I think you'd do better to ask on an enthusiast's site, to be honest, but here goes...
On our car it is integrated into the engine management computer. It works off the speed pulse signal. If you were to disconnect the speed pickup then the car won't think you are moving, so the auto trans will probably throw a fit, but at least the ignition/fuel won't cut out. If you have a stick shift this will probably work. Your computer may still perform a self check and disable something or other, or switch on a warning light.
The best way to do it if that doesn't work, probably, would be to intercept the speed pulse and then build a logic box to generate an artifically slow pulse stream once you exceed a certain speed.
Some of the the reasons why cars are speed limited (1) tyres (2) driveshaft whirl (if RWD) (3) cooling system inadequacies (4) nannyism (5)handling/stability. There may be other reasons.
Your insurance will be invalid if you do this mod. Cheers
Greg Locock