Ray Effect

Duplicate the layer. Layer > Duplicate Layer

Rotate the top layer 90 Degree. 

Edit > Transform > Rotate 90 CW

Set layer blending option to Multiply.

Merge Down the image Shortcut : Ctrl + E

Invert the image. Image > Adjust > Invert 

Shortcut : Ctrl + I

Make sure your foreground is black. Select the Foreground to Transparent gradient and apply it to the image starting from top to bottom. 

Click on the thumbnails to view them larger

You should end up having an image like this.

Apply Filter > Distort > Polar Coordinates with the option Rectangular to Polar.

Go to Image > Adjust > Hue/Saturation

Shortcut: Ctrl + U

Click the colorize check box. 

I made it red in this example.

Duplicate the layer.

Layer > Duplicate Layer

Set the top layer blending option to Screen.

Select the bottom layer and apply gaussian blur. 

Filter > Blur > Gaussian Blur

I set the value , 7.0

Duplicate the top layer and select the top layer. Decrease the size of the layer around %50 and turn it 90 CW.

Edit > Free Transform 

Shortcut: Ctrl + T

Apply Image > Adjust > Hue/Saturation

Click the colorize check box. And choose a color of your preference.

And that's it. The End