Here is how I make my own printed labels for my quilts and bags.
You will need these:
1. Computer with software to lay out the type you want (I used Microsoft Word)
2. Printer
3. Freezer paper or full-page sticker paper
4. Iron
5. Prepared For Dying fabric (PFD) this is ESSENTIAL!
These are the steps:
1. Design your label, include any info you wish. Set this info up as a "text box".
2. Copy and paste as desired on your 8.5" x 11" page layout. Don't forget to give yourself room to cut apart and seam allowance to attach to your item!
3. Cut a piece of the PFD fabric to 8.5" x 11". Attach to either the full-page sticker, or a 8.5" x 11" piece of Freezer Paper. I used the sticker paper for this.

4. Print this page (I have a Lexmark P4350 ink jet printer).
I use the regular ink that I have in the printer.

5.Allow to dry completely.
6. After completely dry, remove sticker paper (or freezer paper) backing.
7. Heat set ink with a hot (cotton setting) iron.

8. Cut and attach to your item!
I apply double-sided fusible to the back, folding over edge to catch with the fusible. Then remove backing paper and fuse to the item, I then whip-stitch for a nice, smooth edge.
9. This creates a label that is wash-proof. This photo shows my label on a quilt after laundering.

Any comments or questions are welcome.
*my first tutorial!