I am new to iOS development, I have plain objective -c class \"MoneyTimer.m\" for running timer, from there i want to update the an UI label with the changing value of timer.
Your question doesn't give much info or detail so it is hard to know exactly what you need to do (e.g. if there is a "thread" issue at all, etc.).
At any rate, assuming your MoneyTimer instance has a reference to the current viewController you can use performSelectorOnMainThread
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//
- (void)performSelectorOnMainThread:(SEL)aSelector withObject:(id)arg waitUntilDone:(BOOL)wait;