In this article we will be seeing about the Labels for taxonomy term in SharePoint.
In this article we will be seeing the following:
- Create a new Label for a term. 
- Get all the Labels for a particular term. 
Steps Involved:
- Open visual studio 2010. 
- Create a new console application. 
- Add the following references.
 
- Microsoft.SharePoint.dll
- Microsoft.SharePoint.Taxonomy.dll
 
 
- Add the following namespaces.
 
- Using Microsoft.SharePoint;
- Using Microsoft.Sharepoint.Taxonomy; 
 
Get all the labels for a term:
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using Microsoft.SharePoint;
using Microsoft.SharePoint.Taxonomy;
namespace EMM
{
    class Program
    {
        static void Main(string[] args)
        {
            using (SPSite site = new SPSite("http://servcerName:10/"))
            {
                TaxonomySession taxonomySession = new TaxonomySession(site);
                TermStore termStore = taxonomySession.TermStores["MMS"];
                Group group = termStore.Groups["SharePoint Group"];
                TermSet termSet = group.TermSets["Word Automation Term Set"];
                Term term = termSet.Terms["Conversion Settings term"];
                LabelCollection labelCol = term.Labels;
                foreach (Label label in labelCol)
                {
                    Console.WriteLine(label.Value.ToString());
                }
                Console.ReadLine();
            }
        }
    }
}

Create new Label for a term:
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using Microsoft.SharePoint;
using Microsoft.SharePoint.Taxonomy;
namespace EMM
{
    class Program
    {
        static void Main(string[] args)
        {
            using (SPSite site = new SPSite("http://serverName:10/"))
            {
                TaxonomySession taxonomySession = new TaxonomySession(site);
                TermStore termStore = taxonomySession.TermStores["MMS"];
                Group group = termStore.Groups["SharePoint Group"];
                TermSet termSet = group.TermSets["Word Automation Term Set"];
                Term term = termSet.Terms["Conversion Settings term"];
                term.CreateLabel("testLabel", 1033, false);
                termStore.CommitAll();
            }
        }
    }
}
