Before u format ur computer backup your iTunes library. Found in My Documents\iTunes
after formatting copy it back to the location where u use to put it.
If u format and forgot about ur library. Good luck. ur phone music, apps tat are stored inside will be wipe off. Because ur phone don't have the previous library u sync to.
i don't think the back up folder is found in Documents\itunes, which OS are u refering to? i do a search and thats what i get, as below:
Operating system Location Mac OS ~/Library/Application Support/MobileSync/Backup/
To find the ~/Library folder on OS X Lion v10.7 or later, hold the Option key and choose Go > Library.
Windows 8 \Users\(username)\AppData\Roaming\Apple Computer\MobileSync\Backup\
To find the AppData folder, click the magnifying class in the upper-right corner, type %appdata%, and press Return.
Windows Vista or Windows 7 \Users\(username)\AppData\Roaming\Apple Computer\MobileSync\Backup\
To find the AppData folder, click Start, type %appdata% in the search bar, and press Return.
Windows XP \Documents and Settings\(username)\Application Data\Apple Computer\MobileSync\Backup\
To find the Application Data folder, choose Start > Run. Type %appdata% and click OK.