When you Create a new sharing release schedule you must choose which label gets to see the release.
What labels can I share a release to?
What labels you see in this step are decided by what "share to" privilege your label has decided you should have. This privilege is determined by anyone in your label who has the Staff Manager role.
In the New Sharing Schedule interface, you will see a list of labels who you are able to share to.
Click the selection circle for any labels or folders of labels you wish to authorize. (Clicking the folder will select every label within it).
This is the last step to creating the release sharing schedule. Click Share to complete it.
The new schedule will appear in Release Sharing Schedules.