Read the FSM, this simply is not true from what I have seen of the ECM, circuitry and the system design. In my opinion, a switch incorrectly installed could be deadly, as the Airbag could activate at an in opportune time.
If I were going to deactivate the system, I would disconnect everything, safe off the connectors,, and then hope that nothing ever activated the bags spuriously. If I could effectively remove them, destroy them, and replace the covers I would. Unfortunately at this time I do believe it is possible.
If you look at the FSM and follow the instruction for safely working on the System, you can disconnect, and safe off all the connectors. In the alternative, you can also just disconnect the passenger airbag, but you will throw a trouble code, as well as have the idiot light stay on( it can be disconnected as well, or the famous black tape field expedient repair can be deployed).
That said, I would worry about the driver airbag, because I do not know how the ECM for the system, a separate ECM from the vehicle ECM, is programed. I imagine it as a static system, that requires ABC to happen before XYZ, but it could be dynamic, constantly checking for changes, and if it interprets the passenger disconnect as deployment, it my deploy the driver side, although in the 94 this is not case, I can not speak for after the nanny state demanded we all drive with explosives in our face with no means to diffuse them.
Here is the link to the conversation from a few weeks ago:
http://www.toyota-4runner.org/3rd-gen-t4rs/70443-airbags-3.html
I figure I need to a add a disclaimer here. I am anti airbag, and I do not believe the BS that they save lives. and in fact, I believe that they have taken more than they have saved...The only thing I can say about them, for sure, is in a laboratory setting, dummies are damaged less when airbags deploy as designed in a perfect set of circumstances, which do not account for real world accidents and accident experience. Ever wonder why NASCAR does not have them?