We report a novel aspect of the competition and coexistence between magnetism and superconductivity in the high-$T_{c}$ cuprate La$_{2-x}$Sr$_{x}$CuO$_{4}$ (La214). With a modest magnetic field applied $H parallel c$-axis, we monitored the infrared signature of pair tunneling between the CuO$_2$ planes and discovered the complete suppression of interlayer coupling in a series of underdoped La214 single crystals. We find that the in-plane superconducting properties remain intact, in spite of enhanced magnetism in the planes.