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You will need to access the Event Prints section of at least one event to perform this action. Once you've access the section, the new button will be located on the top right corner of the screen beside the Print button.
Summary
This feature will allow you to print out formatted line item data using the standard blank label template used by major printing companies. The dimensions for this are the following:
Dimensions of one label: 1" x 2-5/8"
Labels per sheet: 30 Labels per sheet (3 columns x 10 rows)
Here's an example PDF of an Avery sheet that can be used for printing
Note: The labels themselves can't be modified from the Event Prints. Any edits would have to be made from the event itself.