See ReactiveX/RxJava#4007
As of the filing of this issue, it's still in the planning/proposal stage, but if it gets merged, it'll need some documentation.
Hooks are currently documented over at the RxJava wiki (https://github.com/ReactiveX/RxJava/wiki/Plugins) but it's probably time to consolidate the RxJava documentation over here (see also #238).