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This is what can be done with algorithmicx:

Code:

\documentclass{article}
\usepackage{amsmath}
\usepackage{algorithm}
\usepackage[noend]{algpseudocode}

\makeatletter
\def\BState{\State\hskip-\ALG@thistlm}
\makeatother

\begin{document}
\begin{algorithm}
\caption{My algorithm}\label{euclid}
\begin{algorithmic}[1]
\Procedure{MyProcedure}{}
\State $\textit{stringlen} \gets \text{length of }\textit{string}$
\State $i \gets \textit{patlen}$
\BState \emph{top}:
\If {$i > \textit{stringlen}$} \Return false
\EndIf
\State $j \gets \textit{patlen}$
\BState \emph{loop}:
\If {$\textit{string}(i) = \textit{path}(j)$}
\State $j \gets j-1$.
\State $i \gets i-1$.
\State \textbf{goto} \emph{loop}.
\State \textbf{close};
\EndIf
\State $i \gets i+\max(\textit{delta}_1(\textit{string}(i)),\textit{delta}_2(j))$.
\State \textbf{goto} \emph{top}.
\EndProcedure
\end{algorithmic}
\end{algorithm}
\end{document}