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          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_DerivativesRiskMember" xlink:to="lab_pmm_DerivativesRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_LeverageRiskMember" xlink:label="loc_pmm_LeverageRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_LeverageRiskMember" xml:lang="en-US">Leverage Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_LeverageRiskMember" xlink:to="lab_pmm_LeverageRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_RemarketingRiskMember" xlink:label="loc_pmm_RemarketingRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_RemarketingRiskMember" xml:lang="en-US">Remarketing Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_RemarketingRiskMember" xlink:to="lab_pmm_RemarketingRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_FundDistributionRiskMember" xlink:label="loc_pmm_FundDistributionRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_FundDistributionRiskMember" xml:lang="en-US">Fund Distribution Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_FundDistributionRiskMember" xlink:to="lab_pmm_FundDistributionRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_InflationDeflationRiskMember" xlink:label="loc_pmm_InflationDeflationRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_InflationDeflationRiskMember" xml:lang="en-US">Inflation/Deflation Risk</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_InflationDeflationRiskMember" xlink:to="lab_pmm_InflationDeflationRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_LiquidityRiskMember" xlink:label="loc_pmm_LiquidityRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_LiquidityRiskMember" xml:lang="en-US">Liquidity Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_LiquidityRiskMember" xlink:to="lab_pmm_LiquidityRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_MarketEventsRiskMember" xlink:label="loc_pmm_MarketEventsRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_MarketEventsRiskMember" xml:lang="en-US">Market Events Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_MarketEventsRiskMember" xlink:to="lab_pmm_MarketEventsRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_PortfolioTurnoverRiskMember" xlink:label="loc_pmm_PortfolioTurnoverRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_PortfolioTurnoverRiskMember" xml:lang="en-US">Portfolio Turnover Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_PortfolioTurnoverRiskMember" xlink:to="lab_pmm_PortfolioTurnoverRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_ManagementRiskMember" xlink:label="loc_pmm_ManagementRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_ManagementRiskMember" xml:lang="en-US">Management Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_ManagementRiskMember" xlink:to="lab_pmm_ManagementRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_RisksOfFuturesAndOptionsOnFuturesMember" xlink:label="loc_pmm_RisksOfFuturesAndOptionsOnFuturesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_RisksOfFuturesAndOptionsOnFuturesMember" xml:lang="en-US">Risks of Futures and Options on Futures [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_RisksOfFuturesAndOptionsOnFuturesMember" xlink:to="lab_pmm_RisksOfFuturesAndOptionsOnFuturesMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_MarketPriceDiscountFromNetAssetValueRiskMember" xlink:label="loc_pmm_MarketPriceDiscountFromNetAssetValueRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_MarketPriceDiscountFromNetAssetValueRiskMember" xml:lang="en-US">Market Price Discount from Net Asset Value Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_MarketPriceDiscountFromNetAssetValueRiskMember" xlink:to="lab_pmm_MarketPriceDiscountFromNetAssetValueRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_ValuationRiskMember" xlink:label="loc_pmm_ValuationRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_ValuationRiskMember" xml:lang="en-US">Valuation Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_ValuationRiskMember" xlink:to="lab_pmm_ValuationRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_TaxRisksMember" xlink:label="loc_pmm_TaxRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_TaxRisksMember" xml:lang="en-US">Tax Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_TaxRisksMember" xlink:to="lab_pmm_TaxRisksMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_AntitakeoverProvisionsRiskMember" xlink:label="loc_pmm_AntitakeoverProvisionsRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_AntitakeoverProvisionsRiskMember" xml:lang="en-US">Anti-Takeover Provisions Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_AntitakeoverProvisionsRiskMember" xlink:to="lab_pmm_AntitakeoverProvisionsRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_TemporaryDefensiveStrategiesRiskMember" xlink:label="loc_pmm_TemporaryDefensiveStrategiesRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_TemporaryDefensiveStrategiesRiskMember" xml:lang="en-US">Temporary Defensive Strategies Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_TemporaryDefensiveStrategiesRiskMember" xlink:to="lab_pmm_TemporaryDefensiveStrategiesRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" xlink:label="loc_pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" xml:lang="en-US">WhenIssued, Forward Commitment and Delayed Delivery Transactions Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" xlink:to="lab_pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_OperationalRiskMember" xlink:label="loc_pmm_OperationalRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_OperationalRiskMember" xml:lang="en-US">Operational Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_OperationalRiskMember" xlink:to="lab_pmm_OperationalRiskMember" />
