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 | Walsall | 36 | 20 | 8 | 8 | 65 | 41 | 24 | 68 |
| 2 | Bradford CityBradford | 36 | 19 | 9 | 8 | 48 | 30 | 18 | 66 |
| 3 | Doncaster RoversDoncaster | 36 | 18 | 8 | 10 | 53 | 43 | 10 | 62 |
| 4 | Notts County | 36 | 17 | 10 | 9 | 55 | 37 | 18 | 61 |
| 5 | AFC Wimbledon | 36 | 17 | 9 | 10 | 47 | 25 | 22 | 60 |
| 6 | Port Vale | 35 | 15 | 13 | 7 | 44 | 37 | 7 | 58 |
| 7 | Crewe AlexandraCrewe | 36 | 14 | 14 | 8 | 44 | 37 | 7 | 56 |
| 8 | Grimsby Town | 36 | 17 | 5 | 14 | 51 | 53 | -2 | 56 |
| 9 | Colchester UnitedColchester | 36 | 13 | 16 | 7 | 42 | 33 | 9 | 55 |
| 10 | Bromley | 36 | 13 | 12 | 11 | 46 | 43 | 3 | 51 |
| 11 | Salford City | 36 | 13 | 11 | 12 | 43 | 41 | 2 | 50 |
| 12 | Fleetwood TownFleetwood | 36 | 12 | 13 | 11 | 49 | 43 | 6 | 49 |
| 13 | Cheltenham TownCheltenham | 36 | 13 | 10 | 13 | 48 | 51 | -3 | 49 |
| 14 | Chesterfield | 35 | 13 | 9 | 13 | 56 | 43 | 13 | 48 |
| 15 | Swindon TownSwindon | 36 | 11 | 13 | 12 | 52 | 52 | 0 | 46 |
| 16 | BarrowBarrow | 35 | 12 | 7 | 16 | 38 | 41 | -3 | 43 |
| 17 | Newport CountyNewport | 36 | 12 | 7 | 17 | 45 | 61 | -16 | 43 |
| 18 | MK Dons | 35 | 12 | 6 | 17 | 46 | 50 | -4 | 42 |
| 19 | Gillingham | 35 | 11 | 8 | 16 | 30 | 38 | -8 | 41 |
| 20 | Harrogate TownHarrogate | 36 | 11 | 7 | 18 | 29 | 45 | -16 | 40 |
| 21 | Accrington StanleyAccrington | 36 | 10 | 9 | 17 | 44 | 54 | -10 | 39 |
| 22 | Tranmere RoversTranmere | 36 | 7 | 12 | 17 | 27 | 55 | -28 | 33 |
| 23 | Morecambe | 36 | 8 | 5 | 23 | 31 | 54 | -23 | 29 |
| 24 | Carlisle UnitedCarlisle | 35 | 6 | 9 | 20 | 25 | 51 | -26 | 27 |
| > League Two Full Table | |||||||||
