Well, like cellarius said, it's just the order they are executed in. All the code for all plugins on a given hook gets built in to one string, according to the execution order, then it's exec'd when that hook is reached. I've never heard anyone complain that the execution order didn't work right.
Is there a reason you have more than one plugin on a hook, rather than putting it all in one? I've done that myself sometimes just to organize things, but if you're having problems you could try putting it all in one plugin. In any case, we'd probably have to see more code to help you figure out what's going on.
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