There's nothing fancy, or unusual, about 480v lighting. Think of it as '240 on steroids.'
Look at it this way: the ballast needs a potential between the two ballast 'line' wires to work. If one is "+" at the same instant the other is "-," you have that potential. In a quirk of our language, we call this 'single phase,' though neither of the wires is at the same potential as ground.
A few little details I've learned about such installations:
First off, the 'multi-tap' ballasts generally do not work; you need a 480v ballast.
Second, troubleshooting is greatly eased if you have fuses in both 'hots' at the base of the pole.
Third, the 'circuit' might actually have three 'hots,' be fed by a three-phase breaker, yet only have two 'hots' going up each pole. That is, the first light might use phases AB, the second AC, the third BC, and on down the line. What fun! (Especially when a pole is knocked down and the scheme gets messed up.)
Such lights almost always have some form of automatic control. VERIFY that ALL power is off before you start taking things apart. Just because the bulb isn't lit - well, there's no guarantee that BOTH of the 'hots' are dead. Even if there's a photocell on the pole, there might be a contactor somewhere.
When designing such a system, you might want to provide an accessible disconnect, as well as a 'test' or 'manual' means, at the base of each pole.