When creating/resizing OS and Data drives Azure programmatically picks a drive type for you. E.g. standard SSD:
Those show up in the cost analysis the next day. E.g.
How to look up the drive type, without waiting 24 hours to see what you payed for?
UPDATE: March 23, here are all the disks I created - I only have two disks now
When defining managed disks you choose the type (Premium SSD, Standard SSD, and Standard HDD) and size. The type determines the class of storage (P, E, S) and then the size allocation sets the description. With that in mind, your configuration determines the value that will be used. For example, S10 = Standard SSD 128 Gb
Here is a reference: https://azure.microsoft.com/en-us/pricing/details/managed-disks/
Unfortunately, it is not explicitly displayed in the disk properties so it looks like the description is assigned as part of the reporting process as it evaluates the composite values.