Check if labels are tied to proper input fileds

We recently improved login page, and changed placeholders and labels to look like

<label for="password">New password</label>
<input class="form-control top" required="required" title="This field is required" name="user[password]" id="user_password" type="password">

Does it mean that label is not tied to the input field, because neither id, nor name match label for= attribute?

What do you think @brycepj?