Well, there is still another way:
1. Create Graph, goto "Customize Control"
2. Then in Customize Control Window, switch to "Change to Edit Mode".
3. Select the Scale Legend Array, and then select from Pull Down Menu "Edit -> Customize Control"
4. Now you have opened another Customize Control Window, but just with the Scale Legend Array. Here you can right-click the scale-string and select to hide that string.
5. now go back, close the Customize Control Window of the scale legend, select to replace the scale legend, and voila: scale string is still hidden, just what you wanted.
If you still have access to (I think) LabVIEW 8.2, there it was possible to right-click on the scale-legend and select "Create->Reference". You then have a refnum to the scale-legend-array and now can switch on/off the visibility of the scale string during run-time. If you save a VI in 8.2 with that functionality and upgrade it to 8.6, it should still work (afaik).
I remember to have discussions and complains with my german representative why this feature was removed with the release of (I think) 8.5 (or was it 8.6? Not sure at the moment). Anyway, still angry with NI, that you cannot do it in an easy way anymore.
Jens