o3de/Templates/DefaultProject/Template/Registry/assetprocessor_settings.setreg

{
    "Amazon": {
        "AssetProcessor": {
            "Settings": {
                "ScanFolder Project/ShaderLib": {
                    "watch": "@PROJECTROOT@/ShaderLib",
                    "recursive": 1,
                    "order": 1
                },
                "ScanFolder Project/Shaders": {
                    "watch": "@PROJECTROOT@/Shaders",
                    "recursive": 1,
                    "order": 2
                },
                "ScanFolder Project/Registry": {
                    "watch": "@PROJECTROOT@/Registry",
                    "recursive": 1,
                    "order": 3
                },
                "ProjectRelativeGemsScanFolderPriority":"higher"
            }
        }
    }
}