The first field is the name of the multilib. It is also the name of the subdirectory where the libs live.
The first entry (single dot) is the default.
I guess you will get what you expect if you manage to change the gcc settings so the first line of -print-multi-lib is:
.;@m68000
If it works, that will cause absolutely no regression in the cross-compiler. That will just instruct gcc to use -m68000 when building the default libraries, which is exactly what you expect.