Where does Java's String constant pool live, the heap or the stack?

I know the concept of a constants pool and the String constant pool used by JVMs to handle String literals. But I don't know which type of memory is used by the JVM to store String constant literals. The stack or the heap? Since its a literal which is not associated with any instance I would assume that it will be stored in stack. But if it's not referred by any instance the literal has to be collected by GC run (correct me if I am wrong), so how is that handled if it is stored in the stack?