Description of problem:
As in title really.
I created squashfs filesystem in a file with mksquashfs
and then copied it to LVM volume with dd. Then I added
the following line to /etc/auto.misc:
C4              -fstype=squashfs,ro             :/dev/triss2/C4
where /dev/triss2/C4 is logical volume with squashfs.

Mounting manually works:
triss:~# mount -t squashfs -r /dev/triss2/C4 /mnt/
triss:~# ls /mnt/
bin   etc   initrd      media  net  proc  selinux  tftpboot  var
boot  halt  lib         misc   nfs  root  srv      tmp
dev   home  lost+found  mnt    opt  sbin  sys      usr
triss:~# umount /mnt/

But accessing by /misc/C4 does not:
triss:~# env LANG=C ls /misc/C4
ls: /misc/C4: No such file or directory
setroubleshoot logs a message:
Oct  5 08:25:04 triss kernel: SELinux: initialized (dev dm-9, type squashfs), no
t configured for labeling
Oct  5 08:25:06 triss setroubleshoot:      SELinux is preventing /bin/mount (mou
nt_t) "mount" to / (unlabeled_t).      For complete SELinux messages. run sealer
t -l 5b1fb67a-1dea-4836-9a7d-3c87bf946790
and sealert shows:
triss:~# sealert  -l 5b1fb67a-1dea-4836-9a7d-3c87bf946790
Summary
    SELinux is preventing /bin/mount (mount_t) "mount" to / (unlabeled_t).

Detailed Description
    SELinux denied access requested by /bin/mount. It is not expected that this
    access is required by /bin/mount and this access may signal an intrusion
    attempt. It is also possible that the specific version or configuration of
    the application is causing it to require additional access.

Allowing Access
    You can generate a local policy module to allow this access - see
    http://fedora.redhat.com/docs/selinux-faq-fc5/#id2961385 Or you can disable
    SELinux protection altogether. Disabling SELinux protection is not
    recommended. Please file a http://bugzilla.redhat.com/bugzilla/enter_bug.cgi
    against this package.

Additional Information

Source Context                user_u:system_r:mount_t
Target Context                system_u:object_r:unlabeled_t
Target Objects                / [ filesystem ]
Affected RPM Packages         util-linux-2.13-0.44.el5
                              [application]filesystem-2.4.0-1.el5.centos
                              [target]
Policy RPM                    selinux-policy-2.4.6-30.el5
Selinux Enabled               True
Policy Type                   targeted
MLS Enabled                   True
Enforcing Mode                Enforcing
Plugin Name                   plugins.catchall
Host Name                     triss
Platform                      Linux triss 2.6.18-8.1.14.el5xen #1 SMP Thu Sep 27
                              20:59:55 EDT 2007 i686 i686
Alert Count                   2
Line Numbers

Raw Audit Messages

avc: denied { mount } for comm="mount" dev=dm-9 egid=0 euid=0 exe="/bin/mount"
exit=-13 fsgid=0 fsuid=0 gid=0 items=0 name="/" pid=28402
scontext=user_u:system_r:mount_t:s0 sgid=0 subj=user_u:system_r:mount_t:s0
suid=0 tclass=filesystem tcontext=system_u:object_r:unlabeled_t:s0 tty=(none)
uid=0

Setting selinux to permissive mitigates this problem.

Version-Release number of selected component (if applicable):
kernel-xen-2.6.18-8.1.14.el5
squashfs-tools-3.0-4
selinux-policy-targeted-2.4.6-30.el5
autofs-5.0.1-0.rc2.43.0.2

How reproducible:
always

Actual results:
Cannot mount squashfs logical volume using autofs

Expected results:
Can mount squashfs logical volume using autofs

Additional info:
I've found it on CENTOS5, not RHEL5.