You can remove the path of the toolbox that you do not want loaded from MATLAB search path. To find the path of all the toolboxes installed use the command:
>> path
>> rmpath('put the path of the toolbox here')
>> rmpath([matlabroot '\toolbox\wavelet\wavelet'])
>> restoredefaultpath >> rehash toolboxcache
Please note that restoring the default toolboxes path will delete the path to any custom toolbox that you might have already added and you will have to re-add them.
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