I'd recommend automount. I think it is installed by default.
Have a look at /etc/auto.misc Just add an entry like
foobar -mountoptions :/dev/disk/by-label/foobar
which would mount your device as /misc/foobar Also check /etc/auto.master and man {autofs,automount,auto.master}
Don't forget to chkconfig autofs on
Brgds