Given a binary string, the following properties can be determined:
n: the total length of the sequence
p: the total number of `1`s in the sequence
k: a vector of transition counts [{0->0}, {0->1}, {1->0}, {1->1}]
reading the sequence from left to right
For example, the string 0110, can be determined to have:
n: 4, p: 2, k: [0 1 1 1]
The string can grow by appending either a 0 or a 1 at the end, which will change it's properties:
0110: 01100 -> n: 5, p: 2, k: [1 1 1 1]
01101 -> n: 5, p: 3, k: [0 2 1 1]
So conversely, an inductive relationship determining the counts (F) of all possible sequences of length n can be found, where all the values are whole numbers:
F(p, [k00, k01, k10, k11])
= F(p, [k00 - 1, k01, k10, k11])
+ F(p - 1, [k00, k01 - 1, k10, k11])
+ F(p, [k00, k01, k10 - 1, k11])
+ F(p - 1, [k00, k01, k10, k11 - 1])
The starting conditions are:
F(0, [0, 0, 0, 0]) = 1
F(1, [0, 0, 0, 0]) = 1
And k01 and k02 can only have a maximum difference of 1
F(p, [k00, k, k - 2, k11]) = 0
F(p, [k00, k - 2, k, k11]) = 0
Is there a way to determine an equation that lets the values be plugged in without doing it inductively?
You can think of the string in terms of "runs of ones" and "runs of zeros".
Suppose that there are $p$ ones. If they form a single run, then $k_{11}=p-1$.
$$\underbrace{1111\ldots1111}_p$$
Each time you insert a zero into this string in such a way as to break one run into two runs, $k_{11}$ decreases by $1$. Thus the number of runs of ones, $r_1$, equals $p-k_{11}$. Similarly, $r_0=n-p-k_{00}$.
But it's also true that $$r_1=k_{10}+[\text{string ends with 1}]=k_{01}+[\text{string starts with 1}]$$ (where the brackets mean $``\text{1 if true, else 0"}$) so you can use the other elements of the vector to deduce the first and last bits in the string.
Suppose for example you are given $n=14, p=8, k=(3,3,2,5)$. Then you know that the string of length $14$ starts with $0$, ends with $1$, and contains three runs of ones and three runs of zeros. So the number of possible binary strings with these properties can be found using stars-and-bars: $$\binom{p-1}{r_1-1}\binom{n-p-1}{r_0-1}=\binom{8-1}{3-1}\binom{6-1}{3-1}=\binom72\binom52=210$$ This formula will hold in general; $\tbinom00=\tbinom{-1}{-1}=1$.