On reboot system asking for keychain password for local items I reinstalled OS X Yosemite, I am now using a new admin password (I also changed my iCloud account password.) Upon setting up iCloud, it reused the iCloud data.

Everything is running fine BUT on each reboot I am asked to enter the "old iCloud password" for all system agents using the "Local Items". 

___________ wants to use the "Local Items" keychain. Please enter the keychain password


and it only accepts my old iCloud password, not the new one ...
Keychain password &amp; login are only the same until you change one, then you need to change the other separately

Source: OS X: Keychain Access asks for keychain "login" after changing login password


  Note: This doesn't happen if you change your account password using Accounts preferences.
  If you want your default keychain to be unlocked automatically when you log in, synchronize your Keychain Access and account login passwords by doing this:
  
  
  Open Keychain Access (you can get to it by choosing Utilities from the Go menu in the Finder).  
  From the Edit menu, choose Change Password for Keychain "login."
  Type the former password of the account that you are currently logged in to, then click OK.
  If you entered the correct password, a new window appears; enter the original password again in the Current Password field.
  In the New Password field, type the password that matches your current account password.
  Re-enter the newer password in the Verify field, then click OK.