While my example has nothing to do with the specific question (using a 480v panel on a 208 service), it has everything to do with that little sticker.
If the sticker does not list 208/120Y as an approved service, the panel is not approved for use with it.
In my example, the panels where you have to 'skip' breaker spaces to prevent your having a 208v-1 pole circuit, you will see that the sticker does NOT include '240/120 Delta" as one of the approved systems for that panel. Thus, skipping spaces can indicate a 110 code violation.
I can't speak for others, but I was in the trade for years before I ever really read one of those labels. It's rather amazing the variety of systems that are often listed. I suspect that the OP will, in fact, find that his "480 Volt" panel does make mention of 208 systems in the 'fine print.' If so, he's good to go.