Labels in posts usually located under each of your posts. There is a way of changing its name if you like other terms like categories or tags. If you wish to change it, i'll show you to do it.
Steps in changing the name labels below each posts:
1. First is to download your template. Download Full template in edit HTML under layout tab.
2. Tick the "Expand Widget templates" box.
3. Locate the code below:<data:postLabelsLabel/>
3. Delete this line and replace with your chosen text.
Done!
Blogger Hacks: Changing the name "Labels" in your posts
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Blogger Hacks