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How do I assign a macro to an embedded button in excel?

I've got a toggle button embedded into my spreadsheet. How do I assign a macro to this button?

It depends on the type of button you created.

If you created the button by using the Forms Toolbars (View, Toolbars, Forms) you can right click on the button and then select Assign Macro...

If you created the button as an ActiveX object (View, Toolbars, Control Toolbox) you will have to right click on the button, click view code and in between the Private Sub and End Sub lines in the new window, type in the macro name.