The correct spelling of the word "Gately" is pronounced as 'geɪtli'. The IPA phonetic transcription of this word supports the correct pronunciation by representing the individual sounds of each letter. The first sound, 'g', is pronounced as a voiced velar stop, followed by a long 'a' sound, represented as 'eɪ'. The following letter, 't', is pronounced as an unaspirated voiceless alveolar stop, followed again by a long 'e' sound, represented as 'i'. Finally, the letter 'y' is pronounced as a palatal approximant, representing the 'y' sound at the end.