after a long research on Google I found this  forum post:
http://social.msdn.microsoft.com/Forums/uk-UA/windowssdk/thread/aef929cb-62ac-4371-b7de-2c07adf3c6a7
I followed this and here is the working code:
[Flags()]
public enum AutorunContent : int
{
    AutorunInf = 2,
    AudioCD = 4,
    DVDMovie = 8,
    BlankCD = 16,
    BlankDVD = 32,
    UnknownContent = 64,
    AutoPlayPictures = 128,
    AutoPlayMusics = 256,
    AutoPlayMovies = 512
}
[ComImport]
[InterfaceType(ComInterfaceType.InterfaceIsIUnknown)]
[Guid("DDEFE873-6997-4e68-BE26-39B633ADBE12")]
public interface IQueryCancelAutoPlay
{
    [PreserveSig]
    int AllowAutoPlay(
      [MarshalAs(UnmanagedType.LPWStr)] string pszPath,
      [MarshalAs(UnmanagedType.U4)] AutorunContent dwContentType,
      [MarshalAs(UnmanagedType.LPWStr)] string pszLabel,
      [MarshalAs(UnmanagedType.U4)] int dwSerialNumber);
}
public class RunningObjectTableEntry : IDisposable
{
    private int cookie;
    private IRunningObjectTable rot = null;
    private IMoniker monkey = null;
    private RunningObjectTableEntry() { }
    /// <summary>
    /// Creates a new entry for the given object
    /// </summary>
    /// <param name="obj">Object to make an entry for. Only one object per class should ever be registered.</param>
    public RunningObjectTableEntry(object obj)
    {
        int hr = GetRunningObjectTable(0, out rot);
        if (hr != 0)
        {
            throw new COMException("Could not retreive running object table!", hr);
        }
        Guid clsid = obj.GetType().GUID;
        hr = CreateClassMoniker(ref clsid, out monkey);
        if (hr != 0)
        {
            Marshal.ReleaseComObject(rot);
            throw new COMException("Could not create moniker for CLSID/IID \"" + clsid + "\"!", hr);
        }
        cookie = rot.Register(0x01, obj, monkey);   //weak reference, but allow any user
    }
    [DllImport("ole32.dll", ExactSpelling = true)]
    private static extern int GetRunningObjectTable([MarshalAs(UnmanagedType.U4)] int reserved, out IRunningObjectTable pprot);
    [DllImport("ole32.dll", CharSet = CharSet.Unicode, ExactSpelling = true)]
    private static extern int CreateClassMoniker([In] ref Guid g, [Out] out IMoniker ppmk);
    #region IDisposable Members
    /// <summary>
    /// De-registers the object and class from the Running Object Table
    /// </summary>
    public void Dispose()
    {
        Marshal.ReleaseComObject(monkey);
        rot.Revoke(cookie);
        Marshal.ReleaseComObject(rot);
    }
    #endregion
}
[ComVisible(true)]
[Guid("331F1768-05A9-4ddd-B86E-DAE34DDC998A")]
[ClassInterface(ClassInterfaceType.None)]
public class Autoplay : IQueryCancelAutoPlay, IDisposable
{
    private RunningObjectTableEntry rotEntry;
    public Autoplay()
    {
        rotEntry = new RunningObjectTableEntry(this);
    }
    #region IQueryCancelAutoPlay Members
    public int AllowAutoPlay(string pszPath, AutorunContent dwContentType, string pszLabel, int dwSerialNumber)
    {
        if (pszLabel == "FUNKEYPLAY")  //This is the name of my volume that should not call autoplay
        {
            return 1;
        }
        else
        {
            return 0;
        }
        //Console.WriteLine("QueryCancelAutoPlay:");
        //Console.WriteLine("   " + pszPath);
        //Console.WriteLine("   " + dwContentType.ToString("x"));
        //Console.WriteLine("   " + pszLabel);
        //Console.WriteLine("   " + dwSerialNumber.ToString());
    }
    #endregion
    #region IDisposable Members
    public void Dispose()
    {
        rotEntry.Dispose();
    }
    #endregion
}
}