Generate Post type dynamically in wordpress

functions.php

function customiser_init(){

    $post_types = array(
        array(
            'singular_name' => 'Financial',
            'plural_name' => 'Financials',
            'slug' => 'financials',
            'post_type' => 'financials',
            'support' => array( 'title', 'author' ),
        ),
    );
    
    foreach( $post_types as $key => $post_type) {
        $labels = array(
            'name'                  => _x(  $post_type['plural_name'], 'Post type general name', 'divi' ),
            'singular_name'         => _x(  $post_type['singular_name'], 'Post type singular name', 'divi' ),
            'menu_name'             => _x(  $post_type['plural_name'], 'Admin Menu text', 'divi' ),
            'name_admin_bar'        => _x(  $post_type['singular_name'], 'Add New on Toolbar', 'divi' ),
            'add_new'               => __( 'Add New', 'divi' ),
            'add_new_item'          => __( 'Add New '.$post_type['plural_name'], 'divi' ),
            'new_item'              => __( 'New '.$post_type['plural_name'], 'divi' ),
            'edit_item'             => __( 'Edit '.$post_type['plural_name'], 'divi' ),
            'view_item'             => __( 'View '.$post_type['plural_name'], 'divi' ),
            'all_items'             => __( 'All '.$post_type['plural_name'], 'divi' ),
            'search_items'          => __( 'Search '.$post_type['plural_name'], 'divi' ),
            'parent_item_colon'     => __( 'Parent '.$post_type['plural_name'], 'divi' ),
            'not_found'             => __( 'No '.$post_type['plural_name'].'found.', 'divi' ),
            'not_found_in_trash'    => __( 'No '.$post_type['plural_name'].'found in Trash.', 'divi' ),
            'featured_image'        => _x(  $post_type['singular_name'].' Cover Image', 'Overrides the “Featured Image” phrase for this post type. Added in 4.3', 'divi' ),
            'set_featured_image'    => _x( 'Set cover image', 'Overrides the “Set featured image” phrase for this post type. Added in 4.3', 'divi' ),
            'remove_featured_image' => _x( 'Remove cover image', 'Overrides the “Remove featured image” phrase for this post type. Added in 4.3', 'divi' ),
            'use_featured_image'    => _x( 'Use as cover image', 'Overrides the “Use as featured image” phrase for this post type. Added in 4.3', 'divi' ),
            'archives'              => _x(  $post_type['singular_name'].' archives', 'The post type archive label used in nav menus. Default “Post Archives”. Added in 4.4', 'divi' ),
            'insert_into_item'      => _x( 'Insert into '.$post_type['plural_name'], 'Overrides the “Insert into post”/”Insert into page” phrase (used when inserting media into a post). Added in 4.4', 'divi' ),
            'uploaded_to_this_item' => _x( 'Uploaded to this '.$post_type['plural_name'], 'Overrides the “Uploaded to this post”/”Uploaded to this page” phrase (used when viewing media attached to a post). Added in 4.4', 'divi' ),
            'filter_items_list'     => _x( 'Filter '.$post_type['plural_name'].'list', 'Screen reader text for the filter links heading on the post type listing screen. Default “Filter posts list”/”Filter pages list”. Added in 4.4', 'divi' ),
            'items_list_navigation' => _x(  $post_type['plural_name'].'list navigation', 'Screen reader text for the pagination heading on the post type listing screen. Default “Posts list navigation”/”Pages list navigation”. Added in 4.4', 'divi' ),
            'items_list'            => _x(  $post_type['plural_name'].'list', 'Screen reader text for the items list heading on the post type listing screen. Default “Posts list”/”Pages list”. Added in 4.4', 'divi' ),
        );     
        $args = array(
            'labels'             => $labels,
            'description'        =>  $post_type['singular_name'].' custom post type.',
            'public'             => true,
            'publicly_queryable' => true,
            'show_ui'            => true,
            'show_in_menu'       => true,
            'query_var'          => true,
            'rewrite'            => array( 'slug' => $post_type['slug'], 'with_front' => true  ),
            'capability_type'    => 'post',
            'has_archive'        => $post_type['slug'],
            'hierarchical'       => false,
            'menu_position'      => 20,
            'supports'           => $post_type['support'],
            //'taxonomies'         => array( 'years' ),
            'show_in_rest'       => true
        );
        register_post_type( $post_type['slug'], $args );
    }
    
    /*
    $labels = array(
        'name' => _x( 'Years', 'taxonomy general name' ),
        'singular_name' => _x( 'Year', 'taxonomy singular name' ),
        'search_items' =>  __( 'Search Years' ),
        'all_items' => __( 'All Years' ),
        'parent_item' => __( 'Parent Year' ),
        'parent_item_colon' => __( 'Parent Year:' ),
        'edit_item' => __( 'Edit Year' ), 
        'update_item' => __( 'Update Year' ),
        'add_new_item' => __( 'Add New Year' ),
        'new_item_name' => __( 'New Year Name' ),
        'menu_name' => __( 'Years' ),
      );    
     
    // Now register the taxonomy
     
      register_taxonomy('years',array('financials'), array(
        'hierarchical' => true,
        'labels' => $labels,
        'show_ui' => true,
        'show_admin_column' => true,
        'query_var' => true,
        'rewrite' => array( 'slug' => 'years' ),
      ));
      */
    
    add_rewrite_rule(
        'financials/([0-9]{4})/([0-9]{1,2})/?$',
        'index.php?post_type=financials&year=$matches[1]&monthnum=$matches[2]',
        'top'
    );
    add_rewrite_rule(
        'financials/([0-9]{4})/?$',
        'index.php?post_type=financials&year=$matches[1]',
        'top'
    );
    add_rewrite_rule(
        'financials/([0-9]{4})/page/([0-9]{1,})/?$',
        'index.php?post_type=financials&year=$matches[1]&paged=$matches[2]',
        'top'
    );	
    
}