You can’t disable it, but you don’t decide not to update them by not clicking on the update link.
However, this isn’t recommended. For example, if you don’t update plugins that were recently updated, they will break when you update to the latest version of GeneratePress, as I’ve changed the way they work to be more efficient.
The update notice only displays on the plugins page like every other plugin – if there’s no message to update, how will you know when to do it, and how will you initiate the update without a link to it?
Have you figured out a way to hide the notice from your other plugins when they need updating?