Translation: And heaven and earth was created and everything that can be seen in them.
Nayari = was made/was created
langit = heaven or sky (this would depend on the context)
lupa = earth or ground
lahat = everything or every.... (depending on context)
natatanaw = can seen or visible
iyon = that (yonder)
in this context sa mga iyon = in them
I was a bit unsure about the difference between matatanaw and natatanaw earlier but I had a feeling that it had a slight variation or differences between the words but couldn't really put my finger on it so I thought it was either natatanaw is some kind of past tense or it was to make the sentence more poetic. Then I thought about using a different verb.
here's my diagnosis, sorry that it's a little crude but it was the first thing that I thought of even though I was just testing it jokingly but the result from it is helpful to realise the differences
the difference between natatae and matatae
natatae = I need to poo right now (or I feel the urge to poo right now)
matatae = there's a possibility that I will poo later
since tae can be a verb in tagalog but poo is not therefore the translation do not completely convey the meaning properly
anyway, a more helpful examples for you would be using kita and putting them in sentences
makikita and nakikita = can see it
makikita is future
nakikita is present
but both conveying the possibility or ability to do something
Makikita mo yan mamaya = you can see that later (referring to something you've been talking about)
Nakikita mo na = you can see it now (this sentence is a bit odd because it's obvious already and therefore do not need to be mentioned)
we would use the second one more like a question than a statement because it is questioning something that is not obvious for example when people are talking in the telephone, you ask 'Nakikita mo na ba?' asking if you can see it already (referring to something that you were talking about)