Any image printed using an inkjet printer will run if it gets wet;
even wiping it with a damp cloth will smear it.  Use a laser printer.

I understand, but I haven't tried it, that there are decal papers
that will work with laser printers.  You could print a decal and then
transfer it to the disc.

There must be a way to create a rub-on using the T-shirt paper that
should approximate the style of the original label.  You may want to
Google free fonts to come up with a font that will be close to the
original.  There are _a lot_ of terrific free fonts available but,
again, use a laser printer, not an inkjet printer.

Vincent Morgan
New York City