We examine factors affecting variability in the volume of Labrador Sea Water (LSW), a water mass that is important for the uptake and storage of heat and carbon in the Atlantic Ocean. We find that LSW accumulated in the Labrador Sea exhibits a lagged response to remote conditions: surface wind stress, heat flux, and freshwater flux anomalies, especially along the pathways of the North Atlantic Current branches. We use our results to reconstruct and attribute historical changes in LSW volume.