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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 label(self, name, color, update=True):
 """Create or update a label """

        url = '%s/labels' % self
        data = dict(name=name, color=color)
        response = self.http.post(
            url, json=data, auth=self.auth, headers=self.headers
        )
        if response.status_code == 201:
            return True
        elif response.status_code == 422 and update:
            url = '%s/%s' % (url, name)
            response = self.http.patch(
                url, json=data, auth=self.auth, headers=self.headers
            )
        response.raise_for_status()
        return False