Thank you for this explanation. I've spent hours scouring the internet to find this information.
I know it's a rhetorical question, but, why use the term "My Photo Stream" in the settings for your product (Photos, in both iOS and OSX), yet have no folder (or similar) with that name anywhere in the GUI of that product? It's baffling.
Worse, the tech document published by Apple (Delete photos from My Photo Stream - Apple Support) describing how to delete photos from My Photo Stream fails to accurately describe the process. It seems as though it were written for iOS 8, but it was last updated on January 25th, 2016!
Ugh. Again, thanks.