A single-mode laser system with colored cross-correlated additive and multiplicative noise terms is considered. By the means of projection operator method, we study the effects of the cross-correlation time 'tau' and the cross-correlation intensity 'lambda' between noises on the normalized intensity correlation function C(s). It is found that if 'lambda'>0 ('lambda'<0), the normalized intensity correlation function C(s) increases (decreases) with increasing the cross-correlation time 'tau', and at large value of 'tau', the variation of the normalized intensity correlation function C(s) becomes small. With the increase of the net gain a0, C(s) exhibits a maximum when 'lambda' is larger. However, a minimum and a maximum appear on C(s) curves with the increase of a0 when 'lambda' becomes smaller and smaller.