Вы можете использовать это:
private Dictionary<Timer, DateTime> Timers = new Dictionary<Timer, DateTime>();
public Form1()
{
InitializeComponent();
var p = new Panel();
p.Size = new Size(360, 500);
p.BorderStyle = BorderStyle.FixedSingle;
p.Name = "panel";
Controls.Add(p);
var tpanel = new TableLayoutPanel();
tpanel.Name = "tablepanel";
tpanel.Controls.Add(new ListBox() { Text = "qtylistBox2" }, 1, 3);
p.Controls.Add(tpanel);
Action<string, int, int> createLabel = (text, x, y) =>
{
var label = new Label();
label.Text = text;
tpanel.Controls.Add(label, x, y);
var timer = new Timer();
timer.Interval = 1000;
timer.Tick += (sender, e) =>
{
label.Text = DateTime.Now.Subtract(Timers[sender as Timer]).ToString("mm\\:ss");
};
Timers.Add(timer, DateTime.Now);
};
// create one label
createLabel("0", 2, 1);
// create other label
// createLabel("", 0, 0);
foreach ( var item in Timers )
item.Key.Enabled = true;
}