Is it ok to change drive names/labels (NOT Drive Letters!)

I realize this is likely a simplistic question but my searches only return results for Drive Letters or Database names if I include SQL Server. Please feel free to point me to existing articles or answers, and my apologies in advance :) I've inherited an environment with several SQL Server 2014 and 2016 servers (a few clustered as well) that support multiple SharePoint 2013 & 2016 farms. The previous SAs named/labeled the drives some fairly ambiguous names and I'd like to save myself continued confusion over what each contains by renaming the drives. Is this a bad idea? I can't seem to find anything in my environment that refers specifically to drive names, everything seems to choose the drive letter and in some cases a drive name is rendered as informational. Am I right that the drive name is just a description and doesn't actually identify the drive itself to any systems?