Set Color Label for selected Finder items

label finder items.applescript

(*
No color = 0
Orange = 1
Red = 2
Yellow = 3
Blue = 4
Purple = 5
Green = 6
Gray = 7
*)

set mycolor to 7

tell application "Finder"
	try
		repeat with currentFile in items of (get selection)
			if label index of currentFile is not mycolor then
				set label index of currentFile to mycolor
			else
				set label index of currentFile to 0
			end if
		end repeat
	on error e
		return e
	end try
end tell