Here's what I have so far. Do I need to make another feature layer based on the selection?
import arcpy
arcpy.MakeFeatureLayer_management(r"PATH TO THE POINT", "point_lyr")
arcpy.MakeFeatureLayer_management(r"PATH OF THE STATEPLANE", "stPlane_lyr")
arcpy.SelectLayerByLocation_management("point_lyr", "INTERSECT", "stPlane_lyr")
Here's the updated Script for each state plane zone
#Feature layers
Point_Layer = "Point_Layer"
CP_Layer = "CP_Layer"
IntersectLayerCON = "IntersectLayerCON"
# Process: Make Feature Layer for the SMON Points
arcpy.MakeFeatureLayer_management(SMONPoint, Point_Layer, "", "", "FID FID VISIBLE NONE;Shape Shape VISIBLE NONE;link_fld link_fld VISIBLE NONE;State State VISIBLE NONE")
# Process: Make Feature Layer for the Control Points
arcpy.MakeFeatureLayer_management(ControlPoint, CP_Layer, "", "", "FID FID VISIBLE NONE;Shape Shape VISIBLE NONE;link_fld link_fld VISIBLE NONE;State State VISIBLE NONE")
# Process: Make Feature Layer for Intersection Shapefiles
arcpy.MakeFeatureLayer_management(IntersectLayer, IntersectLayerCON, "", "", "FID FID VISIBLE NONE;Shape Shape VISIBLE NONE;OBJECTID OBJECTID VISIBLE NONE;ZONE ZONE VISIBLE NONE;ZONENAME ZONENAME VISIBLE NONE;FIPSZONE FIPSZONE VISIBLE NONE;SQMI SQMI VISIBLE NONE;COLORMAP COLORMAP VISIBLE NONE;Shape_Leng Shape_Leng VISIBLE NONE;Shape_Area Shape_Area VISIBLE NONE")
#This will calculate the fields labeled the correct STATE PLANE zone
# Process: Select Layer By Location for SMON
arcpy.SelectLayerByLocation_management(Point_Layer, "INTERSECT", IntersectLayerCON, "", "NEW_SELECTION")
# Process: Calculate Field for SMON
arcpy.CalculateField_management(Point_Layer, "StatePlane", "\"Colorado North\"", "VB", "")
arcpy.CalculateField_management(Point_Layer, "State", "\"Colorado\"", "VB", "")
It will just calculate the fields for state and state plane.