Description 
 Defaults to the plugins directory URL if no arguments are supplied.
    Parameters 
  - $path
-   (string) (Optional)  Extra path appended to the end of the URL, including the relative directory if $plugin is supplied.   Default value: '' 
- $plugin
-   (string) (Optional)  A full path to a file inside a plugin or mu-plugin. The URL will be relative to its directory. Typically this is done by passing __FILE__as the argument.
 Default value: '' 
Return 
 (string) Plugins URL link with optional paths appended.
     This function retrieves the absolute URL to the plugins or mu-plugins directory (without the trailing slash) or, when using the $path argument, to a specific file under that directory. You can either specify the $path argument as a hardcoded path relative to the plugins or mu-plugins directory, or conveniently pass __FILE__ as the second argument to make the $path relative to the parent directory of the current PHP script file.
 Uses the WP_PLUGIN_URL or, in the case the $plugin path begins with the WPMU_PLUGIN_DIR path, the WPMU_PLUGIN_URL constant internally, to compose the resultant URL. Note that the direct usage of WordPress internal constants is not recommended.
 Uses apply_filters() to apply “plugins_url” filters on the resultant URL, with the following line of code
 
return apply_filters( 'plugins_url', $url, $path, $plugin );
 The plugins_url() function should not be called in the global context of plugins, but rather in a hook like “init” or “admin_init” to ensure that the “plugins_url” filters are already hooked at the time the function is called. This is vital for many site configurations to work, and if plugins_url() is called in the global context of a plugin file it cannot be filtered by other plugins (though mu-plugins are able to filter it because they run before any other plugins).
    Source 
  File: wp-includes/link-template.php 
 function plugins_url( $path = '', $plugin = '' ) {
	$path          = wp_normalize_path( $path );
	$plugin        = wp_normalize_path( $plugin );
	$mu_plugin_dir = wp_normalize_path( WPMU_PLUGIN_DIR );
	if ( ! empty( $plugin ) && 0 === strpos( $plugin, $mu_plugin_dir ) ) {
		$url = WPMU_PLUGIN_URL;
	} else {
		$url = WP_PLUGIN_URL;
	}
	$url = set_url_scheme( $url );
	if ( ! empty( $plugin ) && is_string( $plugin ) ) {
		$folder = dirname( plugin_basename( $plugin ) );
		if ( '.' !== $folder ) {
			$url .= '/' . ltrim( $folder, '/' );
		}
	}
	if ( $path && is_string( $path ) ) {
		$url .= '/' . ltrim( $path, '/' );
	}
	/**
	 * Filters the URL to the plugins directory.
	 *
	 * @since 2.8.0
	 *
	 * @param string $url    The complete URL to the plugins directory including scheme and path.
	 * @param string $path   Path relative to the URL to the plugins directory. Blank string
	 *                       if no path is specified.
	 * @param string $plugin The plugin file path to be relative to. Blank string if no plugin
	 *                       is specified.
	 */
	return apply_filters( 'plugins_url', $url, $path, $plugin );
}       Changelog 
     | Version | Description | 
    | 2.6.0 | Introduced. |