I wonder if you could use the methods in the NSString UIKit Additions to figure out how much fits into label A.
A crude way might be to start with the first character of your text and test for the size it would take up (-sizeWithFont:forWidth:lineBreakMode: maybe?) and then keep adding characters one at a time until it doesn't fit into your label A any more.
I hope somebody else can come up with a better way to do this, but the above should work.
Update
Last night I looked a bit into Core Text for my own app and came across CTFramesetterSuggestFrameSizeWithConstraints. You could maybe use this to figure out how much of your string fits into the label, by looking at the fitRange in that function.
Update 2:
I think this should work, but I have just typed this in here, so it may not even compile:
UIFont *uiFont = [UIFont systemFontOfZise:13.0f]; // whichever font you're using
CTFontRef ctFont = CTFontCreateWithName((CFStringRef)uiFont.fontName, uiFont.pointSize, NULL);
NSDictionary *attr = [NSDictionary dictionaryWithObject:(id)ctFont forKey:(id)kCTFontAttributeName];
CFRelease(ctfont);
NSAttributedString *attrString = [[NSAttributedString alloc] initWithString:yourLabelText attributes:attr];
CTFrameSetterRef frameSetter = CTFrameSetterCreateWithAttributedString((CFAttributedStringRef)attrString);
[attrString release];
CFRange fitRange;
CTFrameSetterSuggestFrameSizeWithConstrains(
frameSetter,
CFRangeMake(0, 0),
NULL,
CGSizeMake(labelWidth, labelHeight),
&fitRange);
CFRelease(frameSetter);
CFIndex numberOfCharactersThatFit = fitRange.length;