What you see in the label is NOT the label name. It is the label CAPTION.
If you will take a look in the property sheet you will see (of course, that label mus be selected).
1) Under the
Format tab, Captin row: the caption of the label.
You can replace this with anything you can think (except to make empty) and no functionality will be affected. By doing this you will affect ONLY the visual impact. So, the label act as... a label. You can write Jack Daniels on a label and put this label on a bottle with water. Hope you understand that the water will remain... water

. If the water will become wisky thean PLEEEASSSEEEE tell me !!!!!!!
2) Under the
Other tab, Name row: the name for that label.
THIS name is used by VBA (Visual Basic for Applications - not for Access how I have heard sometimes) if you wish to refer in code to that label. Again you can change this name. This time, if you have some code that refer the old name you will encounter an error at run time.
Let me know if you have understand, because my English is...as you see.