The spelling of the word "Codaye" can be dissected using the International Phonetic Alphabet (IPA). Based on its pronunciation, "Codaye" can be transcribed as /kəʊdeɪ/. This means that the first syllable sounds like "co", with a short "o" sound followed by a schwa sound. The second syllable is pronounced as "day", with a long "a" sound. The final "e" represents a silent letter. The IPA provides a useful tool for understanding the phonetic components of words, including those that may be unfamiliar.