However, I do not agree that this is a local variable. Only .L character .L mean local variables. (The naming convention for the local character is portable, but some kind of convention is machine dependent). Enter info as , go to the Symbols chapter and the Symbol-names sub-chapter, and you will get it.
I think this is just a character, which is the name of the section, and that name is mentioned in the script linker. You said you saw this in the microprocessor startup file. Of course, a script linker is needed to link microprocessor startup files. And this name is just used for reference, which may seem strange, but real.
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