Lily looked up, her eyes wide. “The Ceremony of Twelve,” she whispered in an awed voice. Even the smallest children—Lily’s age and younger—knew that it lay in the future for each of them.
It is a passage form The Giver (Lois Lowry). Looks to me as the verb lay is an incorrect form. If it is Present Tense—it should be it lays. If it is Past Tense—it should be it laid.