Upstream commit 7f9ab862e05c ("leds: spi-byte: Call of_node_put() on error path") after being backported to 5.10/5.15/6.1/6.6 stable kernels introduced an access-before-initialization error - it will most likely lead to a crash in the probe function of the driver if there is no default zero initialization for the stack values.
The commit moved the initialization of `struct device_node *child` lower in code, while in stable kernels its value is used in between those places. Git context of the patch does not cover the situation so it was applied without any failures.
Upstream commit which removed that intermediate access to the variable is ccc35ff2fd29 ("leds: spi-byte: Use devm_led_classdev_register_ext()").
I think it's worth a backport, too. The patches for the corresponding stable trees follow in this thread.
Judging by Documentation/devicetree/bindings/leds/common.yaml, "label" leds property is deprecated at least since the start of 2020. So there should be no problem with switching from "label" to "function"+"color" device name generation in kernels down to 5.10.y.
-- Fedor