A Library is renamed by selecting a desired library and then choosing the Rename Library… option in the Libraries Settings Menu. Follow the steps below to rename a library:
Use the Library Selection Menu to select the library to be renamed.
Click on the Libraries Settings Menu and choose Rename Library…
Enter a new name in the Rename Library prompt and click on Rename.
The entered name will appear in the Library Selection Menu.
Note: A rename is not possible if the entered name has already been used.