We present constraints on the timescale of star formation variability and the
correlation between star formation and host halo accretion histories of
star-forming (SF) central galaxies from the scatter of the stellar-to-halo mass
relation (SHMR). SF galaxies are found to have a tight relationship between
their star formation rates and stellar masses on the so-called "star-forming
sequence" (SFS), which characterizes their SF histories and $M_*$ growths.
Meanwhile, observed SHMR constraints connect $M_*$ growth to halo accretion
history. Combining these observed trends with a cosmological $N$-body
simulation, we present flexible models that track the SF, $M_*$, and halo
accretion histories of SF central galaxies at $z<1$ while reproducing the
observed stellar mass function and SFS in SDSS DR7. We find that the scatter in
SHMR at $M_h=10^{12}M_\odot$, $\sigma_{M_*|M_h=10^{12}M_\odot}$, is sensitive
to the timescale of star formation variability, $t_{\rm duty}$, and the
correlation coefficient, $r$, between SF and halo accretion histories: shorter
$t_{\rm duty}$ and higher $r$ both result in tighter
$\sigma_{M_*|M_h=10^{12}M_\odot}$. To reproduce a constant 0.2 dex scatter over
$z=1-0$, our models require $t_{\rm duty}\leq1.5$ Gyr for $r=0.99$ or $r>0.6$
for $t_{\rm duty}=0.1$ Gyr. For $r\sim0.6$, as found in the literature, $t_{\rm
duty}<0.2$ Gyr is necessary. Meanwhile, to reproduce the tightening of
$\sigma_{M_*|M_h=10^{12}M_\odot}=0.35$ to 0.2 dex from $z=1-0$ in
hydrodynamical simulations, our models require $t_{\rm duty}=0.1$ Gyr for
$r>0.5$. Although, the lack of consensus on $\sigma_{M_*|M_h=10^{12}M_\odot}$
at $M_h=10^{12}M_\odot$ and at $z=1$ from observations and galaxy formation
models remains the main bottleneck in precisely constraining $r$ and $t_{\rm
duty}$, we demonstrate that SHMR can be used to constrain the SF and host halo
accretion histories of SF central galaxies.