On most modern Linux systems, pretty much everything under /dev is put there by udev.
On my Debian machine, /dev/disk/by-label comes from several files under /lib/udev/rules.d For example, here is a rule from 60-persistent-storage.rules:
ENV{ID_FS_LABEL_ENC}=="?*", ENV{ID_FS_USAGE}=="filesystem|other", \
SYMLINK+="disk/by-label/$env{ID_FS_LABEL_ENC}"
A few lines earlier is where ID_FS_LABEL_ENC comes from:
# probe filesystem metadata of disks
KERNEL!="sr*", IMPORT{program}="/sbin/blkid -o udev -p $tempnode"
You can run blkid yourself to see the data its passing to udev:
root@Zia:~# /sbin/blkid -o udev -p /dev/sda2
ID_FS_SEC_TYPE=msdos
ID_FS_LABEL=xfer1
ID_FS_LABEL_ENC=xfer1
ID_FS_UUID=B140-C934
ID_FS_UUID_ENC=B140-C934
ID_FS_VERSION=FAT16
ID_FS_TYPE=vfat
ID_FS_USAGE=filesystem
ID_PART_ENTRY_SCHEME=dos
ID_PART_ENTRY_TYPE=0xc
ID_PART_ENTRY_NUMBER=2
ID_PART_ENTRY_OFFSET=257040
ID_PART_ENTRY_SIZE=257040
ID_PART_ENTRY_DISK=8:0
And indeed:
root@Zia:~# ls -l /dev/disk/by-label/xfer1
lrwxrwxrwx 1 root root 10 Nov 19 10:02 /dev/disk/by-label/xfer1 -> ../../sda2
You can put additional rules files in /etc/udev/rules.d/ if you'd like to make additional names for devices, change permissions, etc. E.g., here we have one that populates and sets the permissions on a /dev/disk/for-asm.
udevhas something to do with that kind of stuff. – htor Nov 21 '12 at 12:45