The Wales winger has committed himself to White Hart Lane until 2016, ending speculation over his future amid interest from rival clubs at home and abroad.
"The club is progressing and I want to be a part of that, so it was great to get the deal done," Bale told Tottenham's official website.
Barcelona and Real Madrid were among the clubs linked with Bale, who is willing to remain at Tottenham despite their failure to qualify for the Champions League. Spurs finished fourth in the Premier League last season but missed out on Europe's top club competition after Chelsea won the trophy.
Bale, 22, is determined to help bring Champions League football back to White Hart Lane.
"I've been here for five years now and I've enjoyed every minute," he said.
"The fans have been great to me and I'd love to re-pay them and do the very best for them.
"The club is progressing and I want to be a part of that, so it was great to get the deal done.
"I love the club and the fans and I want to play my part in trying to get us back into the Champions League - where we belong.
"We have a good, young squad and we need to work together to get back on the biggest stage."
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