *
	 * @since 3.5.0
	 *
	 * @param string $output        Adjacent image HTML markup.
	 * @param int    $attachment_id Attachment ID
	 * @param string $size          Image size.
	 * @param string $text          Link text.
	 */
	echo apply_filters( "{$adjacent}_image_link", $output, $attachment_id, $size, $text );
}