Yes, it is possible, you just have to set up the States of your pushbutton. You'll have to use an internal bit in your PLC to indicate whether the button should be grayed out. (The PV cannot directly address PLC inputs and outputs.) Create a tag for this bit and use it for the Indicator of the pushbutton. Then, set up the options in the States tab so that the appropriate state displays the button in gray. Of course this won't actually disable the button, so you'll have to have some logic in the PLC that prevents a button press from doing anything unless the proper conditions are met.