No. Sooner or later, you will have to let it update. Updates are important, and Microsoft doesn't want the service calls they're going to get if you don't update and something breaks or you get hacked.
So just like "your contract with the [TV] network is you're going to watch the spots", your contract with Microsoft is you're going to install the updates, and you consent to be spied on, and...
So just like "your contract with the [TV] network is you're going to watch the spots", your contract with Microsoft is you're going to install the updates, and you consent to be spied on, and...