to make up one's mind; or, to warn someone about a risk (?)
Orthographic Variants:
centlaça noyollo, cẽtlaça noyollo
Alonso de Molina:
centlaza noyollo. nic. (pret. oniccentlaz noyollo.) determinarse en algun negocio, o escarmentar. Alonso de Molina, Vocabulario en lengua castellana y mexicana y mexicana y castellana, 1571, part 2, Nahuatl to Spanish, f. 17v. col. 2. Thanks to Joe Campbell for providing the transcription.