          <link:loc xlink:type="locator" xlink:href="pmm-20261002.xsd#pmm_CybersecurityRiskMember" xlink:label="loc_pmm_CybersecurityRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_pmm_CybersecurityRiskMember" xml:lang="en-US">Cybersecurity Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pmm_CybersecurityRiskMember" xlink:to="lab_pmm_CybersecurityRiskMember" />
        </link:labelLink>
      </link:linkbase>
    </appinfo>
  </annotation>
  <import namespace="http://xbrl.sec.gov/cef/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026.xsd" />
  <import namespace="http://xbrl.sec.gov/cef-pre/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026_pre.xsd" />
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2026" schemaLocation="https://xbrl.sec.gov/dei/2026/dei-2026.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
  <element name="CommonSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_CommonSharesMember" substitutionGroup="xbrli:item" />
  <element name="InvestmentAndMarketRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_InvestmentAndMarketRiskMember" substitutionGroup="xbrli:item" />
  <element name="BelowInvestmentGradeSecuritiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_BelowInvestmentGradeSecuritiesRiskMember" substitutionGroup="xbrli:item" />
  <element name="MunicipalSecuritiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_MunicipalSecuritiesRiskMember" substitutionGroup="xbrli:item" />
  <element name="TaxexemptSecuritiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_TaxexemptSecuritiesRiskMember" substitutionGroup="xbrli:item" />
  <element name="InverseFloatingRateSecuritiesAndTobsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_InverseFloatingRateSecuritiesAndTobsRiskMember" substitutionGroup="xbrli:item" />
  <element name="InsuranceRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_InsuranceRiskMember" substitutionGroup="xbrli:item" />
  <element name="CreditRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_CreditRisksMember" substitutionGroup="xbrli:item" />
  <element name="PrepaymentRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_PrepaymentRisksMember" substitutionGroup="xbrli:item" />
  <element name="CounterpartyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_CounterpartyRiskMember" substitutionGroup="xbrli:item" />
  <element name="CreditCrisisLiquidityAndVolatilityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_CreditCrisisLiquidityAndVolatilityRiskMember" substitutionGroup="xbrli:item" />
  <element name="GovernmentInterventionInFinancialMarketsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_GovernmentInterventionInFinancialMarketsRiskMember" substitutionGroup="xbrli:item" />
  <element name="FocusOfInvestmentsRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_FocusOfInvestmentsRisksMember" substitutionGroup="xbrli:item" />
  <element name="MunicipalLeasesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_MunicipalLeasesRiskMember" substitutionGroup="xbrli:item" />
  <element name="DerivativesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_DerivativesRiskMember" substitutionGroup="xbrli:item" />
  <element name="LeverageRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_LeverageRiskMember" substitutionGroup="xbrli:item" />
  <element name="RemarketingRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_RemarketingRiskMember" substitutionGroup="xbrli:item" />
  <element name="FundDistributionRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_FundDistributionRiskMember" substitutionGroup="xbrli:item" />
  <element name="InflationDeflationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_InflationDeflationRiskMember" substitutionGroup="xbrli:item" />
  <element name="LiquidityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_LiquidityRiskMember" substitutionGroup="xbrli:item" />
  <element name="MarketEventsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_MarketEventsRiskMember" substitutionGroup="xbrli:item" />
  <element name="PortfolioTurnoverRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_PortfolioTurnoverRiskMember" substitutionGroup="xbrli:item" />
  <element name="ManagementRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_ManagementRiskMember" substitutionGroup="xbrli:item" />
  <element name="RisksOfFuturesAndOptionsOnFuturesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_RisksOfFuturesAndOptionsOnFuturesMember" substitutionGroup="xbrli:item" />
  <element name="MarketPriceDiscountFromNetAssetValueRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_MarketPriceDiscountFromNetAssetValueRiskMember" substitutionGroup="xbrli:item" />
  <element name="ValuationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_ValuationRiskMember" substitutionGroup="xbrli:item" />
  <element name="TaxRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_TaxRisksMember" substitutionGroup="xbrli:item" />
  <element name="AntitakeoverProvisionsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_AntitakeoverProvisionsRiskMember" substitutionGroup="xbrli:item" />
  <element name="TemporaryDefensiveStrategiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_TemporaryDefensiveStrategiesRiskMember" substitutionGroup="xbrli:item" />
  <element name="WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_WhenissuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" substitutionGroup="xbrli:item" />
  <element name="OperationalRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_OperationalRiskMember" substitutionGroup="xbrli:item" />
  <element name="CybersecurityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_CybersecurityRiskMember" substitutionGroup="xbrli:item" />
  <element name="PreferredSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="pmm_PreferredSharesMember" substitutionGroup="xbrli:item" />
</schema>
