Update Allowed Labels List via API

We are planning on implementing a standard set of pre-defined labels across most boards in our community.

We understand that this list is maintained in the admin section independently for each board.

Our labels list will align to a centralized company-wide taxonomy that will be updated semi-regularly.

We would like to know if it is possible use the API to manage the pre-defined labels list, so we can avoid having to update each board every time there is a change?