The 21-year-old centre-back agreed a deal that will keep him with the Alex until the summer of 2017.
Ray made his debut in Crewe's Johnstone's Paint Trophy final victory in 2013 and has made 31 appearances for Steve Davis's side so far this season.
He has also won two international caps for Wales's Under-21 side.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Port Vale | 15 | 9 | 3 | 3 | 23 | 16 | 7 | 30 |
| 2 | Walsall | 14 | 8 | 3 | 3 | 27 | 15 | 12 | 27 |
| 3 | Notts County | 15 | 7 | 6 | 2 | 23 | 13 | 10 | 27 |
| 4 | Doncaster RoversDoncaster | 15 | 8 | 3 | 4 | 21 | 17 | 4 | 27 |
| 5 | Crewe AlexandraCrewe | 14 | 7 | 4 | 3 | 17 | 13 | 4 | 25 |
| 6 | MK Dons | 15 | 7 | 3 | 5 | 24 | 17 | 7 | 24 |
| 7 | Grimsby Town | 15 | 8 | 0 | 7 | 19 | 25 | -6 | 24 |
| 8 | Gillingham | 15 | 7 | 2 | 6 | 16 | 12 | 4 | 23 |
| 9 | Chesterfield | 15 | 5 | 7 | 3 | 28 | 18 | 10 | 22 |
| 10 | Bradford CityBradford | 15 | 6 | 4 | 5 | 20 | 16 | 4 | 22 |
| 11 | BarrowBarrow | 15 | 6 | 4 | 5 | 16 | 12 | 4 | 22 |
| 12 | Fleetwood TownFleetwood | 14 | 5 | 6 | 3 | 20 | 15 | 5 | 21 |
| 13 | Salford City | 15 | 5 | 5 | 5 | 14 | 17 | -3 | 20 |
| 14 | AFC Wimbledon | 12 | 6 | 1 | 5 | 18 | 10 | 8 | 19 |
| 15 | Newport CountyNewport | 15 | 6 | 1 | 8 | 19 | 26 | -7 | 19 |
| 16 | Cheltenham TownCheltenham | 15 | 5 | 3 | 7 | 19 | 22 | -3 | 18 |
| 17 | Tranmere RoversTranmere | 14 | 4 | 5 | 5 | 10 | 17 | -7 | 17 |
| 18 | Accrington StanleyAccrington | 14 | 4 | 4 | 6 | 18 | 22 | -4 | 16 |
| 19 | Bromley | 14 | 3 | 6 | 5 | 16 | 18 | -2 | 15 |
| 20 | Harrogate TownHarrogate | 15 | 4 | 3 | 8 | 12 | 21 | -9 | 15 |
| 21 | Colchester UnitedColchester | 14 | 2 | 7 | 5 | 17 | 21 | -4 | 13 |
| 22 | Swindon TownSwindon | 15 | 2 | 6 | 7 | 16 | 23 | -7 | 12 |
| 23 | Carlisle UnitedCarlisle | 15 | 3 | 2 | 10 | 13 | 28 | -15 | 11 |
| 24 | Morecambe | 15 | 2 | 4 | 9 | 14 | 26 | -12 | 10 |
| > League Two Full Table | |||||||||
