Yes, nay is in the scrabble dictionary

...and is worth 6 points by itself.

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Nay Definition

noun

A denial or refusal.
from The American Heritage Dictionary of the English Language, 4th Edition
A negative vote or voter.
from The American Heritage Dictionary of the English Language, 4th Edition
A negative reply or vote.
from Free Scrabble Dictionary
One who votes no.
from Free Scrabble Dictionary
A negative answer:.
from Free Scrabble Dictionary

adverb

And moreover: He was ill-favored, nay, hideous.
from The American Heritage Dictionary of the English Language, 4th Edition
No: All but four Democrats voted nay.
from The American Heritage Dictionary of the English Language, 4th Edition
Or rather (used to emphasize a more appropriate word than one just used):.
from Free Scrabble Dictionary
No:.
from Free Scrabble Dictionary

conjunction

Not merely this but also not only so but.
from Free Scrabble Dictionary

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Top Words by points

Points

any

6

2 letter words with NAY

Points

an

2

ay

5

na

2

ya

5

3 letter words with NAY

Points

any

6

nay

6

Found 6 words in 0.13802 seconds