Modify already registered post types - WordPress

In a recent WordPress project, I need to modify the menu label of an already registered post type. The post type was registered by a plugin & I need regular updates of that plugin. So I can’t edit the plugin.

Same situation happens before. Nowadays, too many premium plugins & themes will register various post types for the functionality. But client will argue that he need the perfect names in his dashboard.

After a quick search, I get an awesome WordPress function to modify already registered post type. You have to update below code snippet as per your post type.

add_action( 'registered_post_type', 'xaxo_post_type_tweak', 10, 2 );
/**
 * @param string $post_type Registered post type name. 
 * @param array $args Array of post type parameters.
 */
function xaxo_post_type_tweak( $post_type, $args ) {
	if ( 'your_posttype' === $post_type ) {
		global $wp_post_types;
		$args->labels->menu_name = __( 'New Menu Name', 'your_posttype' );
		$wp_post_types[ $post_type ] = $args;
	}
}