If you have already set labels for your axis like how @andyhasit and @Marcus mentioned, and would like to change it at a later time, then you can try this:
chart.options.scales.yAxes[ 0 ].scaleLabel.labelString = "New Label";
Full config for reference:
var chartConfig = {
type: 'line',
data: {
datasets: [ {
label: 'DefaultLabel',
backgroundColor: '#ff0000',
borderColor: '#ff0000',
fill: false,
data: [],
} ]
},
options: {
responsive: true,
scales: {
xAxes: [ {
type: 'time',
display: true,
scaleLabel: {
display: true,
labelString: 'Date'
},
ticks: {
major: {
fontStyle: 'bold',
fontColor: '#FF0000'
}
}
} ],
yAxes: [ {
display: true,
scaleLabel: {
display: true,
labelString: 'value'
}
} ]
}
}
};