A folding tray assembly is provided and includes a support member and a tray member, whereby the tray member is pivotably supported by the support member and moveable relative thereto between a use position and a stowed position. The folding tray assembly further includes a locking mechanism operable to selectively lock the tray member to the support member in one of either the use position or the stowed position. The locking mechanism is housed within the tray member such that the mechanism is not visible or accessible by an occupant, but rather remotely actuated by a handle or lever. In addition, the tray assembly eliminates external supports by providing support within the tray member, thereby providing an open space below the tray member and giving the tray assembly a generally L-shape in the use position.