Wolfgang raises an important issue. The secondary of this transformer is a separately derived systems, and must _either_ be grounded or meet the requirements for ungrounded systems.
But gaaaaaa. I can't find the code reference that requires ground fault detection on the ungrounded secondary. Am I imagining that ground fault detection is required? The closest that I can find is 250.21(3), which applies to control circuits only. (2002 code)
An an additional issue, the 480V secondary on this system is a pure 480V, not 480Y/277. You must use 480V breakers, not 480Y/277 breakers.
-Jon