Microsoft 365 retention policies allow organizations to keep or remove content from workloads like Exchange Online and SharePoint Online. You can apply filters in retention policies, but Microsoft only supports this capability auto-label retention policies. You can go ahead and update a standard retention policy to add a content filter with PowerShell and the policy will work. The question is, how long will it work for before Microsoft changes something on the backend to stop the policy working?
https://office365itpros.com/2022/01/18/content-queries-supported-microsoft-365-auto-label-retention-...
