It was labeled "Automatic graphics switching" in past releases. It appears to be gone completely. I just confirmed it was under Battery on 12.5.1. This is a shame. The Intel GPU on the 2019 MBP is pretty anemic and it is definitely felt when programming in some editors.
I don't think it was ever officially in the UI beyond "allowing" certain applications to use the dedicated GPU inside a MacBook Pro. The only reason Apple even added that was as a battery conservation concern.