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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def createlabel(self, project_id, name, color):
 """ Creates a new label for given repository with given name and color. :param project_id: The ID of a project :param name: The name of the label :param color: Color of the label given in 6-digit hex notation with leading '#' sign (e.g. #FFAABB) :return: """

        data = {'name': name, 'color': color}

        request = requests.post(
            '{0}/{1}/labels'.format(self.projects_url, project_id), data=data,
            verify=self.verify_ssl, auth=self.auth, headers=self.headers, timeout=self.timeout)

        if request.status_code == 201:
            return request.json()
        else:
            return False