We present multiwavelength identifications for the counterparts of 1088 submillimeter sources detected at 850$mu$m in the SCUBA-2 Cosmology Legacy Survey study of the UKIDSS-UDS field. By utilising an ALMA pilot study on a subset of our bright SCUBA-2 sample as a training set, along with the deep optical-near-infrared data available in this field, we develop a novel technique, Optical-IR Triple Color (OIRTC), using $z-K$, $K-[3.6]$, $[3.6]-[4.5]$ colors to select the candidate submillimeter galaxy (SMG) counterparts. By combining radio identification and the OIRTC technique, we find counterpart candidates for 80% of the Class = 1 $geq4,sigma$ SCUBA-2 sample, defined as those that are covered by both radio and OIR imaging and the base sample for our scientific analyses. Based on the ALMA training set, we expect the accuracy of these identifications to be $82pm20$%, with a completeness of $69pm16$%, essentially as accurate as the traditional $p$-value technique but with higher completeness. We find that the fraction of SCUBA-2 sources having candidate counterparts is lower for fainter 850$mu$m sources, and we argue that for follow-up observations sensitive to SMGs with $S_{850}gtrsim 1$ mJy across the whole ALMA beam, the fraction with multiple counterparts is likely to be $>40$% for SCUBA-2 sources at $S_{850} gtrsim 4$ mJy. We find that the photometric redshift distribution for the SMGs is well fit by a lognormal distribution, with a median redshift of $z=2.3pm0.1$. After accounting for the sources without any radio and/or OIRTC counterpart, we estimate the median redshift to be $z=2.6pm0.1$ for SMGs with $S_{850} >1$ mJy. We also use this new large sample to study the clustering of SMGs and the the far-infrared properties of the unidentified submillimeter sources by stacking their Herschel SPIRE far-infrared emission.
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