I'm trying to create parametrized style for displaying hint text in WPF TextBox.
Original code is taken from this SO question (I added binding to HintText property).
It does work w/o binding. But no luck when I bound HintText to Content of Label:  
    <Window.Resources>
    <Style x:Key="HintTextStyle" TargetType="{x:Type TextBox}">
        <Style.Resources>
            <VisualBrush x:Key="CueBannerBrush" AlignmentX="Left" AlignmentY="Center" Stretch="None">
                <VisualBrush.Visual>
                    <Label Content="{Binding Path=(local:HintTextProperties.HintText), RelativeSource={RelativeSource AncestorType={x:Type TextBox}}}"
                           Foreground="LightGray" />
                </VisualBrush.Visual>
            </VisualBrush>
        </Style.Resources>
        <Style.Triggers>
            <Trigger Property="Text" Value="{x:Static sys:String.Empty}">
                <Setter Property="Background" Value="{StaticResource CueBannerBrush}" />
            </Trigger>
            <Trigger Property="Text" Value="{x:Null}">
                <Setter Property="Background" Value="{StaticResource CueBannerBrush}" />
            </Trigger>
        </Style.Triggers>
    </Style>
</Window.Resources>
<Grid>
    <TextBox Height="23" Margin="100,100" TextWrapping="Wrap" Text="" VerticalAlignment="Top" Width="120"
             local:HintTextProperties.HintText="Some hint text"
             Style="{DynamicResource HintTextStyle}" />
    <Button Content="Button" HorizontalAlignment="Left" Margin="361,166,0,0" VerticalAlignment="Top" Width="75"/>
</Grid>
Dependency property:
public class HintTextProperties
{
    public static string GetHintText(DependencyObject obj)
    {
       return (string)obj.GetValue(HintTextProperty);
    }
    public static void SetHintText(DependencyObject obj, string value)
    {
        obj.SetValue(HintTextProperty, value);
    }
    public static readonly DependencyProperty HintTextProperty =
        DependencyProperty.RegisterAttached(
        "HintText",
        typeof(string),
        typeof(HintTextProperties),
        new FrameworkPropertyMetadata(""));
}    
What is wrong with this code?