How to show an individual YTickLabel to the right of the single Y axis?

Hello,

I would like to place an YTickLabel to the right of the Y axis. Currently, my figure looks like this:

Now, I would like to move the lower label $-M_{r0}$ (which is overlapping with the graph) to the right of the Y axis. How can I achieve that? Thanks!

Here's my MWE:

close all;
set(groot, 'defaultAxesTickLabelInterpreter','latex'); 

figure1=figure('Position',[320 50 600 450]);
axes1=axes('Parent',figure1,'FontSize',14);
o=linspace(-5,5,1000);
M=sign(o).*(10+o.^2);
plot1=plot(o,M,'Parent',axes1,'LineWidth',2);
set(plot1,'Color',[1 0 0]);
ylabel('Torque $M_r(\omega)$','FontSize',14,'Interpreter','latex');
xlabel('Velocity $\omega$','FontSize',14,'Interpreter','latex');
title('');

set(gca,'xtick',[],'xticklabel',[]);
set(gca,'ytick',[-10,10],'yticklabel',{'\fontsize{14pt}{17pt}$-M_{r0}$','\fontsize{14pt}{17pt}$M_{r0}$'});
set(gca,'XAxisLocation','origin','YAxisLocation','origin'); 
axp=get(gca,'Position'); % needed to put arrows in the right position
annotation('arrow', [axp(1) axp(1)+axp(3)],[axp(2)+axp(4)/2 axp(2)+axp(4)/2]);
annotation('arrow', [axp(1)+axp(3)/2 axp(1)+axp(3)/2],[axp(2) axp(2)+axp(4)]);
box off;