Currently it looks like:
You can easily relabel your flash drive or your NTFS partition using gparted-partition manager.
sudo apt-get install gparted
Change the storage device to your Flash drive.A window will open,right click the partition and choose label to rename it.
Note: The arrow points to your storage device.By default it shows your harddisk paritions.Click there to change your storage device to your flash drive. Note: Right click on it and choose label and enter your new label there..
You can also check this link