Okay, so I actually did some research in to this to settle the topic.
The definition of a function is the rule that describes the relationship between the elements of its range and the elements of its domain. The tricky part is that there's controversy over how the word "rule" should be defined. One interpretation of the word rule is what you said: the binary relation its self. The other school of thought says that the binary relation must come from the function, otherwise it's just an arbitrary set with no definition.
Technically, we're both correct under different definitions of the word "rule," although this is totally irrelevant in the context of the thread, so back to the topic:
The asymptote is the representation of the thing that is missing!
Also, it doesn't make much sense to describe a subset of an empty set, lol.