Using the method of Lagrange multipliers or the AM-GM inequality under the given constraint, we can find that the maximum value occurs when
\[
a^2 x^4 = b^2 y^4
\Rightarrow \frac{x^4}{b^2} = \frac{y^4}{a^2}
\]
Solving this system under the constraint \( a^2 x^4 + b^2 y^4 = c^6 \) gives the result:
\[
x^4 y^4 = \frac{c^{12}}{4 a^2 b^2}
\]