If you have Tyre Pressure Monitoring (TPM) on your GS and want to use a second set of rims for say your off road tyres. If they are fitted with TPM sensors then yes you can do this. Each bike can store information for a second set of wheels with TPM. This can be configured on the GS-911 but may also require the use of a BMW tool to "wake the sensor". This tool is available at BMW Mechanics including Auto Classic's and BM Bikes.
Note the TPM sensors have batteries in them which eventually run out of juice, no you cant replace the battery you have to replace the whole unit