si se puede, una forma:
Código:
Sub Grabar(ElLabel As Label, path As String)
Dim Pic As PictureBox
Set Pic = Me.Controls.Add("Vb.PictureBox", "Pic1")
With Pic
.BorderStyle = 0
.Width = ElLabel.Width
.Height = ElLabel.Height
Set .Font = ElLabel.Font
.AutoRedraw = True
Pic.Print ElLabel.Caption
Pic.Picture = Pic.Image
SavePicture Pic.Picture, path
Set Pic = Nothing
End With
End Sub
Private Sub Command1_Click()
Call Grabar(Label1, "c:\archivo.bmp")
End Sub
Debes pasar el label y el path como parametro
saludos