The correct spelling of "the lay land" is actually "the Lea land". Lea is pronounced as /liː/. It is derived from Old English word "leah", meaning a clearing in a woodland or meadow. The pronunciation of "Lea" includes the long vowel sound /i:/ and the schwa sound /ə/ which can be heard as a subtle sound between the two vowel sounds. It is important to spell words correctly to avoid confusion and improve communication skills.