The Collaborative International Dictionary of English v.0.48:

Bay \Bay\, v. i. [imp. & p. p. Bayed (b[=a]d); p. pr. & vb. n.
   Baying.] [OE. bayen, abayen, OF. abaier, F. aboyer, to
   bark; of uncertain origin.]
   To bark, as a dog with a deep voice does, at his game.
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         The hounds at nearer distance hoarsely bayed. --Dryden.
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The Collaborative International Dictionary of English v.0.48:

Bayed \Bayed\, a.
   Having a bay or bays. "The large bayed barn." --Drayton.
   [1913 Webster]