How To Disable Auto Update for Android Market

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Method 1:
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Now the Simple solution that you all must have tried by now is simply go to Settings>Applications>Manage applications>Market and select “Uninstall updates”.
This would uninstall the latest update but the problem is this does not stop the process of market being auto updated in some time.

Here is the solution to this:
#You need to have a rooted android phone.
This can be done with the help of Terminal Emulator. We will have to gain root access and then disable the updater application:

1)Run Terminal Emulator
2)Write the following commands in inverted commas.

“su” [press Enter]

The superuser screen will pop out select Allow

“pm disable com.android.vending.updater” [press Enter]

That’s it,
You will see this on screen and you are done.

“package com.android.vending.updater new status: disabled”

And if by chance things go wrong, or whenever you want to enable updating you can do so by using same commands and using “Enable” in place of “Disable”

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Method 2:
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Here is a simple guide on how to disable Android Market from automatically updating Itself:

1. First root your Android device.
2. Download and install BusyBox from Android Market.
3. On your Android device, tap on Settings > Applications > Manage Applications > Market and on uninstall updates. This will restore your device’s Android Market to stock factory version that it was shipped with.
4. Download, install and launch a terminal app. Android Terminal Emulator is one and you can get it from Android Market.
5. Type in the following command in the terminal emulator app: su (This will give your privileged root access)
6. Type in the following command in the terminal emulator app : touch /data/app/com.android.vending-1.apk
7. Type in the following command in the terminal emulator app: chattr +i /data/app/com.android.vending-1.apk

If done correctly, the above steps will disable auto updates for Android Market.

What this process basically does is put a bogus APK file in the way of where Android wants to put the new version. The chattr command makes the file “immutable”, so that even root can’t remove it. Just setting it read only with chmod isn’t enough.

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Method 3:
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NOTE: Phone must be rooted and have super user rights.

1. Go into your system/app folder and rename MarketUpdater.apk to MarketUpdater.apk.bak. (I would suggest a rename instead of deleting the apk)
2. If the market has already updated, after doing step 1, go to Settings > Applications > Manage applications.
3. Scroll down to Market, click on it and choose Uninstall updates. 

Done. No more market update. 

References :
http://www.myindiandroid.com/tips-and-tricks/how-to-stop-auto-update-of-android-market/
http://www.techsliver.com/how-to-disable-auto-update-for-android-market/ 
http://forum.xda-developers.com/archive/index.php/t-876991.html