After edit (I added that control b has a caption).
Here is what I mean:
If you run this example:
Manipulate[Graphics[Circle[{a, b}, c]],
{a, 1, 10},
"Caption of b",
{b, 1, 10}, {c, 1, 10},
ControlPlacement -> {Left, Top, Top, Right}]
a & c will be indeed left & right, and "caption of b" & b on top, but to the left, instead of over the center of the circle..
David, I can't get your suggestion to work.