It partly depends on the ring. If it's one made for single speed, meaning it has no cut down teeth for shift gates, then it doesn't matter which way it faces. I'd remove the anti-jam pin and flip it so the counterbores for the chainring bolts are on the right side.
OTOH- if it's a derailleur ring with the cut down shift gates, these don't work well backward so I'd leave it outside out so it's turning in the normal direction.
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