---array $points----
Array
(
[0] => Array
(
[0] => 2011-10-02 05:30:00
[1] =&
What you want to do is (basic idea):
foreach($points as $key=>$val){
$time[$val[1]] = $val[0]; // $time will be an array of [ point => time ] pairs
}
asort( $time ); // sorts the array and maintains indexes
After this you have an array of point => time pairs, sorted by time. To get just the points, for instance do
$points = array_keys( $time );