Text in labels

Should I put two possible arrangements for the category. by alphabetical order or per year of establishment (see attachment)
How can I change the texts in the filters?

you can use override language in joomla

Hello

you can create Ordering of custom fields

There is a textarea parameter to add your custom orders
You can read the popup description of the parameter

Any custom order includes these
- field selection (id)
- ordering type Interger Float, Date, Alphabetic
- Ascending or Descending
- A custom label, which can be Joomla language string, (If you need translation just add the language string via Joomla language manager)