after 32 folders path IIS return 404

We have recently installed windows server 2012 with IIS 8 and we found something strange.

If you create more then 32 subfolders your request is rejected by the IIS and return 404

for example http://localhost/1/2/3/4/5/6/7/8/9/0/1/2/3/4/5/6/7/8/9/0/1/2/3/4/5/6/7/8/9/0/1/2/3/test.html will return 404.

I'm guessing it's a configuration problem. 

Can someone help.

10x

Ziv